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Company registration number: SC558974
President Boilers Ltd
Unaudited filleted financial statements
28 February 2023
President Boilers Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
President Boilers Ltd
Directors and other information
Director Kevon Ritchie
Company number SC558974
Registered office 41 Prinlaws Road
Leslie
Fife
KY6 3BL
Accountants Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
Bankers Lloyds TSB
7-9 Postgate
Glenrothes
Scotland
KY7 5LH
President Boilers Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of President Boilers Ltd
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of President Boilers Ltd for the year ended 28 February 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of President Boilers Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of President Boilers Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than President Boilers Ltd and its director as a body for our work or for this report.
It is your duty to ensure that President Boilers Ltd 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 loss of President Boilers Ltd. You consider that President Boilers Ltd 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 President Boilers Ltd. 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.
Paterson Boyd & Co
Chartered Certified Accountants
18 North Street
Glenrothes
Fife
KY7 5NA
23 November 2023
President Boilers Ltd
Statement of financial position
28 February 2023
2023 2022
£ £ £ £
Fixed assets 1,281 1,674
_______ _______
Current assets 59,570 39,291
Prepayments and accrued income - 82
_______ _______
59,570 39,373
Creditors: amounts falling due within one year ( 64,001) ( 35,657)
_______ _______
Net current (liabilities)/assets ( 4,431) 3,716
_______ _______
Total assets less current liabilities ( 3,150) 5,390
Accruals and deferred income ( 1,115) ( 2,540)
_______ _______
Net (liabilities)/assets ( 4,265) 2,850
_______ _______
Capital and reserves ( 4,265) 2,850
_______ _______
Notes to the financial statements
President Boilers Ltd
Year ended 28 February 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 23 November 2023 , and are signed on behalf of the board by:
Kevon Ritchie
Director
The company is a private company limited by shares, registered in Scotland.