Company Registration No. 05863709 (England and Wales)
Tony Breach Electrical Services Ltd
Unaudited accounts
for the year ended 31 March 2023
Tony Breach Electrical Services Ltd
Unaudited accounts
Contents
Tony Breach Electrical Services Ltd
Company Information
for the year ended 31 March 2023
Company Number
05863709 (England and Wales)
Registered Office
1 STUBBINGTON WAY
FAIR OAK
EASTLEIGH
SO50 7LQ
ENGLAND
Accountants
TBT Accountancy Ltd
Hursley Campus
Hursley Park Road
Hursley
Winchester
Hampshire
SO21 2JN
Tony Breach Electrical Services Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
20,054
9,187
Cash at bank and in hand
78,204
131,033
Creditors: amounts falling due within one year
(35,682)
(38,723)
Net current assets
116,359
153,176
Total assets less current liabilities
136,413
162,363
Creditors: amounts falling due after more than one year
(22,500)
(32,512)
Provisions for liabilities
Net assets
111,562
129,803
Called up share capital
100
100
Profit and loss account
111,462
129,703
Shareholders' funds
111,562
129,803
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 4 September 2023 and were signed on its behalf by
A Breach
Director
Company Registration No. 05863709
Tony Breach Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
Tony Breach Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 05863709. The registered office is 1 STUBBINGTON WAY, FAIR OAK, EASTLEIGH, SO50 7LQ, ENGLAND.
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.
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:
Fixtures & fittings
25% SL
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tony Breach Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants in relation to the Bounce Back Loan scheme were received during 2020-21 accounting year and are credited to the profit and loss account when the corresponding expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
12,807
916
18,820
4,519
4,522
41,584
Additions
-
1,506
13,990
-
649
16,145
At 31 March 2023
12,807
2,422
32,810
4,519
5,171
57,729
At 1 April 2022
3,843
915
18,820
4,518
4,301
32,397
Charge for the year
1,281
376
3,498
-
123
5,278
At 31 March 2023
5,124
1,291
22,318
4,518
4,424
37,675
At 31 March 2023
7,683
1,131
10,492
1
747
20,054
At 31 March 2022
8,964
1
-
1
221
9,187
Amounts falling due within one year
Trade debtors
44,642
32,046
Accrued income and prepayments
3,530
2,385
Amounts falling due after more than one year
Other debtors
24,865
24,843
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
-
3,942
Trade creditors
1,131
8,313
Taxes and social security
9,359
15,174
Tony Breach Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Current Account
24,843
25,117
25,095
24,864
24,843
25,117
25,095
24,864
The director's loan is charged at 2% and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).