The Boiler Engineer Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06104890 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2024

for

THE BOILER ENGINEER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr W Chapman

Ms T Dixon

Mr R A Peters

REGISTERED OFFICE:

Unit 18

Ellingham Way

Ellingham Industrial Estate

Ashford

Kent

TN23 6NF

REGISTERED NUMBER:

06104890 (England and Wales)

ACCOUNTANTS:

MMP Accounting Solutions Ltd

Unit 34 Basepoint

Shearway Business Park

Folkestone

Kent

CT19 4RH

FIXED ASSETS

Intangible assets

4

2,000

4,000

Tangible assets

5

36,974

46,731

38,974

50,731

CURRENT ASSETS

Debtors

6

14,711

16,780

Cash at bank and in hand

130,808

82,967

145,519

99,747

CREDITORS

Amounts falling due within one year

7

107,195

96,411

NET CURRENT ASSETS

38,324

3,336

TOTAL ASSETS LESS CURRENT LIABILITIES

77,298

54,067

CREDITORS

Amounts falling due after more than one year

8

(11,199

)

(15,129

)

PROVISIONS FOR LIABILITIES

(7,019

)

(8,871

)

NET ASSETS

59,080

30,067

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

58,978

29,965

59,080

30,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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 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 12 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2023

and 31 March 2024

20,000

AMORTISATION

At 1 April 2023

16,000

Amortisation for year

2,000

At 31 March 2024

18,000

NET BOOK VALUE

At 31 March 2024

2,000

At 31 March 2023

4,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2023

1,172

467

94,444

4,239

100,322

Additions

2,561

-

3,755

-

6,316

Disposals

-

-

(15,040

)

-

(15,040

)

At 31 March 2024

3,733

467

83,159

4,239

91,598

DEPRECIATION

At 1 April 2023

442

314

51,238

1,597

53,591

Charge for year

493

23

10,601

396

11,513

Eliminated on disposal

-

-

(10,480

)

-

(10,480

)

At 31 March 2024

935

337

51,359

1,993

54,624

NET BOOK VALUE

At 31 March 2024

2,798

130

31,800

2,246

36,974

At 31 March 2023

730

153

43,206

2,642

46,731

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

Motor

vehicles

£

COST

At 1 April 2023

and 31 March 2024

24,351

DEPRECIATION

At 1 April 2023

6,088

Charge for year

4,566

At 31 March 2024

10,654

NET BOOK VALUE

At 31 March 2024

13,697

At 31 March 2023

18,263

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

14,711

15,775

Other debtors

-

1,005

14,711

16,780

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans and overdrafts

22,439

32,389

Hire purchase contracts

3,930

3,649

Trade creditors

51,606

37,876

Tax

10,210

-

Social security and other taxes

3,028

3,966

VAT

10,123

13,256

Pension payable

466

522

Directors' current accounts

393

43

Accrued expenses

5,000

4,710

107,195

96,411

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.24

31.3.23

£

£

Hire purchase contracts

11,199

15,129

The following reproduces the text of the report prepared for the directors 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 Directors 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 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Boiler Engineer Limited, as a body, 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 Board of Directors of The Boiler Engineer Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Boiler Engineer Limited and its Board of Directors, as a body, 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

Unit 34 Basepoint

Shearway Business Park

Folkestone

Kent

CT19 4RH

28 May 2024