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REGISTERED NUMBER: 02991442 (England and Wales)
















BOILER & HEATING SUPPLIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






BOILER & HEATING SUPPLIES LIMITED (REGISTERED NUMBER: 02991442)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOILER & HEATING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: G Stone



SECRETARIES: G Stone
Mrs A L Stone



REGISTERED OFFICE: Glenewes House
Gate Way Drive
Yeadon
Leeds
West Yorkshire
LS19 7XY



REGISTERED NUMBER: 02991442 (England and Wales)



ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY



BANKERS: National Westminster Bank Plc
7 Hustlergate
Bradford
West Yorkshire
BD1 1PP

BOILER & HEATING SUPPLIES LIMITED (REGISTERED NUMBER: 02991442)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 66,739 44,946

CURRENT ASSETS
Stocks 128,977 128,894
Debtors 5 734,268 705,257
Cash at bank 65,692 116,196
928,937 950,347
CREDITORS
Amounts falling due within one year 6 304,451 382,023
NET CURRENT ASSETS 624,486 568,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,225

613,270

CREDITORS
Amounts falling due after more than one
year

7

(42,993

)

(13,027

)

PROVISIONS FOR LIABILITIES (11,398 ) -
NET ASSETS 636,834 600,243

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 636,334 599,743
SHAREHOLDERS' FUNDS 636,834 600,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

BOILER & HEATING SUPPLIES LIMITED (REGISTERED NUMBER: 02991442)

BALANCE SHEET - continued
30 JUNE 2024


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 3 October 2024 and were signed by:





G Stone - Director


BOILER & HEATING SUPPLIES LIMITED (REGISTERED NUMBER: 02991442)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Boiler & Heating Supplies 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. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Turnover
Turnover represents net invoice value of goods and services supplied, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at the transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.


BOILER & HEATING SUPPLIES LIMITED (REGISTERED NUMBER: 02991442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company makes contributions to the personal pension scheme of Mr K Stansfield, a director of the company. Contributions are charged to the profit and loss account as and when they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 89,030
Additions 61,972
Disposals (46,238 )
At 30 June 2024 104,764
DEPRECIATION
At 1 July 2023 44,084
Charge for year 11,177
Eliminated on disposal (17,236 )
At 30 June 2024 38,025
NET BOOK VALUE
At 30 June 2024 66,739
At 30 June 2023 44,946

Included in fixed assets are Motor Vehicles amounting to £55,089 (2023 : £32,374) held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 204,525 257,196
Amounts owed by group undertakings 523,325 439,997
Other debtors 6,418 8,064
734,268 705,257

BOILER & HEATING SUPPLIES LIMITED (REGISTERED NUMBER: 02991442)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 4,199 6,822
Trade creditors 183,591 190,579
Amounts owed to group undertakings 60,299 60,299
Taxation and social security 27,715 57,124
Other creditors 28,647 67,199
304,451 382,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 42,993 13,027

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 4,199 6,822
Between one and five years 42,993 13,027
47,192 19,849

Non-cancellable
operating leases
2024 2023
£ £
Within one year 15,397 15,397
Between one and five years 61,588 61,588
In more than five years 61,588 76,985
138,573 153,970

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 47,192 19,849