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 2022

for

THE BOILER ENGINEER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

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

42 Cudworth Road

Willesborough

Ashford

Kent

TN24 0BG

FIXED ASSETS

Intangible assets

4

6,000

8,000

Tangible assets

5

33,566

41,742

39,566

49,742

CURRENT ASSETS

Debtors

6

20,644

14,071

Cash at bank

117,054

96,636

137,698

110,707

CREDITORS

Amounts falling due within one year

7

128,018

130,253

NET CURRENT ASSETS/(LIABILITIES)

9,680

(19,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,246

30,196

PROVISIONS FOR LIABILITIES

6,368

-

NET ASSETS

42,878

30,196

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

42,877

30,195

42,878

30,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 25 May 2022 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.

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 10 (2021 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

20,000

AMORTISATION

At 1 April 2021

12,000

Amortisation for year

2,000

At 31 March 2022

14,000

NET BOOK VALUE

At 31 March 2022

6,000

At 31 March 2021

8,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2021

259

467

74,126

2,891

77,743

Additions

913

-

-

1,572

2,485

At 31 March 2022

1,172

467

74,126

4,463

80,228

DEPRECIATION

At 1 April 2021

161

255

33,859

1,726

36,001

Charge for year

152

32

10,067

410

10,661

At 31 March 2022

313

287

43,926

2,136

46,662

NET BOOK VALUE

At 31 March 2022

859

180

30,200

2,327

33,566

At 31 March 2021

98

212

40,267

1,165

41,742

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

as

restated

£

£

Trade debtors

14,990

1,535

Other debtors

5,654

10,304

Tax

-

2,232

20,644

14,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

as

restated

£

£

Bank loans and overdrafts

42,094

50,000

Trade creditors

54,075

50,961

Tax

11,939

3,365

Social security and other taxes

3,260

3,083

VAT

11,322

5,996

Pension payable

669

-

Directors' current accounts

409

12,718

Accrued expenses

4,250

4,130

128,018

130,253

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Boiler Engineer Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of The Boiler Engineer Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Boiler Engineer Limited and state those matters that we have agreed to state to the director of The Boiler Engineer Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that The Boiler Engineer Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Boiler Engineer Limited. You consider that The Boiler Engineer Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Boiler Engineer Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MMP Accounting Solutions Ltd

Chartered Certified Accountants

42 Cudworth Road

Willesborough

Ashford

Kent

TN24 0BG

25 May 2022