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Company Registration No. 07884921 (England and Wales)
Barrow Electrical Ltd Unaudited accounts for the year ended 31 December 2023
Barrow Electrical Ltd Unaudited accounts Contents
Page
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Barrow Electrical Ltd Company Information for the year ended 31 December 2023
Directors
Laurence Barrow Claire Louise Barrow
Company Number
07884921 (England and Wales)
Registered Office
80 CALIFORNIA CLOSE GREAT SANKEY WARRINGTON CHESHIRE WA5 8WU
Accountants
SM Norman Accountancy Ltd 33 Havisham Close Birchwood Warrington Cheshire WA3 7NB
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Barrow Electrical Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,026 
76,529 
Investments
5,000 
- 
94,026 
76,529 
Current assets
Inventories
39,910 
10,000 
Debtors
207,037 
223,378 
Cash at bank and in hand
224,605 
82,127 
471,552 
315,505 
Creditors: amounts falling due within one year
(175,459)
(92,397)
Net current assets
296,093 
223,108 
Total assets less current liabilities
390,119 
299,637 
Creditors: amounts falling due after more than one year
(15,000)
(25,000)
Provisions for liabilities
Deferred tax
(22,257)
(14,541)
Net assets
352,862 
260,096 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
352,860 
260,094 
Shareholders' funds
352,862 
260,096 
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. 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 1 March 2024 and were signed on its behalf by
Claire Louise Barrow Director Company Registration No. 07884921
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Barrow Electrical Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Barrow Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 07884921. The registered office is 80 CALIFORNIA CLOSE, GREAT SANKEY, WARRINGTON, CHESHIRE, WA5 8WU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% reducing balance basis
Motor vehicles
10% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
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.
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Barrow Electrical Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
119,539 
Additions
32,202 
Disposals
(13,609)
At 31 December 2023
138,132 
Depreciation
At 1 January 2023
43,010 
Charge for the year
12,685 
On disposals
(6,589)
At 31 December 2023
49,106 
Net book value
At 31 December 2023
89,026 
At 31 December 2022
76,529 
5
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
22,257 
14,541 
2023 
2022 
£ 
£ 
Provision at start of year
14,541 
8,002 
Charged to the profit and loss account
7,716 
6,539 
Provision at end of year
22,257 
14,541 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
11,537 
27,195 
8
Average number of employees
During the year the average number of employees was 16 (2022: 14).
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