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REGISTERED NUMBER: 04738998 (England and Wales)











Bundy's Electrical & Safety Testing
Limited

Unaudited Financial Statements

for the Year Ended 31st May 2023






Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bundy's Electrical & Safety Testing
Limited

Company Information
for the Year Ended 31st May 2023







DIRECTORS: D Bundy
G S Bundy





REGISTERED OFFICE: Unit 39
Pioneer Business Centre
North Road
Ellesmere Port
CH65 1AE





REGISTERED NUMBER: 04738998 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Balance Sheet
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,402 24,336

CURRENT ASSETS
Stocks 350 350
Debtors 5 46,258 18,730
Cash at bank and in hand 16,320 17,463
62,928 36,543
CREDITORS
Amounts falling due within one year 6 55,963 39,183
NET CURRENT ASSETS/(LIABILITIES) 6,965 (2,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,367 21,696

CREDITORS
Amounts falling due after more than one year 7 (22,646 ) (31,971 )

PROVISIONS FOR LIABILITIES (3,686 ) (4,624 )
NET ASSETS/(LIABILITIES) 35 (14,899 )

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 15 (14,919 )
SHAREHOLDERS' FUNDS 35 (14,899 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Balance Sheet - continued
31st 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 7th February 2024 and were signed on its behalf by:





D Bundy - Director


Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Bundy's Electrical & Safety Testing Limited 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 43,980
Additions 2,351
At 31st May 2023 46,331
DEPRECIATION
At 1st June 2022 19,644
Charge for year 7,285
At 31st May 2023 26,929
NET BOOK VALUE
At 31st May 2023 19,402
At 31st May 2022 24,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 36,540 18,730
Other debtors 9,718 -
46,258 18,730

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 21,557 6,179
Hire purchase contracts 3,326 3,326
Trade creditors 15,713 8,915
Taxation and social security 12,535 9,747
Other creditors 2,832 11,016
55,963 39,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 13,500 19,500
Hire purchase contracts 9,146 12,471
22,646 31,971