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REGISTERED NUMBER: 11624290 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Boost Plumbing & Heating Ltd

Boost Plumbing & Heating Ltd (Registered number: 11624290)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boost Plumbing & Heating Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: D S Miran





REGISTERED OFFICE: Flat 24
Forbes Court
Woodland Road
London
SE19 1PJ





REGISTERED NUMBER: 11624290 (England and Wales)





ACCOUNTANTS: KS Accountancy Services Limited
22 Lyndhurst Road
Thornton Heath
CR7 7PU

Boost Plumbing & Heating Ltd (Registered number: 11624290)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,496 50,427

CURRENT ASSETS
Stocks 25,875 -
Debtors 5 49,682 21,175
Cash at bank and in hand 7,125 48,277
82,682 69,452
CREDITORS
Amounts falling due within one year 6 86,248 37,171
NET CURRENT (LIABILITIES)/ASSETS (3,566 ) 32,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,930

82,708

CREDITORS
Amounts falling due after more than
one year

7

34,145

74,837
NET ASSETS 9,785 7,871

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,685 7,771
SHAREHOLDERS' FUNDS 9,785 7,871

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Boost Plumbing & Heating Ltd (Registered number: 11624290)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





D S Miran - Director


Boost Plumbing & Heating Ltd (Registered number: 11624290)

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

1. STATUTORY INFORMATION

Boost Plumbing & Heating 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. 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

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 - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Boost Plumbing & Heating Ltd (Registered number: 11624290)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 54,503
Additions 2,183
At 31 October 2023 56,686
DEPRECIATION
At 1 November 2022 4,076
Charge for year 5,114
At 31 October 2023 9,190
NET BOOK VALUE
At 31 October 2023 47,496
At 31 October 2022 50,427

Boost Plumbing & Heating Ltd (Registered number: 11624290)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 22,550 21,175
Other debtors 4,500 -
Prepayments and accrued income 22,632 -
49,682 21,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 7,600 -
Hire purchase contracts 12,746 -
Tax 12,949 7,589
Social security and other taxes 9,554 5,715
VAT 22,342 13,345
Net wages - 4,328
Directors' current accounts 19,257 4,394
Accruals and deferred income 1,800 1,800
86,248 37,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years 19,633 34,833
Hire purchase contracts 14,512 40,004
34,145 74,837