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REGISTERED NUMBER: 04721468 (England and Wales)









BOYNS INFORMATION SYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019






BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BOYNS INFORMATION SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







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)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 233,948 259,658
Investments 6 2,200 2,200
236,148 261,858

CURRENT ASSETS
Stocks 3,252 13,047
Debtors 7 23,108 36,863
Cash at bank and in hand 73,194 37,333
99,554 87,243
CREDITORS
Amounts falling due within one year 8 61,071 71,203
NET CURRENT ASSETS 38,483 16,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,631

277,898

PROVISIONS FOR LIABILITIES (11,095 ) (11,648 )

ACCRUALS AND DEFERRED
INCOME

10

(63,720

)

(67,685

)
NET ASSETS 199,816 198,565

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 199,716 198,465
SHAREHOLDERS' FUNDS 199,816 198,565

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 10 October 2019 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 2019


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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 Statement of
Income and Retained Earnings, 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 statement of financial position date.


BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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 (2018 - 6 ) .

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2018
and 31 March 2019 22,328
AMORTISATION
At 1 April 2018
and 31 March 2019 22,328
NET BOOK VALUE
At 31 March 2019 -
At 31 March 2018 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2018
and 31 March 2019 202,687 108,914 35,318 41,739 388,658
DEPRECIATION
At 1 April 2018 24,389 71,089 10,298 23,224 129,000
Charge for year 8,104 9,456 3,521 4,629 25,710
At 31 March 2019 32,493 80,545 13,819 27,853 154,710
NET BOOK VALUE
At 31 March 2019 170,194 28,369 21,499 13,886 233,948
At 31 March 2018 178,298 37,825 25,020 18,515 259,658

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2018
and 31 March 2019 2,200
NET BOOK VALUE
At 31 March 2019 2,200
At 31 March 2018 2,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 19,529 33,210
Other debtors 3,579 3,653
23,108 36,863

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Included in other creditors are amounts due in respect of deferred government grants in the sum of
£4,530 (2018: £5,661)

9. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Hire purchase contracts - 6,588

The amounts due under hire purchase contracts of £NIL (2018: £6,588) are secured on the assets they
are financing. They are repayable in monthly instalments over the period of the agreement.

10. ACCRUALS AND DEFERRED INCOME
2019 2018
£    £   
Deferred government grants 63,720 67,685

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.

BOYNS INFORMATION SYSTEMS LTD (REGISTERED NUMBER: 04721468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


11. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £2,614 (2018: £13,031) due to Mr R E Boyns, director.

12. 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.