The Boiler Engineer Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06104890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

THE BOILER ENGINEER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W Chapman

REGISTERED OFFICE:

Unit 18

Ellingham Way

Ellingham Industrial Estate

Ashford

Kent

TN23 6NF

REGISTERED NUMBER:

06104890 (England and Wales)

ACCOUNTANTS:

MMP Accounting Solutions Ltd

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Intangible assets

4

10,000

12,000

Tangible assets

5

37,924

28,844

47,924

40,844

CURRENT ASSETS

Debtors

6

24,084

26,760

Cash at bank

36,568

32,054

60,652

58,814

CREDITORS

Amounts falling due within one year

7

57,773

40,457

NET CURRENT ASSETS

2,879

18,357

TOTAL ASSETS LESS CURRENT LIABILITIES

50,803

59,201

CREDITORS

Amounts falling due after more than one year

8

27,479

17,440

NET ASSETS

23,324

41,761

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

23,323

41,760

23,324

41,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2020 and were signed by:

Mr W Chapman - Director

1.	STATUTORY INFORMATION

The Boiler Engineer 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 0, is being amortised evenly over its estimated useful life of nil years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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 profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 9 (2019 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

20,000

AMORTISATION

At 1 April 2019

8,000

Amortisation for year

2,000

At 31 March 2020

10,000

NET BOOK VALUE

At 31 March 2020

10,000

At 31 March 2019

12,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2019

259

467

40,198

2,891

43,815

Additions

-

-

16,428

-

16,428

At 31 March 2020

259

467

56,626

2,891

60,243

DEPRECIATION

At 1 April 2019

124

174

13,394

1,279

14,971

Charge for year

20

44

7,043

241

7,348

At 31 March 2020

144

218

20,437

1,520

22,319

NET BOOK VALUE

At 31 March 2020

115

249

36,189

1,371

37,924

At 31 March 2019

135

293

26,804

1,612

28,844

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2019

30,115

Additions

16,428

At 31 March 2020

46,543

DEPRECIATION

At 1 April 2019

7,222

Charge for year

6,065

At 31 March 2020

13,287

NET BOOK VALUE

At 31 March 2020

33,256

At 31 March 2019

22,893

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

17,615

25,755

Other debtors

1,005

1,005

Tax

2,232

-

Prepayments and accrued income

3,232

-

24,084

26,760

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

9,306

5,965

Trade creditors

31,135

16,851

Tax

-

2,272

Social security and other taxes

3,076

2,842

VAT

12,032

7,114

Other creditors

987

2,150

Pension payable

975

-

Directors' current accounts

262

3,263

57,773

40,457

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

27,479

17,440