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REGISTERED NUMBER: 01995397 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

STEAM BOILERS (LEICESTER) LIMITED

STEAM BOILERS (LEICESTER) LIMITED (REGISTERED NUMBER: 01995397)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STEAM BOILERS (LEICESTER) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2022







DIRECTOR: J R Atkins





REGISTERED OFFICE: 68 Amy Street
Leicester
LE3 2FB





REGISTERED NUMBER: 01995397 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Unit 8 Oak Spinney Park
Ratby Lane
Leicester Forest East
Leicester
LE3 3AW

STEAM BOILERS (LEICESTER) LIMITED (REGISTERED NUMBER: 01995397)

BALANCE SHEET
31 May 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,033 8,044
6,033 8,044

CURRENT ASSETS
Stocks 15,000 43,000
Debtors 6 14,827 5,598
Cash at bank 26,978 1,070
56,805 49,668
CREDITORS
Amounts falling due within one year 7 42,810 14,395
NET CURRENT ASSETS 13,995 35,273
TOTAL ASSETS LESS CURRENT LIABILITIES 20,028 43,317

CREDITORS
Amounts falling due after more than one year 8 - (3,089 )

PROVISIONS FOR LIABILITIES (1,146 ) (1,529 )
NET ASSETS 18,882 38,699

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,782 38,599
SHAREHOLDERS' FUNDS 18,882 38,699

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 14 September 2022 and were signed by:




J R Atkins - Director


STEAM BOILERS (LEICESTER) LIMITED (REGISTERED NUMBER: 01995397)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2022

1. STATUTORY INFORMATION

Steam Boilers (Leicester) 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 and represents the amount receivable for goods supplied, net of returns, discounts, valued added tax and other sales taxes.

Goodwill
Goodwill, being the amount pain in connection with the acquisition of a business in 2003, was amortised evenly over its estimated useful life of ten 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
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Plant and machinery25% per annum on net book amount
Motor vehicles25% per annum on net book amount

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

STEAM BOILERS (LEICESTER) LIMITED (REGISTERED NUMBER: 01995397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2021
and 31 May 2022 45,000
AMORTISATION
At 1 June 2021
and 31 May 2022 45,000
NET BOOK VALUE
At 31 May 2022 -
At 31 May 2021 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2021
and 31 May 2022 25,163 17,400 42,563
DEPRECIATION
At 1 June 2021 24,459 10,060 34,519
Charge for year 176 1,835 2,011
At 31 May 2022 24,635 11,895 36,530
NET BOOK VALUE
At 31 May 2022 528 5,505 6,033
At 31 May 2021 704 7,340 8,044

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 10,219 2,528
VAT - 745
Prepayments 4,608 2,325
14,827 5,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 3,089 3,707
Trade creditors 2,291 3,035
Tax - 720
Social security and other taxes 336 69
VAT 5,201 -
Directors' current accounts 31,893 6,864
42,810 14,395

STEAM BOILERS (LEICESTER) LIMITED (REGISTERED NUMBER: 01995397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 3,089

9. ULTIMATE CONTROLLING PARTY

The company is controlled by J R Atkins, the director of the company, by virtue of his shareholding.