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Registration number: 14637616

Boilerhouse Jesmond Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Boilerhouse Jesmond Limited

(Registration number: 14637616)
Statement of Financial Position as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

913,472

913,472

Tangible assets

5

31,175

33,024

 

944,647

946,496

Current assets

 

Stocks

6

17,000

17,000

Debtors

7

3,875

3,875

Cash at bank and in hand

 

18,300

19,877

 

39,175

40,752

Creditors: Amounts falling due within one year

8

(148,636)

(141,363)

Net current liabilities

 

(109,461)

(100,611)

Total assets less current liabilities

 

835,186

845,885

Creditors: Amounts falling due after more than one year

8

(792,750)

(835,250)

Provisions for liabilities

(7,468)

(7,863)

Net assets

 

34,968

2,772

Capital and reserves

 

Called up share capital

100

100

Retained earnings

34,868

2,672

Shareholders' funds

 

34,968

2,772

 

Boilerhouse Jesmond Limited

(Registration number: 14637616)
Statement of Financial Position as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 17 July 2025
 

.........................................
Mr Felix Jones
Director

 

Boilerhouse Jesmond Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
9 Acorn Road
Newcastle Upon Tyne
NE2 2DJ

These financial statements were authorised for issue by the director on 17 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Boilerhouse Jesmond Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing balance

Short Leasehold

15% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Boilerhouse Jesmond Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2024 - 20).

 

Boilerhouse Jesmond Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2024

913,472

913,472

At 28 February 2025

913,472

913,472

Amortisation

Carrying amount

At 28 February 2025

913,472

913,472

At 29 February 2024

913,472

913,472

5

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2024

33,820

1,945

35,765

Additions

-

1,028

1,028

At 28 February 2025

33,820

2,973

36,793

Depreciation

At 1 March 2024

2,255

486

2,741

Charge for the year

2,255

622

2,877

At 28 February 2025

4,510

1,108

5,618

Carrying amount

At 28 February 2025

29,310

1,865

31,175

At 29 February 2024

31,565

1,459

33,024

Included within the net book value of land and buildings above is £29,310 (2024 - £31,565) in respect of short leasehold land and buildings.
 

 

Boilerhouse Jesmond Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Stocks

2025
£

2024
£

Other inventories

17,000

17,000

7

Debtors

Current

2025
£

2024
£

Prepayments

3,875

3,875

 

3,875

3,875

 

Boilerhouse Jesmond Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

46,000

46,000

Trade creditors

 

10,000

20,000

Taxation and social security

 

50,691

56,412

Accruals and deferred income

 

21,516

-

Other creditors

 

20,429

18,951

 

148,636

141,363

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

792,750

835,250

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

7,500

12,500

Other borrowings

785,250

822,750

792,750

835,250

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,000

10,000

Other borrowings

36,000

36,000

46,000

46,000

10

Related party transactions

 

Boilerhouse Jesmond Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

8,402

6,464