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REGISTERED NUMBER: SC443516 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Wood Boiler Supplies Limited

Wood Boiler Supplies Limited (Registered number: SC443516)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wood Boiler Supplies Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms H E Timperley





REGISTERED OFFICE: The Old Bus Depot
Main Street
Fyvie
Turriff
Aberdeenshire
AB53 8QB





REGISTERED NUMBER: SC443516 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Wood Boiler Supplies Limited (Registered number: SC443516)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,078 18,212

CURRENT ASSETS
Stocks 94,617 95,584
Debtors 5 93,967 59,797
Cash at bank and in hand 45,659 89,545
234,243 244,926
CREDITORS
Amounts falling due within one year 6 37,180 34,747
NET CURRENT ASSETS 197,063 210,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,141

228,391

PROVISIONS FOR LIABILITIES 1,749 2,074
NET ASSETS 211,392 226,317

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 211,382 226,307
211,392 226,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Wood Boiler Supplies Limited (Registered number: SC443516)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





Ms H E Timperley - Director


Wood Boiler Supplies Limited (Registered number: SC443516)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Wood Boiler Supplies Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 4% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Wood Boiler Supplies Limited (Registered number: SC443516)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Office Motor Computer
improvements equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 10,591 43,301 28,712 3,693 86,297
Additions - - - 1,566 1,566
At 31 March 2024 10,591 43,301 28,712 5,259 87,863
DEPRECIATION
At 1 April 2023 3,295 43,126 20,006 1,658 68,085
Charge for year 423 175 2,177 925 3,700
At 31 March 2024 3,718 43,301 22,183 2,583 71,785
NET BOOK VALUE
At 31 March 2024 6,873 - 6,529 2,676 16,078
At 31 March 2023 7,296 175 8,706 2,035 18,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 88,347 57,195
Other debtors 5,620 2,602
93,967 59,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 7,682 2,503
Taxation and social security 25,458 30,160
Other creditors 4,040 2,084
37,180 34,747

7. RELATED PARTY DISCLOSURES

Included in Trade Debtors is £51,387 (2023 - £6,928) due from A D Heating Limited, a company registered in Scotland, of which the director Ms H E Timperley's partner is a director and shareholder.

Sales in the year to A D Heating Limited totalled £112,928 (2023 - £86,366).

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the director who owns 100% of the share capital.