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Registered number: 06429149
Broadland Boilers Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Statement of Changes in Equity 6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors Mr Ashton Skene
Mrs Laura Skene
Secretary Mrs Laura Skene
Company Number 06429149
Registered Office Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Accountants Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 November 2024.
Principal Activity
The company's principal activity continues to be that of plumbing and heating installation and maintenance.
Directors
The directors who held office during the year were as follows:
Mr Ashton Skene
Mrs Laura Skene
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Ashton Skene
Director
Mrs Laura Skene
Director
22/05/2025
Page 2
Page 3
Accountant's Report
Report of the Accountant to the directors of Broadland Boilers Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 November 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Mr Edward Clarke, BSc (Hons), MAAT
22/05/2025
Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 612,334 522,456
Cost of sales (342,924 ) (249,883 )
GROSS PROFIT 269,410 272,573
Administrative expenses (204,214 ) (166,075 )
OPERATING PROFIT 65,196 106,498
Loss on disposal of fixed assets - (1,955 )
Other interest receivable and similar income 14,498 4,947
PROFIT BEFORE TAXATION 79,694 109,490
Tax on Profit (11,246 ) (24,675 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 68,448 84,815
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74,910 74,197
74,910 74,197
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 309,598 214,898
Cash at bank and in hand 45,556 62,338
360,154 282,236
Creditors: Amounts Falling Due Within One Year 7 (120,441 ) (110,393 )
NET CURRENT ASSETS (LIABILITIES) 239,713 171,843
TOTAL ASSETS LESS CURRENT LIABILITIES 314,623 246,040
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,226 ) (14,091 )
NET ASSETS 300,397 231,949
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 299,397 230,949
SHAREHOLDERS' FUNDS 300,397 231,949
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Ashton Skene
Director
Mrs Laura Skene
Director
22/05/2025
The notes on pages 7 to 9 form part of these financial statements.
Page 5
Page 6
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 December 2022 1,000 124,008 125,008
Profit for the year and total comprehensive income - 84,815 84,815
Dividends paid - 22,126 22,126
As at 30 November 2023 and 1 December 2023 1,000 230,949 231,949
Profit for the year and total comprehensive income - 68,448 68,448
As at 30 November 2024 1,000 299,397 300,397
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Broadland Boilers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06429149 . The registered office is Dashwood House, 1 Tyrells Road, Great Yarmouth, Norfolk, NR31 0AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 18% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 7
Page 8
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2023 16,563 146,668 163,231
Additions 3,278 14,584 17,862
As at 30 November 2024 19,841 161,252 181,093
Depreciation
As at 1 December 2023 11,457 77,577 89,034
Provided during the period 2,088 15,061 17,149
As at 30 November 2024 13,545 92,638 106,183
Net Book Value
As at 30 November 2024 6,296 68,614 74,910
As at 1 December 2023 5,106 69,091 74,197
5. Stocks
2024 2023
£ £
Inventory 5,000 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,471 23,662
Prepayments and accrued income 2,576 2,287
Corporation tax receivable 8,298 -
Amounts owed by parent company 274,243 182,809
Rental deposit 1,287 1,287
Amounts owed by associates 5,723 4,853
309,598 214,898
Page 8
Page 9
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,206 33,715
Corporation tax 19,263 27,700
PAYE - 1,344
VAT 75,893 30,260
Credit cards 20,079 17,374
120,441 110,393
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 9