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REGISTERED NUMBER: 11331294 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

K G BROOKS ELECTRICAL LTD

K G BROOKS ELECTRICAL LTD (REGISTERED NUMBER: 11331294)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


K G BROOKS ELECTRICAL LTD

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: Mrs S K Brooks
K G Brooks





REGISTERED OFFICE: 26 Middleton Close
Tysoe
WARWICK
CV35 0SS





REGISTERED NUMBER: 11331294 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

K G BROOKS ELECTRICAL LTD (REGISTERED NUMBER: 11331294)

STATEMENT OF FINANCIAL POSITION
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,811 19,748

CURRENT ASSETS
Debtors 5 3,258 6,220
Cash at bank 8,675 2,020
11,933 8,240
CREDITORS
Amounts falling due within one year 6 14,045 9,190
NET CURRENT LIABILITIES (2,112 ) (950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,699

18,798

CREDITORS
Amounts falling due after more than one
year

7

(9,077

)

(14,885

)

PROVISIONS FOR LIABILITIES (2,812 ) (3,752 )
NET ASSETS 810 161

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 710 61
810 161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

K G BROOKS ELECTRICAL LTD (REGISTERED NUMBER: 11331294)

STATEMENT OF FINANCIAL POSITION - continued
31 May 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 Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





K G Brooks - Director


K G BROOKS ELECTRICAL LTD (REGISTERED NUMBER: 11331294)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

K G Brooks Electrical Ltd 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.
Motor vehicles - 25% on reducing balance

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 26,330
DEPRECIATION
At 1 June 2022 6,582
Charge for year 4,937
At 31 May 2023 11,519
NET BOOK VALUE
At 31 May 2023 14,811
At 31 May 2022 19,748

K G BROOKS ELECTRICAL LTD (REGISTERED NUMBER: 11331294)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,291 5,722
Other debtors 967 498
3,258 6,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,000 2,000
Hire purchase contracts 3,808 3,808
Taxation and social security 3,972 936
Other creditors 4,265 2,446
14,045 9,190

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,000 6,000
Hire purchase contracts 5,077 8,885
9,077 14,885

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
K G Brooks and Mrs S K Brooks
Balance outstanding at start of year 498 862
Amounts repaid (312 ) (364 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 186 498

9. ULTIMATE CONTROLLING PARTY

The controlling party is K G Brooks.