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Company Registration No. 07755843 (England and Wales)
Briggs Electrical Ltd Unaudited accounts for the year ended 31 August 2023
Briggs Electrical Ltd Unaudited accounts Contents
Page
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Briggs Electrical Ltd Company Information for the year ended 31 August 2023
Director
MURRAY BRIGGS
Company Number
07755843 (England and Wales)
Registered Office
Broderwen George Avenue Clynderwen SA66 7NE
Accountants
S G Accountancy (UK) Ltd COLLEGE GREEN STATION ROAD Crymych Pembrokeshire SA41 3RL
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Briggs Electrical Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
9,921 
Tangible assets
1,813 
(961)
11,813 
8,960 
Current assets
Inventories
350 
350 
Debtors
2,131 
10,509 
Cash at bank and in hand
12,406 
8,686 
14,887 
19,545 
Creditors: amounts falling due within one year
(34,711)
(42,637)
Net current liabilities
(19,824)
(23,092)
Total assets less current liabilities
(8,011)
(14,132)
Creditors: amounts falling due after more than one year
(460)
- 
Net liabilities
(8,471)
(14,132)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(8,472)
(14,133)
Shareholders' funds
(8,471)
(14,132)
For the year ending 31 August 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2023 and were signed on its behalf by
MURRAY BRIGGS Director Company Registration No. 07755843
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Briggs Electrical Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Briggs Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 07755843. The registered office is Broderwen, George Avenue, Clynderwen, SA66 7NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 September 2022
10,000 
- 
10,000 
At 31 August 2023
10,000 
- 
10,000 
Amortisation
At 1 September 2022
- 
79 
79 
Charge for the year
- 
(79)
(79)
At 31 August 2023
- 
- 
- 
Net book value
At 31 August 2023
10,000 
- 
10,000 
At 31 August 2022
10,000 
(79)
9,921 
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Briggs Electrical Ltd Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
8,622 
7,784 
1,569 
1,953 
19,928 
Additions
276 
- 
- 
329 
605 
At 31 August 2023
8,898 
7,784 
1,569 
2,282 
20,533 
Depreciation
At 1 September 2022
7,555 
10,637 
869 
1,828 
20,889 
Charge for the year
336 
(2,853)
175 
173 
(2,169)
At 31 August 2023
7,891 
7,784 
1,044 
2,001 
18,720 
Net book value
At 31 August 2023
1,007 
- 
525 
281 
1,813 
At 31 August 2022
1,067 
(2,853)
700 
125 
(961)
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
21 
Trade debtors
2,131 
10,552 
Accrued income and prepayments
- 
(64)
2,131 
10,509 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,509 
- 
Trade creditors
175 
11,560 
Other creditors
22,160 
20,599 
Loans from directors
9,867 
10,763 
Accruals
- 
(285)
34,711 
42,637 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
460 
- 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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