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REGISTERED NUMBER: 08527670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

THE BOILER CLUB LTD

THE BOILER CLUB LTD (REGISTERED NUMBER: 08527670)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BOILER CLUB LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: A G Dumelow





SECRETARY: S Dumelow





REGISTERED OFFICE: 44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 08527670 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

THE BOILER CLUB LTD (REGISTERED NUMBER: 08527670)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 35,072 1,546

CURRENT ASSETS
Stocks 34,000 34,000
Debtors 5 26,934 32,928
Cash at bank 6 114
60,940 67,042
CREDITORS
Amounts falling due within one year 6 70,179 65,095
NET CURRENT (LIABILITIES)/ASSETS (9,239 ) 1,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,833

3,493

CREDITORS
Amounts falling due after more than one
year

7

33,311

11,925
NET LIABILITIES (7,478 ) (8,432 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (7,488 ) (8,442 )
SHAREHOLDERS' FUNDS (7,478 ) (8,432 )

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

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

THE BOILER CLUB LTD (REGISTERED NUMBER: 08527670)

BALANCE SHEET - continued
31 May 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 19 May 2025 and were signed by:





A G Dumelow - Director


THE BOILER CLUB LTD (REGISTERED NUMBER: 08527670)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Boiler Club Ltd 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.

At 31 May 2024 the company had a balance sheet deficit of £7,478 (2023: £8,432). The directors are confident that the company will trade profitably in the forthcoming year and believe that it is appropriate to adopt the going concern basis as a result.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 25% 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.

THE BOILER CLUB LTD (REGISTERED NUMBER: 08527670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 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.

Going concern
At the balance sheet date, the company recorded net liabilities of £7,478. The director considers that the company has sufficient working capital to continue operational existence for at least 12 months from the date of signing the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 24,913
Additions 34,924
At 31 May 2024 59,837
DEPRECIATION
At 1 June 2023 23,367
Charge for year 1,398
At 31 May 2024 24,765
NET BOOK VALUE
At 31 May 2024 35,072
At 31 May 2023 1,546

THE BOILER CLUB LTD (REGISTERED NUMBER: 08527670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
DEPRECIATION
Charge for year 582
At 31 May 2024 582
NET BOOK VALUE
At 31 May 2024 (582 )

Assets held under hire purchase and finance lease contracts are included in the above at a net book value of £34,342 (2023:NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,532 17,235
Other debtors 13,402 15,693
26,934 32,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,080 10,294
Other loans 6,075 6,075
Hire purchase contracts 3,245 -
Trade creditors 9,511 10,917
Social security and other taxes 3,297 2,416
Other creditors 2,796 2,844
Directors' loan accounts 4,826 4,870
Accruals and deferred income 27,349 27,679
70,179 65,095

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 5,918 11,925
Hire purchase contracts 27,393 -
33,311 11,925

THE BOILER CLUB LTD (REGISTERED NUMBER: 08527670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Creditors includes £4,826 (2023 Creditor £4,870) relating to a directors' loan account balance with Mr A Dumelow. During the year £3,465 was advanced by the company and £3,421 was repaid in respect of this loan. All stated amounts are aggregates. The loan is interest free and repayable under no specific terms