A10 Boiler Spares Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06759262 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

A10 BOILER SPARES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P D Vicary

Mrs D A Vicary

REGISTERED OFFICE:

7 Cheapside

Palmers Green

London

N13 5ED

REGISTERED NUMBER:

06759262 (England and Wales)

ACCOUNTANTS:

Abbey

Old Bishops' College

Churchgate

Cheshunt

Hertfordshire

EN8 9XP

FIXED ASSETS

Intangible assets

4

-

57,500

Tangible assets

5

1,559,645

1,157,356

Investments

6

125,000

-

1,684,645

1,214,856

CURRENT ASSETS

Stocks

1,581,938

1,204,376

Debtors

7

1,618,797

1,577,569

Cash at bank and in hand

819,273

1,095,097

4,020,008

3,877,042

CREDITORS

Amounts falling due within one year

8

1,519,507

1,449,293

NET CURRENT ASSETS

2,500,501

2,427,749

TOTAL ASSETS LESS CURRENT LIABILITIES

4,185,146

3,642,605

PROVISIONS FOR LIABILITIES

22,788

11,779

NET ASSETS

4,162,358

3,630,826

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,162,258

3,630,726

SHAREHOLDERS' FUNDS

4,162,358

3,630,826

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 directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2019 and were signed on its behalf by:

P D Vicary - Director

1.	STATUTORY INFORMATION

A10 Boiler Spares Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost and 10% on cost

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 Profit and Loss Account,

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2018 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

575,000

AMORTISATION

At 1 April 2018

517,500

Charge for year

57,500

At 31 March 2019

575,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

57,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2018

1,043,086

310,514

1,353,600

Additions

364,190

115,118

479,308

Disposals

-

(37,425

)

(37,425

)

At 31 March 2019

1,407,276

388,207

1,795,483

DEPRECIATION

At 1 April 2018

13,212

183,032

196,244

Charge for year

9,074

65,893

74,967

Eliminated on disposal

-

(35,373

)

(35,373

)

At 31 March 2019

22,286

213,552

235,838

NET BOOK VALUE

At 31 March 2019

1,384,990

174,655

1,559,645

At 31 March 2018

1,029,874

127,482

1,157,356

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2019

2018

£

£

Classic car

125,000

-

Other investments are reflected at historical cost rather than fair value at the year end as the difference between

historical cost and fair value is considered to be immaterial.

7.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

1,384,418

1,470,285

Other debtors

193,379

107,284

1,577,797

1,577,569

Amounts falling due after more than one year:

Other debtors

41,000

-

Aggregate amounts

1,618,797

1,577,569

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,237,018

1,190,287

Taxation and social security

167,861

201,198

Other creditors

114,628

57,808

1,519,507

1,449,293

9.	RELATED PARTY DISCLOSURES