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REGISTERED NUMBER: 04721468 (England and Wales)









BOYNS INFORMATION SYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOYNS INFORMATION SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: R E Boyns





REGISTERED OFFICE: Unit 5 Ffordd Celyn
Lon Parcwr Business Parc
Ruthin
DENBIGHSHIRE
LL15 1NJ





REGISTERED NUMBER: 04721468 (England and Wales)

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 259,658 291,063
Investments 6 2,200 2,200
261,858 293,263

CURRENT ASSETS
Stocks 13,047 13,450
Debtors 7 36,863 41,069
Cash at bank and in hand 37,333 30,456
87,243 84,975
CREDITORS
Amounts falling due within one year 8 71,203 78,817
NET CURRENT ASSETS 16,040 6,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,898

299,421

CREDITORS
Amounts falling due after more than one
year

9

-

(5,856

)

PROVISIONS FOR LIABILITIES (11,648 ) (15,542 )

ACCRUALS AND DEFERRED
INCOME

11

(67,685

)

(73,013

)
NET ASSETS 198,565 205,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 198,465 204,910
SHAREHOLDERS' FUNDS 198,565 205,010

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

BALANCE SHEET - continued
31 MARCH 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 31 December 2018 and were signed by:





R E Boyns - Director


BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Boyns Information Systems Ltd is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% Straight Line
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% Straight Line
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the
profit and loss account over the expected useful live of the assets concerned. Other grants are credited
to the profit and loss account as the related expenditure is incurred.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 9 ) .

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 22,328
AMORTISATION
At 1 April 2017
and 31 March 2018 22,328
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2017 202,687 108,914 35,318 48,714 395,633
Disposals - - - (6,975 ) (6,975 )
At 31 March 2018 202,687 108,914 35,318 41,739 388,658
DEPRECIATION
At 1 April 2017 16,285 58,420 6,777 23,088 104,570
Charge for year 8,104 12,669 3,521 6,219 30,513
Eliminated on disposal - - - (6,083 ) (6,083 )
At 31 March 2018 24,389 71,089 10,298 23,224 129,000
NET BOOK VALUE
At 31 March 2018 178,298 37,825 25,020 18,515 259,658
At 31 March 2017 186,402 50,494 28,541 25,626 291,063

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2017
and 31 March 2018 2,200
NET BOOK VALUE
At 31 March 2018 2,200
At 31 March 2017 2,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 33,210 37,507
Other debtors 3,653 3,562
36,863 41,069

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 6,588 8,784
Trade creditors 18,102 21,341
Taxation and social security 21,132 17,366
Other creditors 25,381 31,326
71,203 78,817

Included in other creditors are amounts due in respect of deferred government grants in the sum of
£5,661 (2017: £6,082)

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 5,856

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 6,588 14,640

The amounts due under hire purchase contracts of £6,588 (2017: £14,640) are secured on the assets
they are financing. They are repayable in monthly instalments over the period of the agreement.

11. ACCRUALS AND DEFERRED INCOME
2018 2017
£    £   
Deferred government grants 67,685 73,013

The government grant above is to be released to the profit and loss account over the lifetime of the
assets it relates to at rates equivalent to the depreciation policies of the assets, this rate being between
4% and 25% per year.

12. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £13,031 (2017: £1,146) due to Mr R E Boyns, director.

13. CONTROLLING PARTY

The company is under the control of Mr R Boyns and Mrs E Boyns who between them own 100% of
the share capital of the company.