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REGISTERED NUMBER: 00381534 (England and Wales)






















Bostonair Limited

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31st December 2023






Bostonair Limited (Registered number: 00381534)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


Bostonair Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: M N Parkes
Mrs C Parkes
A W Sumner





REGISTERED OFFICE: Norwood House
Norwood
Beverley
HU17 9ET





REGISTERED NUMBER: 00381534 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Bostonair Limited (Registered number: 00381534)

Strategic Report
for the year ended 31st December 2023

The directors present their strategic report for the year ended 31st December 2023.

REVIEW OF BUSINESS
The Directors review the strategic plan for the company on a quarterly basis whilst at the same time monitoring key KPIs against the current year plan. We have diversified our offering from technical personnel and training supply to the aviation industry to include consultancy services and personnel supply to the wider transport sector.

The key performance indicators of the company are turnover and gross profit. Turnover for the year ended 31 December 2023 was £22,005,603 (2022 £20,609,751). Gross Profit for the same period was £4,291,914 (2022 £2,856,027). The directors consider the results for the year are satisfactory and are confident that turnover and gross margins will increase in the future.

PRINCIPAL RISKS AND UNCERTAINTIES
The management and execution of the companies strategy is subject to a number of risks. The principal business risks and uncertainties affecting the company is considered to include the recoverability of trade debtors and the impact slow payment has on cash flow. An additional risk to the business relates to exchange rate fluctuations as the business predominantly operates in countries that have Euro as their local currency. The company tries to mitigate this risk by invoicing customers in Euro where many of the related costs are incurred in Euros.

The companies operations expose it to a variety of financial risks that include exchange rate risk, credit risk, liquidity risk and interest rate risk. The company has in place a risk management program which seeks to limit adverse effects on the financial performance of the company.

ON BEHALF OF THE BOARD:





A W Sumner - Director


12th July 2024

Bostonair Limited (Registered number: 00381534)

Report of the Directors
for the year ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIVIDENDS
The directors recommended and approved a dividend of £468,766 (2022 £454,638)

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

M N Parkes
Mrs C Parkes
A W Sumner

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Smailes Goldie, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A W Sumner - Director


12th July 2024

Report of the Independent Auditors to the Members of
Bostonair Limited

Opinion
We have audited the financial statements of Bostonair Limited (the 'company') for the year ended 31st December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other matters
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Bostonair Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
-
-
-
reading the minutes of meetings of those charged with governance;enquiring of management as to
actual and potential litigation and claims; andreviewing correspondence with relevant regulators and
legal advisors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Bostonair Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Matthew Fox FCCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

12th July 2024

Bostonair Limited (Registered number: 00381534)

Income Statement
for the year ended 31st December 2023

2023 2022
Notes £    £   

TURNOVER 4 22,005,603 20,609,751

Cost of sales 17,713,689 17,753,724
GROSS PROFIT 4,291,914 2,856,027

Administrative expenses 1,573,683 1,290,564
OPERATING PROFIT 6 2,718,231 1,565,463


Interest payable and similar expenses 7 1,936 552
PROFIT BEFORE TAXATION 2,716,295 1,564,911

Tax on profit 8 835,248 445,805
PROFIT FOR THE FINANCIAL YEAR 1,881,047 1,119,106

Bostonair Limited (Registered number: 00381534)

Other Comprehensive Income
for the year ended 31st December 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 1,881,047 1,119,106


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,881,047

1,119,106

Bostonair Limited (Registered number: 00381534)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 265,144 240,689

CURRENT ASSETS
Stocks 11 211,082 118,845
Debtors 12 4,324,060 3,496,536
Cash at bank and in hand 1,828,897 1,292,651
6,364,039 4,908,032
CREDITORS
Amounts falling due within one year 13 2,181,002 2,117,202
NET CURRENT ASSETS 4,183,037 2,790,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,448,181

3,031,519

PROVISIONS FOR LIABILITIES 15 62,000 57,619
NET ASSETS 4,386,181 2,973,900

CAPITAL AND RESERVES
Called up share capital 16 88,794 88,794
Other reserves 17 (335,349 ) (335,349 )
Retained earnings 17 4,632,736 3,220,455
SHAREHOLDERS' FUNDS 4,386,181 2,973,900

