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 2018

FOR

THE BOILER ENGINEER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr W Chapman

REGISTERED OFFICE:

Unit 18

Ellingham Way

Ellingham Industrial Estate

Ashford

Kent

TN23 6NF

REGISTERED NUMBER:

06104890 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership Ltd

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Intangible assets

4

14,000

16,000

Tangible assets

5

18,806

9,642

32,806

25,642

CURRENT ASSETS

Debtors

6

32,098

26,829

Cash at bank

61,101

33,547

93,199

60,376

CREDITORS

Amounts falling due within one year

7

82,789

60,774

NET CURRENT ASSETS/(LIABILITIES)

10,410

(398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,216

25,244

CREDITORS

Amounts falling due after more than one year

8

9,114

-

NET ASSETS

34,102

25,244

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

34,101

25,243

34,102

25,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 July 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

25% on reducing balance and 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.

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

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 7 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

20,000

AMORTISATION

At 1 April 2017

4,000

Charge for year

2,000

At 31 March 2018

6,000

NET BOOK VALUE

At 31 March 2018

14,000

At 31 March 2017

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

13,587

Additions

15,075

At 31 March 2018

28,662

DEPRECIATION

At 1 April 2017

3,945

Charge for year

5,911

At 31 March 2018

9,856

NET BOOK VALUE

At 31 March 2018

18,806

At 31 March 2017

9,642

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

Plant and

machinery

etc

£

COST

Additions

15,075

At 31 March 2018

15,075

DEPRECIATION

Charge for year

3,769

At 31 March 2018

3,769

NET BOOK VALUE

At 31 March 2018

11,306

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

31,093

25,824

Other debtors

1,005

1,005

32,098

26,829

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

2,956

-

Trade creditors

38,355

12,164

Taxation and social security

14,044

15,583

Other creditors

27,434

33,027

82,789

60,774

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

9,114

-