Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI026639 Mr Philip James Castles Mr George Robert Walker Miss Claire Angela Mary Walker Ms Yvonne Gowdy Miss Claire Angela Mary Walker George R Walker Discretionary Settlement Trust true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI026639 2022-12-31 NI026639 2023-12-31 NI026639 2023-01-01 2023-12-31 NI026639 frs-core:CurrentFinancialInstruments 2023-12-31 NI026639 frs-core:MotorVehicles 2023-12-31 NI026639 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI026639 frs-core:MotorVehicles 2022-12-31 NI026639 frs-core:ShareCapital 2023-12-31 NI026639 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI026639 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI026639 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI026639 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI026639 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI026639 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI026639 1 2023-01-01 2023-12-31 NI026639 frs-bus:Director1 2023-01-01 2023-12-31 NI026639 frs-bus:Director2 2023-01-01 2023-12-31 NI026639 frs-bus:Director3 2023-01-01 2023-12-31 NI026639 frs-bus:Director4 2023-01-01 2023-12-31 NI026639 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 NI026639 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI026639 2021-12-31 NI026639 2022-12-31 NI026639 2022-01-01 2022-12-31 NI026639 frs-core:CurrentFinancialInstruments 2022-12-31 NI026639 frs-core:ShareCapital 2022-12-31 NI026639 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI026639
South Antrim Boiler Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI026639
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 184,780 261,375
Cash at bank and in hand 947,042 751,638
1,131,822 1,013,013
Creditors: Amounts Falling Due Within One Year 6 (228,841 ) (217,004 )
NET CURRENT ASSETS (LIABILITIES) 902,981 796,009
TOTAL ASSETS LESS CURRENT LIABILITIES 902,981 796,009
NET ASSETS 902,981 796,009
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 902,881 795,909
SHAREHOLDERS' FUNDS 902,981 796,009
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr George Robert Walker
Director
13 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
South Antrim Boiler Services Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI026639 . The registered office is 7 - 15 Enterprise Crescent, Lisburn, BT28 2BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 2
Page 3
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 January 2023 79,183
As at 31 December 2023 79,183
Depreciation
As at 1 January 2023 79,183
As at 31 December 2023 79,183
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 49,633 169,780
Amounts owed by group undertakings 90,628 91,057
Other debtors 44,519 538
184,780 261,375
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 102,529 122,647
Amounts owed to group undertakings 79,861 48,766
Other creditors 9,643 9,762
Taxation and social security 36,808 35,829
228,841 217,004
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Amounts owed to / (by) South Antrim Boiler Services Limited at Year End
£
Transactions with controlling entity
(79,861)
Transactions with other group companies
90,628
9. Ultimate Controlling Party
The company's ultimate controlling party is George R Walker Discretionary Settlement Trust . The Company is controlled by Boilerhouse Services Ltd, a company registered in Northern Ireland, which owns 100% of the called up share capital in the company.
Page 3