Company Registration No. 04766595 (England and Wales)
B & T Electrical Services Limited
Unaudited accounts
for the year ended 31 May 2023
B & T Electrical Services Limited
Unaudited accounts
Contents
B & T Electrical Services Limited
Company Information
for the year ended 31 May 2023
Directors
Timothy Francis
Barrie Harding
Company Number
04766595 (England and Wales)
Registered Office
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
ENGLAND
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
B & T Electrical Services Limited
Statement of financial position
as at 31 May 2023
Tangible assets
22,687
30,250
Cash at bank and in hand
29,165
18,073
Creditors: amounts falling due within one year
(56,401)
(50,384)
Net current liabilities
(3,908)
(3,535)
Total assets less current liabilities
18,779
31,449
Creditors: amounts falling due after more than one year
(14,329)
(22,717)
Provisions for liabilities
Deferred tax
(4,311)
(5,748)
Called up share capital
100
100
Profit and loss account
39
2,884
Shareholders' funds
139
2,984
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by
Timothy Francis
Director
Company Registration No. 04766595
B & T Electrical Services Limited
Notes to the Accounts
for the year ended 31 May 2023
B & T Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04766595. The registered office is Wolfe Mead, Farnham Road, Bordon, Hampshire, GU35 0NH, 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.
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.
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:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
B & T Electrical Services Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
45,384
11,053
56,437
At 31 May 2023
45,384
11,053
56,437
At 1 June 2022
15,567
10,620
26,187
Charge for the year
7,455
108
7,563
At 31 May 2023
23,022
10,728
33,750
At 31 May 2023
22,362
325
22,687
At 31 May 2022
29,817
433
30,250
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
10,612
25,404
Other debtors
11,216
1,872
B & T Electrical Services Limited
Notes to the Accounts
for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,388
8,388
Trade creditors
24,071
14,207
Taxes and social security
15,875
26,349
Loans from directors
-
690
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
14,329
22,717
The above loans have been provided interest free with no fixed terms for repayment.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).