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
Briggs Electrical Ltd
Company Information
for the year ended 31 August 2023
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
Briggs Electrical Ltd
Statement of financial position
as at 31 August 2023
Intangible assets
10,000
9,921
Tangible assets
1,813
(961)
Cash at bank and in hand
12,406
8,686
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)
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
Briggs Electrical Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 September 2022
10,000
-
10,000
At 31 August 2023
10,000
-
10,000
At 1 September 2022
-
79
79
Charge for the year
-
(79)
(79)
At 31 August 2023
10,000
-
10,000
At 31 August 2022
10,000
(79)
9,921
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
At 31 August 2023
8,898
7,784
1,569
2,282
20,533
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
At 31 August 2023
1,007
-
525
281
1,813
At 31 August 2022
1,067
(2,853)
700
125
(961)
Amounts falling due within one year
Trade debtors
2,131
10,552
Accrued income and prepayments
-
(64)
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
175
11,560
Other creditors
22,160
20,599
Loans from directors
9,867
10,763
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).