2023-06-012024-05-312024-05-31false12625785THE ASHFORD BOILER COMPANY LTD2025-01-22falseiso4217:GBPxbrli:pure126257852023-06-01126257852024-05-31126257852023-06-012024-05-31126257852022-06-01126257852023-05-31126257852022-06-012023-05-3112625785bus:SmallEntities2023-06-012024-05-3112625785bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3112625785bus:FullAccounts2023-06-012024-05-3112625785bus:PrivateLimitedCompanyLtd2023-06-012024-05-3112625785core:WithinOneYear2024-05-3112625785core:AfterOneYear2024-05-3112625785core:WithinOneYear2023-05-3112625785core:AfterOneYear2023-05-3112625785core:ShareCapital2024-05-3112625785core:SharePremium2024-05-3112625785core:RevaluationReserve2024-05-3112625785core:OtherReservesSubtotal2024-05-3112625785core:RetainedEarningsAccumulatedLosses2024-05-3112625785core:ShareCapital2023-05-3112625785core:SharePremium2023-05-3112625785core:RevaluationReserve2023-05-3112625785core:OtherReservesSubtotal2023-05-3112625785core:RetainedEarningsAccumulatedLosses2023-05-3112625785core:LandBuildings2024-05-3112625785core:PlantMachinery2024-05-3112625785core:Vehicles2024-05-3112625785core:FurnitureFittings2024-05-3112625785core:OfficeEquipment2024-05-3112625785core:NetGoodwill2024-05-3112625785core:IntangibleAssetsOtherThanGoodwill2024-05-3112625785core:ListedExchangeTraded2024-05-3112625785core:UnlistedNon-exchangeTraded2024-05-3112625785core:LandBuildings2023-05-3112625785core:PlantMachinery2023-05-3112625785core:Vehicles2023-05-3112625785core:FurnitureFittings2023-05-3112625785core:OfficeEquipment2023-05-3112625785core:NetGoodwill2023-05-3112625785core:IntangibleAssetsOtherThanGoodwill2023-05-3112625785core:ListedExchangeTraded2023-05-3112625785core:UnlistedNon-exchangeTraded2023-05-3112625785core:LandBuildings2023-06-012024-05-3112625785core:PlantMachinery2023-06-012024-05-3112625785core:Vehicles2023-06-012024-05-3112625785core:FurnitureFittings2023-06-012024-05-3112625785core:OfficeEquipment2023-06-012024-05-3112625785core:NetGoodwill2023-06-012024-05-3112625785core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112625785core:ListedExchangeTraded2023-06-012024-05-3112625785core:UnlistedNon-exchangeTraded2023-06-012024-05-3112625785core:MoreThanFiveYears2023-06-012024-05-3112625785core:Non-currentFinancialInstruments2024-05-3112625785core:Non-currentFinancialInstruments2023-05-3112625785dpl:CostSales2023-06-012024-05-3112625785dpl:DistributionCosts2023-06-012024-05-3112625785core:LandBuildings2023-06-012024-05-3112625785core:PlantMachinery2023-06-012024-05-3112625785core:Vehicles2023-06-012024-05-3112625785core:FurnitureFittings2023-06-012024-05-3112625785core:OfficeEquipment2023-06-012024-05-3112625785dpl:AdministrativeExpenses2023-06-012024-05-3112625785core:NetGoodwill2023-06-012024-05-3112625785core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112625785dpl:GroupUndertakings2023-06-012024-05-3112625785dpl:ParticipatingInterests2023-06-012024-05-3112625785dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3112625785core:ListedExchangeTraded2023-06-012024-05-3112625785dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3112625785core:UnlistedNon-exchangeTraded2023-06-012024-05-3112625785dpl:CostSales2022-06-012023-05-3112625785dpl:DistributionCosts2022-06-012023-05-3112625785core:LandBuildings2022-06-012023-05-3112625785core:PlantMachinery2022-06-012023-05-3112625785core:Vehicles2022-06-012023-05-3112625785core:FurnitureFittings2022-06-012023-05-3112625785core:OfficeEquipment2022-06-012023-05-3112625785dpl:AdministrativeExpenses2022-06-012023-05-3112625785core:NetGoodwill2022-06-012023-05-3112625785core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112625785dpl:GroupUndertakings2022-06-012023-05-3112625785dpl:ParticipatingInterests2022-06-012023-05-3112625785dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112625785core:ListedExchangeTraded2022-06-012023-05-3112625785dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112625785core:UnlistedNon-exchangeTraded2022-06-012023-05-3112625785core:NetGoodwill2024-05-3112625785core:IntangibleAssetsOtherThanGoodwill2024-05-3112625785core:LandBuildings2024-05-3112625785core:PlantMachinery2024-05-3112625785core:Vehicles2024-05-3112625785core:FurnitureFittings2024-05-3112625785core:OfficeEquipment2024-05-3112625785core:AfterOneYear2024-05-3112625785core:WithinOneYear2024-05-3112625785core:ListedExchangeTraded2024-05-3112625785core:UnlistedNon-exchangeTraded2024-05-3112625785core:ShareCapital2024-05-3112625785core:SharePremium2024-05-3112625785core:RevaluationReserve2024-05-3112625785core:OtherReservesSubtotal2024-05-3112625785core:RetainedEarningsAccumulatedLosses2024-05-3112625785core:NetGoodwill2023-05-3112625785core:IntangibleAssetsOtherThanGoodwill2023-05-3112625785core:LandBuildings2023-05-3112625785core:PlantMachinery2023-05-3112625785core:Vehicles2023-05-3112625785core:FurnitureFittings2023-05-3112625785core:OfficeEquipment2023-05-3112625785core:AfterOneYear2023-05-3112625785core:WithinOneYear2023-05-3112625785core:ListedExc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THE ASHFORD BOILER COMPANY LTD

Registered Number
12625785
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

THE ASHFORD BOILER COMPANY LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

D. P. HIGHMAN

Registered Address

Hillcrest
Bromley Green Road
Ashford
TN26 2EG

Registered Number

12625785 (England and Wales)
THE ASHFORD BOILER COMPANY LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,03220,546
14,03220,546
Current assets
Stocks4600400
Debtors10,04015,866
Cash at bank and on hand5,9896,850
16,62923,116
Creditors amounts falling due within one year5(19,189)(10,361)
Net current assets (liabilities)(2,560)12,755
Total assets less current liabilities11,47233,301
Creditors amounts falling due after one year6(3,934)(12,152)
Provisions for liabilities7(2,452)(3,641)
Net assets5,08617,508
Capital and reserves
Called up share capital100100
Profit and loss account4,98617,408
Shareholders' funds5,08617,508
The financial statements were approved and authorised for issue by the Director on 22 January 2025, and are signed on its behalf by:
D. P. HIGHMAN
Director
Registered Company No. 12625785
THE ASHFORD BOILER COMPANY LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery4
Office Equipment4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 June 2338,6951,70240,397
Additions4,569-4,569
At 31 May 2443,2641,70244,966
Depreciation and impairment
At 01 June 2319,47337819,851
Charge for year10,65742611,083
At 31 May 2430,13080430,934
Net book value
At 31 May 2413,13489814,032
At 31 May 2319,2221,32420,546
4.Stocks

2024

2023

££
Raw materials and consumables600400
Total600400
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,8291,672
Taxation and social security2,5302,456
Finance lease and HP contracts4,109-
Other creditors1,8864,397
Accrued liabilities and deferred income1,8351,836
Total19,18910,361
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,93412,152
Total3,93412,152
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,4523,641
Total2,4523,641