Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-15Boiler servicing and supplies2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22023-09-01falsetruetruefalse 08384750 2023-09-01 2024-08-31 08384750 2022-09-01 2023-08-31 08384750 2024-08-31 08384750 2023-08-31 08384750 c:Director3 2023-09-01 2024-08-31 08384750 d:PlantMachinery 2023-09-01 2024-08-31 08384750 d:PlantMachinery 2024-08-31 08384750 d:PlantMachinery 2023-08-31 08384750 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08384750 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 08384750 d:MotorVehicles 2023-09-01 2024-08-31 08384750 d:MotorVehicles 2024-08-31 08384750 d:MotorVehicles 2023-08-31 08384750 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08384750 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 08384750 d:FurnitureFittings 2023-09-01 2024-08-31 08384750 d:FurnitureFittings 2024-08-31 08384750 d:FurnitureFittings 2023-08-31 08384750 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08384750 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 08384750 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08384750 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 08384750 d:CurrentFinancialInstruments 2024-08-31 08384750 d:CurrentFinancialInstruments 2023-08-31 08384750 d:Non-currentFinancialInstruments 2024-08-31 08384750 d:Non-currentFinancialInstruments 2023-08-31 08384750 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08384750 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08384750 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08384750 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08384750 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 08384750 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08384750 d:ShareCapital 2024-08-31 08384750 d:ShareCapital 2023-08-31 08384750 c:FRS102 2023-09-01 2024-08-31 08384750 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08384750 c:FullAccounts 2023-09-01 2024-08-31 08384750 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08384750 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 08384750 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 08384750 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 08384750 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 08384750 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 08384750









TVS BOILER SPARES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
TVS BOILER SPARES LIMITED
REGISTERED NUMBER: 08384750

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,974
7,105

  
6,974
7,105

Current assets
  

Stocks
 5 
57,137
56,000

Debtors: amounts falling due within one year
 6 
65,433
50,957

Cash at bank and in hand
 7 
14,358
1,533

  
136,928
108,490

Creditors: amounts falling due within one year
 8 
(128,803)
(110,807)

Net current assets/(liabilities)
  
 
 
8,125
 
 
(2,317)

Total assets less current liabilities
  
15,099
4,788

Creditors: amounts falling due after more than one year
 9 
(14,979)
(4,668)

  

Net assets
  
120
120


Capital and reserves
  

Called up share capital 
  
120
120

  
120
120


Page 1

 
TVS BOILER SPARES LIMITED
REGISTERED NUMBER: 08384750
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 May 2025.




................................................
Thomas Varney
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TVS BOILER SPARES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

TVS Boiler Spares Limited is a private company limited by share capital incorporated in England and Wales. The principal activty of the Company throughout the year was that of a heating spares and controls distributor.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
TVS BOILER SPARES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
TVS BOILER SPARES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 September 2023
-
14,518
6,440
20,958


Additions
1,606
-
586
2,192



At 31 August 2024

1,606
14,518
7,026
23,150



Depreciation


At 1 September 2023
-
8,394
5,459
13,853


Charge for the year on owned assets
401
-
391
792


Charge for the year on financed assets
-
1,531
-
1,531



At 31 August 2024

401
9,925
5,850
16,176



Net book value



At 31 August 2024
1,205
4,593
1,176
6,974



At 31 August 2023
-
6,124
981
7,105

Page 5

 
TVS BOILER SPARES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
57,137
56,000

57,137
56,000



6.


Debtors

2024
2023
£
£


Trade debtors
56,988
50,617

Other debtors
8,445
-

Prepayments and accrued income
-
340

65,433
50,957


Included within other debtors is a joint loan to the directors, Thomas Varney and Victoria Varney, amounting to £7,606 (2023 - £Nil)




7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
14,358
1,533

Less: bank overdrafts
-
(191)

14,358
1,342


Page 6

 
TVS BOILER SPARES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
191

Bank loans
20,001
10,901

Trade creditors
85,926
62,179

Corporation tax
12,314
13,770

Other taxation and social security
-
598

Obligations under finance lease and hire purchase contracts
2,948
2,948

Other creditors
5,889
18,580

Accruals and deferred income
1,725
1,640

128,803
110,807



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,259
-

Net obligations under finance leases and hire purchase contracts
1,720
4,668

14,979
4,668


Page 7

 
TVS BOILER SPARES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,001
10,901


20,001
10,901

Amounts falling due 1-2 years

Bank loans
13,259
-


13,259
-



33,260
10,901



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
2,948

Between 1-5 years
-
4,668

-
7,616


12.


Related party transactions

During the year the Company paid rent of £8,700 (2023 - £8,700) to Richard Varney and Janet Varney.      


13.


Controlling party

There is no overall controlling party. 

 
Page 8