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Company Registration No. 07331726 (England and Wales)
Bangons Electrical Services Ltd Unaudited accounts for the year ended 31 March 2023
Bangons Electrical Services Ltd Unaudited accounts Contents
Page
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Bangons Electrical Services Ltd Company Information for the year ended 31 March 2023
Director
Christopher Dearden
Company Number
07331726 (England and Wales)
Registered Office
7 REDLAND WAY AYLESBURY BUCKINGHAMSHIRE HP21 9RJ
Accountants
Panda Tax Accountancy Services 56 Windyridge Gardens Wymans Brook Cheltenham Glos GL50 4SY
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Bangons Electrical Services Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,107 
6,644 
Current assets
Inventories
4,073 
3,839 
Debtors
12,935 
18,241 
Cash at bank and in hand
(17,637)
(1,488)
(629)
20,592 
Creditors: amounts falling due within one year
(27,167)
(37,629)
Net current liabilities
(27,796)
(17,037)
Total assets less current liabilities
(10,689)
(10,393)
Creditors: amounts falling due after more than one year
(18,616)
(23,158)
Net liabilities
(29,305)
(33,551)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(29,306)
(33,552)
Shareholders' funds
(29,305)
(33,551)
For the year ending 31 March 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 30 November 2023 and were signed on its behalf by
Christopher Dearden Director Company Registration No. 07331726
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Bangons Electrical Services Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Bangons Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07331726. The registered office is 7 REDLAND WAY, AYLESBURY, BUCKINGHAMSHIRE, HP21 9RJ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Bangons Electrical Services Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
14,044 
31,756 
6,886 
52,686 
Additions
2,436 
16,995 
- 
19,431 
Disposals
- 
(1,000)
- 
(1,000)
At 31 March 2023
16,480 
47,751 
6,886 
71,117 
Depreciation
At 1 April 2022
11,877 
31,006 
3,159 
46,042 
Charge for the year
2,248 
4,249 
1,721 
8,218 
On disposals
- 
(250)
- 
(250)
At 31 March 2023
14,125 
35,005 
4,880 
54,010 
Net book value
At 31 March 2023
2,355 
12,746 
2,006 
17,107 
At 31 March 2022
2,167 
750 
3,727 
6,644 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,935 
18,241 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(3,277)
(1,594)
Trade creditors
10,431 
15,823 
Taxes and social security
(11,733)
(11,726)
Other creditors
15,572 
16,988 
Loans from directors
14,174 
16,188 
Accruals
2,000 
1,950 
27,167 
37,629 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,616 
23,158 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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