The financial statements were approved by the Board of Directors and authorised for issue on 12th July 2024 and were signed on its behalf by:





A W Sumner - Director


Bostonair Limited (Registered number: 00381534)

Statement of Changes in Equity
for the year ended 31st December 2023

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1st January 2022 88,794 2,555,987 (335,349 ) 2,309,432

Changes in equity
Dividends - (454,638 ) - (454,638 )
Total comprehensive income - 1,119,106 - 1,119,106
Balance at 31st December 2022 88,794 3,220,455 (335,349 ) 2,973,900

Changes in equity
Dividends - (468,766 ) - (468,766 )
Total comprehensive income - 1,881,047 - 1,881,047
Balance at 31st December 2023 88,794 4,632,736 (335,349 ) 4,386,181

Bostonair Limited (Registered number: 00381534)

Cash Flow Statement
for the year ended 31st December 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,725,475 893,089
Interest paid (1,936 ) (552 )
Tax paid (612,970 ) (469,528 )
Net cash from operating activities 1,110,569 423,009

Cash flows from investing activities
Purchase of tangible fixed assets (101,413 ) (65,053 )
Net cash from investing activities (101,413 ) (65,053 )

Cash flows from financing activities
Amount introduced by directors (4,144 ) -
Equity dividends paid (468,766 ) (454,638 )
Net cash from financing activities (472,910 ) (454,638 )

Increase/(decrease) in cash and cash equivalents 536,246 (96,682 )
Cash and cash equivalents at
beginning of year

2

1,292,651

1,389,333

Cash and cash equivalents at end of
year

2

1,828,897

1,292,651

Bostonair Limited (Registered number: 00381534)

Notes to the Cash Flow Statement
for the year ended 31st December 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
Profit before taxation 2,716,295 1,564,911
Depreciation charges 76,958 58,494
Finance costs 1,936 552
2,795,189 1,623,957
Increase in stocks (92,237 ) (25,483 )
Increase in trade and other debtors (823,380 ) (267,329 )
Decrease in trade and other creditors (154,097 ) (438,056 )
Cash generated from operations 1,725,475 893,089

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st December 2023
31/12/23 1/1/23
£    £   
Cash and cash equivalents 1,828,897 1,292,651
Year ended 31st December 2022
31/12/22 1/1/22
£    £   
Cash and cash equivalents 1,292,651 1,389,333


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/23 Cash flow At 31/12/23
£    £    £   
Net cash
Cash at bank and in hand 1,292,651 536,246 1,828,897
1,292,651 536,246 1,828,897
Total 1,292,651 536,246 1,828,897

Bostonair Limited (Registered number: 00381534)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Bostonair Limited 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" 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements involves, in certain areas, the use of accounting estimates and management judgements. The key areas involving estimates and judgements are as follows:

- Recoverability of debtors

Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.

Dependant on the contract with the customer, turnover is either recognised on the basis of hours worked on customer contracts by the employees of the company, or it is recognised on the basis of fixed price agreed in the contract plus any additional billing as allowed by the contract.

Tangible fixed assets
Depreciation is charged to the profit and loss account over the estimated useful lives of each part of an item of tangible fixed assets. The estimated useful lives are as follows:

-Plant and machinery 3 - 5 years
-Motor vehicles4 years

Depreciation methods, useful lives and residual values are reviewed, if there is an indication, of a significant change since last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

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

Financial instruments
Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs.

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.


Cash and cash equivalents
Cash and cash equivalents comprise cash balances and all deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.


Bostonair Limited (Registered number: 00381534)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to equity holders
Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2023 2022
£    £   
United Kingdom 109,411 380,900
Europe 21,896,192 20,228,851
22,005,603 20,609,751

Bostonair Limited (Registered number: 00381534)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 10,224,726 8,751,179
Social security costs 1,368,953 1,054,914
Other pension costs 16,942 48,232
11,610,621 9,854,325

The average number of employees during the year was as follows:
2023 2022

Administration 18 10
Production 141 118
159 128

2023 2022
£    £   
Directors' remuneration - -

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

20232022
£   £   
Depreciation on assets owned76,95858,494
Operating leases - rent237,542186,220
Foreign exchange losses/(gains)61,54178,338
Profit on disposal of fixed assets --
Auditor's remuneration 9,3508,600
Government grants--

