Boardman Transformers Limited 00624978 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Manufacturers of Transformers Digita Accounts Production Advanced 6.30.9574.0 true 00624978 2022-04-01 2023-03-31 00624978 2023-03-31 00624978 core:CapitalRedemptionReserve 2023-03-31 00624978 core:RetainedEarningsAccumulatedLosses 2023-03-31 00624978 core:ShareCapital 2023-03-31 00624978 core:CurrentFinancialInstruments 2023-03-31 00624978 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00624978 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 00624978 core:FurnitureFittingsToolsEquipment 2023-03-31 00624978 core:MotorVehicles 2023-03-31 00624978 core:OtherPropertyPlantEquipment 2023-03-31 00624978 bus:SmallEntities 2022-04-01 2023-03-31 00624978 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 00624978 bus:FullAccounts 2022-04-01 2023-03-31 00624978 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 00624978 bus:RegisteredOffice 2022-04-01 2023-03-31 00624978 bus:Director1 2022-04-01 2023-03-31 00624978 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00624978 core:FurnitureFittings 2022-04-01 2023-03-31 00624978 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 00624978 core:MotorVehicles 2022-04-01 2023-03-31 00624978 core:OfficeEquipment 2022-04-01 2023-03-31 00624978 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 00624978 core:PlantMachinery 2022-04-01 2023-03-31 00624978 countries:EnglandWales 2022-04-01 2023-03-31 00624978 2022-03-31 00624978 core:FurnitureFittingsToolsEquipment 2022-03-31 00624978 core:MotorVehicles 2022-03-31 00624978 core:OtherPropertyPlantEquipment 2022-03-31 00624978 2021-04-01 2022-03-31 00624978 2022-03-31 00624978 core:CapitalRedemptionReserve 2022-03-31 00624978 core:RetainedEarningsAccumulatedLosses 2022-03-31 00624978 core:ShareCapital 2022-03-31 00624978 core:CurrentFinancialInstruments 2022-03-31 00624978 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 00624978 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 00624978 core:FurnitureFittingsToolsEquipment 2022-03-31 00624978 core:MotorVehicles 2022-03-31 00624978 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 00624978

Boardman Transformers Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Boardman Transformers Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Boardman Transformers Limited

(Registration number: 00624978)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

216,673

201,177

Current assets

 

Stocks

95,992

106,000

Debtors

5

1,103,770

1,269,809

Cash at bank and in hand

 

238,137

3,317

 

1,437,899

1,379,126

Creditors: Amounts falling due within one year

6

(617,811)

(679,942)

Net current assets

 

820,088

699,184

Total assets less current liabilities

 

1,036,761

900,361

Creditors: Amounts falling due after more than one year

6

(20,478)

(31,126)

Net assets

 

1,016,283

869,235

Capital and reserves

 

Called up share capital

1,500

1,500

Capital redemption reserve

5,995

5,995

Profit and loss account

1,008,788

861,740

Shareholders' funds

 

1,016,283

869,235

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Boardman Transformers Limited

(Registration number: 00624978)
Balance Sheet as at 31 March 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and the directors report has been taken.

Approved and authorised by the director on 30 November 2023
 

.........................................
Mr P Boardman
Director

 

Boardman Transformers Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 1 & 2
Low Mill Business Park
Watery Lane
Ulverston
Cumbria
LA12 9EE
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

 

Boardman Transformers Limited

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

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Furniture and fittings

15% straight line

Motor vehicles

25% straight line

Office equipment

33% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2022 - 15).

 

Boardman Transformers Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

3,693

78,678

433,384

515,755

Additions

17,244

-

52,988

70,232

Disposals

-

-

(23,581)

(23,581)

At 31 March 2023

20,937

78,678

462,791

562,406

Depreciation

At 1 April 2022

3,301

11,082

300,196

314,579

Charge for the year

2,083

19,670

21,300

43,053

Eliminated on disposal

-

-

(11,899)

(11,899)

At 31 March 2023

5,384

30,752

309,597

345,733

Carrying amount

At 31 March 2023

15,553

47,926

153,194

216,673

At 31 March 2022

392

67,596

133,189

201,177

5

Debtors

Note

2023
£

2022
£

Trade debtors

 

803,153

637,897

Amounts owed by group undertakings

299,805

581,811

Other debtors

 

812

50,101

 

1,103,770

1,269,809

 

Boardman Transformers Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

10,000

10,000

Trade creditors

 

391,464

376,609

Taxation and social security

 

104,684

89,227

Other creditors

 

111,663

204,106

 

617,811

679,942

Due after one year

 

Loans and borrowings

20,478

31,126

Other Creditors include debts which are secured of £20,617 (2022 - £85,486).