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REGISTERED NUMBER: 08585002 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Industrial Boiler Services (UK) Ltd

Industrial Boiler Services (UK) Ltd (Registered number: 08585002)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Industrial Boiler Services (UK) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G Oxley
Mrs M A Oxley





REGISTERED OFFICE: Stargazer
Sudbury Road
Little Whelnetham
Bury St Edmunds
Suffolk
IP30 0UL





REGISTERED NUMBER: 08585002 (England and Wales)





ACCOUNTANTS: Sarah Place Accountants Ltd
Unit 4b
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS

Industrial Boiler Services (UK) Ltd (Registered number: 08585002)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 89,401 102,110

CURRENT ASSETS
Inventories 192,008 162,063
Debtors 5 1,744,074 889,298
Cash at bank and in hand 330,129 21,021
2,266,211 1,072,382
CREDITORS
Amounts falling due within one year 6 1,440,446 1,038,736
NET CURRENT ASSETS 825,765 33,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

915,166

135,756

CREDITORS
Amounts falling due after more than one
year

7

(11,564

)

(34,992

)

PROVISIONS FOR LIABILITIES (13,720 ) (15,170 )
NET ASSETS 889,882 85,594

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 889,880 85,592
SHAREHOLDERS' FUNDS 889,882 85,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Industrial Boiler Services (UK) Ltd (Registered number: 08585002)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





G Oxley - Director


Industrial Boiler Services (UK) Ltd (Registered number: 08585002)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Industrial Boiler Services (UK) Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2022 - 17 ) .

Industrial Boiler Services (UK) Ltd (Registered number: 08585002)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 - 205,294 205,294
Additions 4,517 12,490 17,007
Disposals - (7,991 ) (7,991 )
At 31 March 2023 4,517 209,793 214,310
DEPRECIATION
At 1 April 2022 - 103,184 103,184
Charge for year - 28,294 28,294
Eliminated on disposal - (6,569 ) (6,569 )
At 31 March 2023 - 124,909 124,909
NET BOOK VALUE
At 31 March 2023 4,517 84,884 89,401
At 31 March 2022 - 102,110 102,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 768,944 291,312
Other debtors 975,130 597,986
1,744,074 889,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 198,836
Hire purchase contracts 23,428 24,678
Trade creditors 868,780 628,728
Taxation and social security 495,522 159,661
Other creditors 52,716 26,833
1,440,446 1,038,736

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 11,564 34,992

Industrial Boiler Services (UK) Ltd (Registered number: 08585002)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
G Oxley and Mrs M A Oxley
Balance outstanding at start of year 365,444 236,560
Amounts advanced 448,271 295,048
Amounts repaid (256,708 ) (166,164 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 557,007 365,444