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REGISTERED NUMBER: 06196233 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BEXHILL ELECTRICAL (SOUTHERN) LIMITED

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEXHILL ELECTRICAL (SOUTHERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J M Jones





SECRETARY: J M Jones





REGISTERED OFFICE: 2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH





REGISTERED NUMBER: 06196233 (England and Wales)





ACCOUNTANTS: x5 Xeinadin Group
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,856 109,606

CURRENT ASSETS
Stocks 5 233,483 402,826
Debtors 6 561,126 212,736
Cash at bank and in hand 228,661 247,802
1,023,270 863,364
CREDITORS
Amounts falling due within one year 7 524,133 429,211
NET CURRENT ASSETS 499,137 434,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,993

543,759

CREDITORS
Amounts falling due after more than one year 8 (105,101 ) (79,017 )

PROVISIONS FOR LIABILITIES (19,983 ) (9,368 )
NET ASSETS 535,909 455,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 535,809 455,274
SHAREHOLDERS' FUNDS 535,909 455,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:





J M Jones - Director


BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Bexhill Electrical (Southern) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 33 ) .

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 7,468 24,854 239,314 23,867 295,503
Additions - 83 104,206 1,981 106,270
Disposals - - (8,995 ) - (8,995 )
At 31 March 2023 7,468 24,937 334,525 25,848 392,778
DEPRECIATION
At 1 April 2022 7,468 12,267 144,427 21,735 185,897
Charge for year - 1,900 49,664 2,015 53,579
Eliminated on disposal - - (8,554 ) - (8,554 )
At 31 March 2023 7,468 14,167 185,537 23,750 230,922
NET BOOK VALUE
At 31 March 2023 - 10,770 148,988 2,098 161,856
At 31 March 2022 - 12,587 94,887 2,132 109,606

5. STOCKS
2023 2022
£    £   
Stocks 4,000 4,000
Work-in-progress 229,483 398,826
233,483 402,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 482,125 134,221
Directors' current accounts - 16,582
Tax - 4,585
VAT 63,995 44,520
Prepayments and accrued income 15,006 12,828
561,126 212,736

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 33,650 19,380
Trade creditors 398,398 337,777
Tax 6,917 -
Social security and other taxes 37,825 26,110
Other creditors 32,425 34,744
Directors' current accounts 418 -
Accrued expenses 4,500 1,200
524,133 429,211

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,667
Hire purchase contracts 83,434 47,350
105,101 79,017