1 January 2023 v2024.5.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP042820792023-01-012023-12-31042820792023-12-31042820792022-12-3104282079core:WithinOneYear2023-12-3104282079core:WithinOneYear2022-12-3104282079core:AfterOneYear2023-12-3104282079core:AfterOneYear2022-12-3104282079core:ShareCapital2023-12-3104282079core:ShareCapital2022-12-3104282079core:RetainedEarningsAccumulatedLosses2023-12-3104282079core:RetainedEarningsAccumulatedLosses2022-12-3104282079bus:Director12023-01-012023-12-3104282079bus:RegisteredOffice2023-01-012023-12-3104282079core:MotorVehicles2023-01-012023-12-3104282079core:FurnitureFittingsToolsEquipment2023-01-012023-12-31042820792022-01-012022-12-3104282079core:PlantMachinery2023-01-0104282079core:PlantMachinery2023-01-012023-12-3104282079core:PlantMachinery2023-12-3104282079core:PlantMachinery2022-12-310428207912023-01-012023-12-3104282079countries:EnglandWales2023-01-012023-12-3104282079bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3104282079bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104282079bus:SmallEntities2023-01-012023-12-3104282079bus:FullAccounts2023-01-012023-12-31
Company registration number:
04282079
Brooks Electrical Contractors Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Brooks Electrical Contractors Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
32,930
 
22,147
 
Current assets    
Stocks
4,357
 
9,279
 
Debtors 6 -  
15,609
 
Cash at bank and in hand
38,597
 
36,007
 
42,954
 
60,895
 
Creditors: amounts falling due within one year 7
(33,829
)
(44,999
)
Net current assets
9,125
 
15,896
 
Total assets less current liabilities 42,055   38,043  
Creditors: amounts falling due after more than one year 8
(7,196
)
(707
)
Net assets
34,859
 
37,336
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
34,759
 
37,236
 
Shareholders funds
34,859
 
37,336
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
23 February 2024
, and are signed on behalf of the board by:
A Goldsbrough
Director
Company registration number:
04282079
Brooks Electrical Contractors Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4 Orchard Close
,
Summerbridge
,
Harrogate
,
HG3 4BJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% reducing balance
Fixtures, fittings and equipment
10% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
7
(2022:
7.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
55,573
 
Additions
25,900
 
Disposals
(16,622
)
At
31 December 2023
64,851
 
Depreciation  
At
1 January 2023
33,426
 
Charge
8,954
 
Disposals
(10,459
)
At
31 December 2023
31,921
 
Carrying amount  
At
31 December 2023
32,930
 
At 31 December 2022
22,147
 

6 Debtors

20232022
££
Trade debtors -  
15,609
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
11,718
 
13,071
 
Taxation and social security
16,572
 
21,625
 
Other creditors
5,539
 
10,303
 
33,829
 
44,999
 

8 Creditors: amounts falling due after more than one year

20232022
££
Other creditors
7,196
 
707