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REGISTERED NUMBER: 04801616 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Varley Boiler Services Ltd

Varley Boiler Services Ltd (Registered number: 04801616)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Varley Boiler Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J H Varley
C W Varley





REGISTERED OFFICE: Gill Grange (Former Vicarage)
Gill Lane
Cowling
Keighley
West Yorkshire
BD22 0DD





REGISTERED NUMBER: 04801616 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Varley Boiler Services Ltd (Registered number: 04801616)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 78,113 97,189

CURRENT ASSETS
Stocks 6 51,000 50,000
Debtors 7 205,845 338,949
Cash at bank 291,907 279,117
548,752 668,066
CREDITORS
Amounts falling due within one year 8 (134,031 ) (187,664 )
NET CURRENT ASSETS 414,721 480,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,834

577,591

PROVISIONS FOR LIABILITIES 9 (14,585 ) (18,154 )
NET ASSETS 478,249 559,437

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 478,149 559,337
SHAREHOLDERS' FUNDS 478,249 559,437

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

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

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 Statement of Income and Retained Earnings has not been delivered.

Varley Boiler Services Ltd (Registered number: 04801616)

Statement of Financial Position - continued
31 July 2023



The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:




J H Varley - Director



C W Varley - Director


Varley Boiler Services Ltd (Registered number: 04801616)

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

1. STATUTORY INFORMATION

Varley Boiler Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoice value of goods and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 15% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Varley Boiler Services Ltd (Registered number: 04801616)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 31,184 227,320 102,380 4,115 364,999
Additions - 1,500 - - 1,500
At 31 July 2023 31,184 228,820 102,380 4,115 366,499
DEPRECIATION
At 1 August 2022 31,184 166,638 66,000 3,988 267,810
Charge for year - 12,405 8,149 22 20,576
At 31 July 2023 31,184 179,043 74,149 4,010 288,386
NET BOOK VALUE
At 31 July 2023 - 49,777 28,231 105 78,113
At 31 July 2022 - 60,682 36,380 127 97,189

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 51,000 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 204,983 326,428
Other debtors - 10,260
Prepaid expenses 862 2,261
205,845 338,949

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 5,117 4,184
Corporate taxation 9,311 56,683
Social security and other taxes 61,729 78,072
Other creditors 4,981 9,004
Directors' current accounts 48,603 35,641
Accrued expenses 4,290 4,080
134,031 187,664

Varley Boiler Services Ltd (Registered number: 04801616)

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

9. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 14,585 18,154

Deferred
tax
£   
Balance at 1 August 2022 18,154
Credit to Statement of Income and Retained Earnings during year (3,569 )
Profit & loss account
Balance at 31 July 2023 14,585

10. CONTROL RELATIONSHIPS

The directors of the company, being equal shareholders, have equal control of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Varley Boiler Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Varley Boiler Services Ltd for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Varley Boiler Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Varley Boiler Services Ltd and state those matters that we have agreed to state to the Board of Directors of Varley Boiler Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Varley Boiler Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Varley Boiler Services 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 profit of Varley Boiler Services Ltd. You consider that Varley Boiler Services 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 Varley Boiler Services 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


24 January 2024