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest 1,936 552

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 830,867 443,732

Deferred tax 4,381 2,073
Tax on profit 835,248 445,805

Bostonair Limited (Registered number: 00381534)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 2,716,295 1,564,911
Profit multiplied by the standard rate of corporation tax in the UK of
23.520% (2022 - 19%)

638,873

297,333

Effects of:
Expenses not deductible for tax purposes 8,552 5,808
Capital allowances in excess of depreciation (585 ) (3,423 )
Difference in tax rates 255 497
Unrelieved overseas taxes 187,083 145,590
Adjustment to tax charge in respect of previous period (56,402 ) -
Adjustment to tax charge in respect of previous period - deferred tax 57,472 -
Total tax charge 835,248 445,805

9. DIVIDENDS

20232022
££

'A' ordinary shares of £1 each
Interim - paid411,221386,638
'B' ordinary shares of £1 each
Interim - paid32,54442,062
'E' ordinary shares of £1 each
Interim - paid25,00225,938
468,766454,638

Bostonair Limited (Registered number: 00381534)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

10. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 498,247 4,199 502,446
Additions 65,247 36,166 101,413
Disposals - (4,199 ) (4,199 )
At 31st December 2023 563,494 36,166 599,660
DEPRECIATION
At 1st January 2023 257,558 4,199 261,757
Charge for year 69,984 6,974 76,958
Eliminated on disposal - (4,199 ) (4,199 )
At 31st December 2023 327,542 6,974 334,516
NET BOOK VALUE
At 31st December 2023 235,952 29,192 265,144
At 31st December 2022 240,689 - 240,689

11. STOCKS
2023 2022
£    £   
Stocks 211,082 118,845

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,050,094 3,205,622
Amounts owed by participating interests 7,138 3,746
Other debtors 81,227 104,096
Directors' current accounts - 4,144
VAT 82,465 109,365
Prepayments and accrued income 103,136 69,563
4,324,060 3,496,536

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 251,922 149,893
Amounts owed to participating interests 87,865 350,185
Corporation tax 581,820 363,923
Social security and other taxes 183,985 125,058
Other creditors 617,581 513,284
Accruals and deferred income 457,829 614,859
2,181,002 2,117,202

Bostonair Limited (Registered number: 00381534)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 251,783 113,867
Between one and five years 324,700 56,817
576,483 170,684

15. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 62,000 57,619

Deferred
tax
£   
Balance at 1st January 2023 57,619
Charge to Income Statement during year 4,381
Balance at 31st December 2023 62,000

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nomina
l


2023


2022
value: £ £
73,028 Ordinary A £1 73,028 73,028
7,200 Ordinary B £1 7,200 7,200
4,440 Ordinary D £1 4,440 4,440
4,126 Ordinary E £1 4,126 4,126
88,794 88,794

17. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1st January 2023 3,220,455 (335,349 ) 2,885,106
Profit for the year 1,881,047 - 1,881,047
Dividends (468,766 ) - (468,766 )
At 31st December 2023 4,632,736 (335,349 ) 4,297,387

18. PENSION COMMITMENTS

The company offers various defined contribution pension schemes on behalf of its employees. The charge to the profit and loss account in the year amounted to £8,942 (2022 £8,232). at the year end there was an amount of £1,163 (2022 £588) outstanding.

Bostonair Limited (Registered number: 00381534)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
M N Parkes
Balance outstanding at start of year 4,144 3,713
Amounts advanced - 431
Amounts repaid (4,144 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,144

20. RELATED PARTY DISCLOSURES


Receivables
outstanding

Payables
outstanding

2023 2022 2023 2022
£    £    £    £   
Bostonair Technical Training Limited 857 - 820 44,406
Bostonair Limited - Italy - - - 5,669
Bostonair Group Limited - - 87,045 75,875
Boston Energy Limited - - - -
Bostonair GmbH 5,789 2,875 - -
Bostonair (Ireland) Limited 492 872 - 224,234
7,138 3,747 87,865 350,184

21. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M N Parkes, Company Director.