Company registration number: 04168704
Unaudited financial statements
for the year ended 30 April 2024
for
HRM Boilers Limited
Pages for filing with the Registrar
Company registration number: 04168704
HRM Boilers Limited
Balance sheet
as at 30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 1 1
Tangible assets 5 10,667 12,569
10,668 12,570
Current assets
Stocks 199,923 251,993
Debtors 277,195 250,229
Cash at bank and in hand 32,957 19,968
510,075 522,190
Creditors: amounts falling due within one
year
(319,279) (313,414)
Net current assets 190,796 208,776
Total assets less current liabilities 201,464 221,346
Creditors: Amounts falling due after more
than one year
6 (38,728) (66,261)
Provisions for liabilities (1,737) (2,034)
NET ASSETS 160,999 153,051
Capital and reserves
Called up share capital 100 100
Profit and loss account 160,899 152,951
TOTAL EQUITY 160,999 153,051
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04168704
HRM Boilers Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 7 March 2025 and signed on its behalf by:
Mr S Eastwell, Director
7 March 2025
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HRM Boilers Limited
Notes to the financial statements
for the year ended 30 April 2024
1 Company information
HRM Boilers Limited is a private company registered in England and Wales. Its registered number is 04168704. The company is limited by shares. Its registered office is Unit 2 Haverscroft Industrial Estate, Attleborough, NR17 1YE.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Patents & licence - 10% straight line
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 etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line
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HRM Boilers Limited
Notes to the financial statements - continued
for the year ended 30 April 2024
2 Accounting policies - continued
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 taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 11 (2023 - 11).
4 Intangible assets
Goodwill Other
intangible
assets
Totals
£ £ £
Cost
At 1 May 2023 480,000 14,694 494,694
At 30 April 2024 480,000 14,694 494,694
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HRM Boilers Limited
Notes to the financial statements - continued
for the year ended 30 April 2024
4 Intangible assets - continued
Amortisation
At 1 May 2023 480,000 14,693 494,693
At 30 April 2024 480,000 14,693 494,693
Net book value
At 30 April 2024 - 1 1
At 30 April 2023 - 1 1
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 May 2023 157,090
Additions 312
At 30 April 2024 157,402
Depreciation
At 1 May 2023 144,521
Charge for year 1,024
Eliminated on disposal 1,190
At 30 April 2024 146,735
Net book value
At 30 April 2024 10,667
At 30 April 2023 12,569
6 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Bank loans 38,728 66,261
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