Registration number: 00624978

Boardman Transformers Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Boardman Transformers Limited

(Registration number: 00624978)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	194,464	203,437
Current assets
Stocks		175,659	80,879
Debtors	5	1,074,902	1,347,392
Cash at bank and in hand		515,880	385,495
		1,766,441	1,813,766
Creditors: Amounts falling due within one year	6	(608,266)	(725,449)
Net current assets		1,158,175	1,088,317
Net assets		1,352,639	1,291,754
Capital and reserves
Called up share capital		1,500	1,500
Capital redemption reserve		5,995	5,995
Retained earnings		1,345,144	1,284,259
Shareholders' funds		1,352,639	1,291,754

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Boardman Transformers Limited

(Registration number: 00624978)
Balance Sheet as at 31 March 2026

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and the directors report has been taken.

Approved and authorised by the Board on 9 September 2026 and signed on its behalf by:
 

......................................... Mr P Boardman Director

Boardman Transformers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Units 1 & 2
Low Mill Business Park
Watery Lane
Ulverston
Cumbria
LA12 9EE
UK

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Boardman Transformers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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 tax.

The current 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.

Tangible assets

Tangible assets are stated in the balance sheet 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 and machinery	15% reducing balance
Furniture and fittings	15% straight line
Motor vehicles	25% straight line
Office equipment	33% reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2025 - 13).

Boardman Transformers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Fixtures & fittings £	Motor vehicles  £	Plant & machinery £	Total £
Cost or valuation
At 1 April 2025	3,979	163,966	473,888	641,833
Additions	2,240	-	43,720	45,960
At 31 March 2026	6,219	163,966	517,608	687,793
Depreciation
At 1 April 2025	3,783	81,198	353,416	438,397
Charge for the year	379	29,909	24,644	54,932
At 31 March 2026	4,162	111,107	378,060	493,329
Carrying amount
At 31 March 2026	2,057	52,859	139,548	194,464
At 31 March 2025	196	82,768	120,473	203,437

5

Debtors

Current		2026 £	2025 £
Trade debtors		569,470	580,787
Amounts owed by related parties		503,402	763,492
Other debtors		2,030	3,113
		1,074,902	1,347,392

Boardman Transformers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Creditors

Creditors: amounts falling due within one year

		2026 £	2025 £
Due within one year
Bank loans and overdrafts		1,724	8,854
Trade creditors		338,341	396,481
Amounts owed to group undertakings		48,188	-
Taxation and social security		90,554	99,561
Other creditors		129,459	220,553
		608,266	725,449