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REGISTERED NUMBER: 03086470 (England and Wales)












Financial Statements

for the Year Ended 31 July 2024

for

A & R Central Heating & Boiler
Repair Experts Limited

A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & R Central Heating & Boiler
Repair Experts Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A S Morgan





REGISTERED OFFICE: 46/48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 03086470 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46/48 Long Street
Middleton
Manchester
M24 6UQ

A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 306 -
Tangible assets 5 136,315 140,006
136,621 140,006

CURRENT ASSETS
Stocks 35,000 30,000
Debtors 6 244 268
Cash at bank 25,657 19,520
60,901 49,788
CREDITORS
Amounts falling due within one year 7 117,342 95,353
NET CURRENT LIABILITIES (56,441 ) (45,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,180

94,441

CREDITORS
Amounts falling due after more than one
year

8

(30,712

)

(41,340

)

PROVISIONS FOR LIABILITIES (1,292 ) (1,675 )
NET ASSETS 48,176 51,426

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 48,174 51,424
SHAREHOLDERS' FUNDS 48,176 51,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)

Balance Sheet - continued
31 July 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 21 February 2025 and were signed by:





A S Morgan - Director


A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)

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

1. STATUTORY INFORMATION

A & R Central Heating & Boiler Repair Experts 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

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.

A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 340
At 31 July 2024 340
AMORTISATION
Charge for year 34
At 31 July 2024 34
NET BOOK VALUE
At 31 July 2024 306

A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 124,600 398 31,266 7,972 164,236
Additions - 114 - - 114
At 31 July 2024 124,600 512 31,266 7,972 164,350
DEPRECIATION
At 1 August 2023 - 246 16,491 7,493 24,230
Charge for year - 39 3,694 72 3,805
At 31 July 2024 - 285 20,185 7,565 28,035
NET BOOK VALUE
At 31 July 2024 124,600 227 11,081 407 136,315
At 31 July 2023 124,600 152 14,775 479 140,006

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 17,785
DEPRECIATION
At 1 August 2023 4,446
Charge for year 3,335
At 31 July 2024 7,781
NET BOOK VALUE
At 31 July 2024 10,004
At 31 July 2023 13,339

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 244 2
Tax - 266
244 268

A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,683 10,612
Hire purchase contracts 5,039 5,039
Trade creditors 31,100 24,915
Tax 1,410 -
Pension creditor 26 319
VAT 8,691 3,292
Loans from related companies 57,411 47,911
Directors' current accounts 582 915
Accrued expenses 2,400 2,350
117,342 95,353

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 9,162 8,743
Bank loans - 2-5 years 15,360 14,823
Bank loans more 5 yr by instal - 8,154
Hire purchase contracts 6,190 9,620
30,712 41,340

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,154

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank overdrafts 1,521 1,869
Bank loans 33,684 40,463
Hire purchase contracts 11,229 14,659
46,434 56,991

10. RELATED PARTY DISCLOSURES

The company was in receipt of loans from Engineer Team Network Limited, a company under the common control of Mr A S Morgan. At 31 July 2024, the company owed £50,411 (2023 - £40,911) to Engineer Team Network Limited. The loan is unsecured, interest free and repayable on demand.

The company was in receipt of loans from Masterful Engineer Training Limited, a company under the common control of Mr A S Morgan. At 31 July 2024 the company owed £7,000 (2023 - £7,000) to Masterful Engineer Training Limited. The loan is unsecured, interest free and repayable on demand.

A & R Central Heating & Boiler
Repair Experts Limited (Registered number: 03086470)

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

11. ULTIMATE CONTROLLING PARTY

The controlling party is A S Morgan.