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
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
Bangons Electrical Services Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
17,107
6,644
Cash at bank and in hand
(17,637)
(1,488)
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)
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
Bangons Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
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.
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
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
At 31 March 2023
2,355
12,746
2,006
17,107
At 31 March 2022
2,167
750
3,727
6,644
Amounts falling due within one year
Trade debtors
12,935
18,241
6
Creditors: amounts falling due within one year
2023
2022
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).