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REGISTERED NUMBER: SC174598 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

BOFA Plumbing & Heating Ltd.

BOFA Plumbing & Heating Ltd. (Registered number: SC174598)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


BOFA Plumbing & Heating Ltd. (Registered number: SC174598)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,866 31,768

CURRENT ASSETS
Stocks 87,806 164,655
Debtors 5 133,380 109,112
Cash at bank 42,520 18,825
263,706 292,592
CREDITORS
Amounts falling due within one year 6 (220,006 ) (239,718 )
NET CURRENT ASSETS 43,700 52,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,566

84,642

CREDITORS
Amounts falling due after more than one
year

7

(13,091

)

(28,316

)
NET ASSETS 54,475 56,326

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 54,473 56,324
SHAREHOLDERS' FUNDS 54,475 56,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BOFA Plumbing & Heating Ltd. (Registered number: SC174598)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




A C Lang - Director



Mrs N Lang - Director


BOFA Plumbing & Heating Ltd. (Registered number: SC174598)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Forth Valley Eyecare Limited is a private company, limited by shares, domiciled in Scotland, registration number SC174598. The registered office is 22 Broadleys Road, Stirling, Stirlingshire, FK7 7ST.

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 represents net invoiced sales of goods and services in respect of contracted plumbing services, excluding value added tax. Sales are recognised at the point at which the goods are transferred and the service is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

BOFA Plumbing & Heating Ltd. (Registered number: SC174598)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Operating leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 23,467 5,075 97,390 13,093 139,025
Additions - - 2,000 - 2,000
Disposals - - (11,488 ) - (11,488 )
At 30 April 2024 23,467 5,075 87,902 13,093 129,537
DEPRECIATION
At 1 May 2023 20,155 4,610 70,285 12,207 107,257
Charge for year 331 465 6,841 497 8,134
Eliminated on disposal - - (9,720 ) - (9,720 )
At 30 April 2024 20,486 5,075 67,406 12,704 105,671
NET BOOK VALUE
At 30 April 2024 2,981 - 20,496 389 23,866
At 30 April 2023 3,312 465 27,105 886 31,768

BOFA Plumbing & Heating Ltd. (Registered number: SC174598)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 40,623
DEPRECIATION
At 1 May 2023 20,156
Charge for year 5,118
At 30 April 2024 25,274
NET BOOK VALUE
At 30 April 2024 15,349
At 30 April 2023 20,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 106,437 88,737
Other debtors 26,943 20,375
133,380 109,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,183 9,932
Hire purchase contracts 5,042 8,643
Trade creditors 158,144 167,374
Taxation and social security 40,162 30,995
Other creditors 6,475 22,774
220,006 239,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 13,091 23,274
Hire purchase contracts - 5,042
13,091 28,316

BOFA Plumbing & Heating Ltd. (Registered number: SC174598)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 5,042 13,685

Hire purchase finance is secured on the assets to which they relate.