IRIS Accounts Production v23.3.0.418 OC377912 designated member 1.4.22 31.3.23 31.3.23 23.11.23 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3779122022-03-31OC3779122023-03-31OC3779122022-04-012023-03-31OC3779122021-03-31OC3779122021-04-012022-03-31OC3779122022-03-31OC377912ns10:Originalns15:EnglandWales2022-04-012023-03-31OC377912ns14:PoundSterlingns10:Original2022-04-012023-03-31OC377912ns10:Originalns10:Director12022-04-012023-03-31OC377912ns10:Original2022-04-012023-03-31OC377912ns10:Original2023-03-31OC377912ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC377912ns10:Originalns10:SmallEntities2022-04-012023-03-31OC377912ns10:Originalns10:Audited2022-04-012023-03-31OC377912ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31OC377912ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-04-012023-03-31OC377912ns10:Originalns10:FullAccounts2022-04-012023-03-31OC377912ns10:Original12022-04-012023-03-31OC377912ns10:Originalns10:Director22022-04-012023-03-31OC377912ns10:Originalns10:RegisteredOffice2022-04-012023-03-31OC377912ns10:Original2022-03-31OC377912ns10:Originalns5:CurrentFinancialInstruments2023-03-31OC377912ns10:Originalns5:CurrentFinancialInstruments2022-03-31OC377912ns10:Originalns5:Non-currentFinancialInstruments2023-03-31OC377912ns10:Originalns5:Non-currentFinancialInstruments2022-03-31OC377912ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-31OC377912ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-31OC377912ns10:Original2021-04-012022-03-31OC377912ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-03-31OC377912ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-31OC377912ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-03-31OC377912ns10:Originalns5:PlantMachinery2022-03-31OC377912ns10:Originalns5:PlantMachinery2022-04-012023-03-31OC377912ns10:Originalns5:PlantMachinery2023-03-31OC377912ns10:Originalns5:PlantMachinery2022-03-31OC377912ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC377912ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31OC377912ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-31OC377912ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-03-31
REGISTERED NUMBER: OC377912 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

A SHADE GREENER (BOILERS) LLP

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A SHADE GREENER (BOILERS) LLP

GENERAL INFORMATION
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Boiler for Life Limited
Everlasting Boiler Limited



REGISTERED OFFICE: Sterling House
Maple Court, Maple Road
Tankersley
Barnsley
S75 3DP



REGISTERED NUMBER: OC377912 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Throssell FCA



AUDITORS: Hebblethwaites
Chartered Accountants & Statutory Auditors
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,035 58,369
Tangible assets 5 3,588,252 4,661,088
3,648,287 4,719,457

CURRENT ASSETS
Stocks 50,598 83,674
Debtors: amounts falling due within one year 6 1,535,946 1,950,552
Debtors: amounts falling due after more than one
year

6

1,001,756

1,781,588
Cash at bank and in hand 478,250 751,264
3,066,550 4,567,078
CREDITORS
Amounts falling due within one year 7 3,288,111 3,834,740
NET CURRENT (LIABILITIES)/ASSETS (221,561 ) 732,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,426,726

5,451,795

CREDITORS
Amounts falling due after more than one year 8 3,426,626 5,282,057
NET ASSETS ATTRIBUTABLE TO MEMBERS 100 169,738

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

-

169,638

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
100 169,738

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 - 169,638
Members' other interests 100 100
Amounts due from members 6 (34,214 ) -
(34,114 ) 169,738

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 November 2023 and were signed by:





Boiler for Life Limited - Designated member

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

A Shade Greener (Boilers) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The members acknowledge that there is a net current liability position at the balance sheet date. The members of the LLP, and the ultimate controlling party, have the means and ability to support the LLP should this be required. This support to the LLP results in the continued adoption of the going concern basis in preparing the annual financial statements.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

In the opinion of management, there are no judgement or key sources of estimation uncertainty that have a significant impact on the financial statement.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents income from the rental and maintenance of boiler systems. Turnover is recognised, net of VAT, over the term of the rental and maintenance agreements.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can only be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 and 10% on cost

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial assets, including trade and other receivables and cash and bank balances, 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 the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Members' participation rights
Members' participation rights are the rights of a member that arise under the members' agreement.

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members. Member's capital is classified as liabilities unless the LLP has an unconditional right to refuse payments to members, in which case it is classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other amounts due to members' to the extent that they exceed debts due from a specific member. All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Amounts due to members in respect of profits rank pari passu with other unsecured creditors.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 10 (2022 - 12 ) .

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022 87,055
Additions 10,900
At 31 March 2023 97,955
AMORTISATION
At 1 April 2022 28,686
Amortisation for year 9,234
At 31 March 2023 37,920
NET BOOK VALUE
At 31 March 2023 60,035
At 31 March 2022 58,369

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 April 2022 8,252,984
Additions 10,198
Disposals (459,900 )
At 31 March 2023 7,803,282
DEPRECIATION
At 1 April 2022 3,591,896
Charge for year 751,602
Eliminated on disposal (128,468 )
At 31 March 2023 4,215,030
NET BOOK VALUE
At 31 March 2023 3,588,252
At 31 March 2022 4,661,088

The gross amount of assets held for use in operating leases amounted to £7,737,781 (2022 £8,197,681).

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2017 670,781
Cost 7,132,501
7,803,282

If plant & machinery had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 7,132,501 7,582,203
Aggregate depreciation 7,132,501 7,227,974

Plant & machinery was valued on an open market basis on 31 March 2023 by S J Davies at £3,588,252 .

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 387,437 442,437
Other debtors 1,148,509 1,508,115
1,535,946 1,950,552

Amounts falling due after more than one year:
Trade debtors 1,001,756 1,781,588

Aggregate amounts 2,537,702 3,732,140

Trade debtors includes an amount of £1,603,872 (2022 £2,394,853) which relates to the net investment in finance lease contracts.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 41,648 41,699
Taxation and social security 101,516 119,486
Other creditors 3,144,947 3,673,555
3,288,111 3,834,740

A SHADE GREENER (BOILERS) LLP (REGISTERED NUMBER: OC377912)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 3,426,626 5,282,057

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other loans 5,282,057 7,008,798

Other loans are secured against the assets of the entity.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu with ordinary creditors in the event of a winding up. There are no restrictions in place in terms of the members' ability to reduce the amount of members' other interests.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor, dated 23 November 2023, was unqualified.

Andrew Throssell FCA (Senior Statutory Auditor)
For and on behalf of Hebblethwaites

12. RELATED PARTY DISCLOSURES

NWS3 LLP
31.3.23 31.3.22
£    £   
Amount due from/(to) related party at balance sheet date (3,122 ) -

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Davies.