REGISTERED NUMBER: SC254009 (Scotland)

Financial Statements for the Year Ended 31 August 2024

for

Aberdeen Boiler Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P Brodie

REGISTERED OFFICE:

Nevis House

Balgownie Road

Bridge of Don

Aberdeen

AB22 8LX

REGISTERED NUMBER:

SC254009 (Scotland)

ACCOUNTANTS:

Tawse & Partners

Chartered Accountants

18 North Silver Street

Aberdeen

AB10 1JU

FIXED ASSETS

Tangible assets

5

265,885

222,081

CURRENT ASSETS

Stocks

3,800

3,900

Debtors

6

65,202

140,269

Cash at bank

504,525

992,143

573,527

1,136,312

CREDITORS

Amounts falling due within one year

7

108,595

188,284

NET CURRENT ASSETS

464,932

948,028

TOTAL ASSETS LESS CURRENT LIABILITIES

730,817

1,170,109

CREDITORS

Amounts falling due after more than one year

8

(16,143

)

(14,188

)

PROVISIONS FOR LIABILITIES

(31,932

)

(20,626

)

NET ASSETS

682,742

1,135,295

CAPITAL AND RESERVES

Called up share capital

10

33

67

Capital redemption reserve

11

67

33

Retained earnings

11

682,642

1,135,195

SHAREHOLDERS' FUNDS

682,742

1,135,295

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 23 May 2025 and were signed by:

C P Brodie - Director

1.	STATUTORY INFORMATION

Aberdeen Boiler Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover and other income recognition

Turnover is measured at fair value of consideration received or receivable, net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services rendered is recognised by reference to the stage of completion at the Balance Sheet date. Stage of completion is measured by reference to contractual rates of labour hours for services rendered and direct expenses incurred. When the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest

Interest income is recognised using the effective interest method.

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 shorter.

Freehold property - straight line, over 49 years

Improvements to property - fully depreciated during year

Plant and machinery -15% on cost

Motor Vehicles - 25% on cost

Office Equipment - 25% on cost

Tangible fixed assets are stated at deemed cost less accumulated depreciation and accumulated impairment.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell. Costs include all costs of purchases, costs of conversion and the other costs incurred in bringing stock to its current location and condition. Provision is made for damaged, obsolete and slow moving stock where appropriate.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction prices. Any losses arising from impairment are recognised in the Income Statement in other administrative expenses.

Amounts recoverable on contracts

Revenue from contracts ongoing at the year end are accounted for under the stage of completion method and included in turnover for the year. Amounts recoverable on contracts reflect the amounts due at the year end.

Impairment

Assets not measured at fair value are reviewed for any indication that the assets may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the Income Statement unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2023

149,505

156,857

306,362

Additions

-

95,739

95,739

Disposals

-

(20,235

)

(20,235

)

At 31 August 2024

149,505

232,361

381,866

DEPRECIATION

At 1 September 2023

9,929

74,352

84,281

Charge for year

1,419

45,456

46,875

Eliminated on disposal

-

(15,175

)

(15,175

)

At 31 August 2024

11,348

104,633

115,981

NET BOOK VALUE

At 31 August 2024

138,157

127,728

265,885

At 31 August 2023

139,576

82,505

222,081

Included in cost of land and buildings is freehold land of £ 80,000 (2023 - £ 80,000 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

57,322

131,840

Other debtors

7,880

8,429

65,202

140,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Finance leases

20,436

4,449

Trade creditors

41,416

49,257

Taxation and social security

40,940

111,754

Other creditors

5,803

22,824

108,595

188,284

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Finance leases

16,143

14,188

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.24

31.8.23

£

£

Finance leases

36,579

18,637

The hire purchase balances are secured over the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.24

31.8.23

value:

£

£

33

Ordinary shares

£1

33

67

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 September 2023

1,135,195

33

1,135,228

Profit for the year

47,447

47,447

Purchase of own shares

(500,000

)

34

(499,966

)

At 31 August 2024

682,642

67

682,709

12.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £1,794 (2023 - £2,796).