Caseware UK (AP4) 2016.0.181 2016.0.181 2017-09-302017-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseboiler servicesfalse2016-10-01 06386741 2016-10-01 2017-09-30 06386741 2015-10-01 2016-09-30 06386741 2017-09-30 06386741 2016-09-30 06386741 c:Director1 2016-10-01 2017-09-30 06386741 d:PlantMachinery 2016-10-01 2017-09-30 06386741 d:PlantMachinery 2017-09-30 06386741 d:PlantMachinery 2016-09-30 06386741 d:PlantMachinery d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 06386741 d:MotorVehicles 2016-10-01 2017-09-30 06386741 d:MotorVehicles 2017-09-30 06386741 d:MotorVehicles 2016-09-30 06386741 d:MotorVehicles d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 06386741 d:OfficeEquipment 2016-10-01 2017-09-30 06386741 d:OfficeEquipment 2017-09-30 06386741 d:OfficeEquipment 2016-09-30 06386741 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 06386741 d:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 06386741 d:CurrentFinancialInstruments 2017-09-30 06386741 d:CurrentFinancialInstruments 2016-09-30 06386741 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 06386741 d:CurrentFinancialInstruments d:WithinOneYear 2016-09-30 06386741 d:ShareCapital 2017-09-30 06386741 d:ShareCapital 2016-09-30 06386741 d:RetainedEarningsAccumulatedLosses 2017-09-30 06386741 d:RetainedEarningsAccumulatedLosses 2016-09-30 06386741 d:AcceleratedTaxDepreciationDeferredTax 2017-09-30 06386741 d:AcceleratedTaxDepreciationDeferredTax 2016-09-30 06386741 c:FRS102 2016-10-01 2017-09-30 06386741 c:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 06386741 c:FullAccounts 2016-10-01 2017-09-30 06386741 c:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 iso4217:GBP xbrli:pure
                                                                                                                  Registered number: 06386741














A C BOILER SERVICES LIMITED




UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

 
A C BOILER SERVICES LIMITED
REGISTERED NUMBER:06386741

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2017

2017
2016
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,728
6,305

  
4,728
6,305

Current assets
  

Stocks
 5 
2,000
1,575

Debtors: amounts falling due within one year
 6 
30,381
17,466

Cash at bank and in hand
  
7,237
3,950

  
39,618
22,991

Creditors: amounts falling due within one year
 7 
(13,278)
(13,922)

Net current assets
  
 
 
26,340
 
 
9,069

Total assets less current liabilities
  
31,068
15,374

Provisions for liabilities
  

Deferred tax
 8 
(804)
(1,072)

  
 
 
(804)
 
 
(1,072)

Net assets
  
30,264
14,302


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
30,263
14,301

  
30,264
14,302


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
A C BOILER SERVICES LIMITED
REGISTERED NUMBER:06386741
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2017

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
A Cattermole
Director

Date: 14 March 2018
The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
A C BOILER SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1.


General information

A C Boiler Services Limited is a private company limited by shares and incorporated in England and Wales, Registration number 06386741. The registered office is Sneath Farmhouse, Plantation Road, Aslacton, Norwich, Norfolk, NR15 2ER.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
A C BOILER SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 4

 
A C BOILER SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

Page 5

 
A C BOILER SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2016
3,492
13,192
1,788
18,472



At 30 September 2017

3,492
13,192
1,788
18,472



Depreciation


At 1 October 2016
2,973
7,627
1,567
12,167


Charge for the year on owned assets
130
1,391
56
1,577



At 30 September 2017

3,103
9,018
1,623
13,744



Net book value



At 30 September 2017
389
4,174
165
4,728



At 30 September 2016
519
5,565
221
6,305


5.


Stocks

2017
2016
£
£

Finished goods and goods for resale
2,000
1,575

2,000
1,575



6.


Debtors

2017
2016
£
£


Trade debtors
2,141
340

Other debtors
26,832
16,359

Tax recoverable
1,408
767

30,381
17,466


Page 6

 
A C BOILER SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

7.


Creditors: Amounts falling due within one year

2017
2016
£
£

Trade creditors
3,825
125

Corporation tax
8,324
8,051

Other taxation and social security
-
839

Obligations under finance lease and hire purchase contracts
-
3,776

Accruals and deferred income
1,129
1,131

13,278
13,922



8.


Deferred taxation




2017


£






At beginning of year
(1,072)


Charged to profit or loss
268



At end of year
(804)

The provision for deferred taxation is made up as follows:

2017
2016
£
£


Accelerated capital allowances
(804)
(1,072)

(804)
(1,072)


9.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 7