Registered number
09353953
Ben Bowers Heating Solutions Limited
Filleted Accounts
31 December 2023
Ben Bowers Heating Solutions Limited
Registered number: 09353953
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,690 3,995
Current assets
Stocks - 10,300
Debtors 4 23,947 24,642
23,947 34,942
Creditors: amounts falling due within one year 5 (21,657) (15,082)
Net current assets 2,290 19,860
Total assets less current liabilities 21,980 23,855
Creditors: amounts falling due after more than one year 6 (36,630) (42,001)
Net liabilities (14,650) (18,146)
Capital and reserves
Called up share capital 100 100
Profit and loss account (14,750) (18,246)
Shareholders' funds (14,650) (18,146)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Bowers
Director
Approved by the board on 28 February 2024
Ben Bowers Heating Solutions Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment over five years
Showroom over five years
Motor vehicles over five years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 3
3 Tangible fixed assets
Plant and equipment Showroom Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 17,426 9,683 9,578 36,687
Additions 21,518 - - 21,518
At 31 December 2023 38,944 9,683 9,578 58,205
Depreciation
At 1 January 2023 16,131 9,683 6,878 32,692
Charge for the year 4,923 - 900 5,823
At 31 December 2023 21,054 9,683 7,778 38,515
Net book value
At 31 December 2023 17,890 - 1,800 19,690
At 31 December 2022 1,295 - 2,700 3,995
4 Debtors 2023 2022
£ £
Trade debtors 895 3,202
Amounts owed by group undertakings and undertakings in which the company has a participating interest 12,848 -
Directors loan account 9,863 7,580
Other debtors 341 13,860
23,947 24,642
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,157 6,365
Trade creditors - 3,207
Taxation and social security costs - 1,928
Other creditors 18,500 3,582
21,657 15,082
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 36,630 42,001
7 Related party transactions 2023 2022
£ £
BB Heating Services Limited
Sales during year to related company - 7,645
8 Controlling party
The company is controlled by the director.
9 Other information
Ben Bowers Heating Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wimber Hill
Dingle Lane, Hillend
Twyning
Tewkesbury
Glos
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