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REGISTERED NUMBER: 14270191 (England and Wales)















Unaudited Financial Statements

for the Period 2 August 2022 to 31 August 2023

for

Broughton's Electrical Group Ltd

Broughton's Electrical Group Ltd (Registered number: 14270191)






Contents of the Financial Statements
for the Period 2 August 2022 to 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Broughton's Electrical Group Ltd

Company Information
for the Period 2 August 2022 to 31 August 2023







Director: D J Broughton





Registered office: 1 Pumping Station Houses
Stone House Lane
Peckforton
Tarporley
CW6 9TJ





Registered number: 14270191 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Broughton's Electrical Group Ltd (Registered number: 14270191)

Statement of Financial Position
31 August 2023

Notes £    £   
Fixed assets
Tangible assets 4 23,614

Current assets
Debtors 5 2,522
Cash at bank 6,304
8,826
Creditors
Amounts falling due within one year 6 18,689
Net current liabilities (9,863 )
Total assets less current liabilities 13,751

Creditors
Amounts falling due after more than
one year

7

(10,796

)

Provisions for liabilities (2,342 )
Net assets 613

Capital and reserves
Called up share capital 9 100
Retained earnings 513
Shareholders' funds 613

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Broughton's Electrical Group Ltd (Registered number: 14270191)

Statement of Financial Position - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2024 and were signed by:





D J Broughton - Director


Broughton's Electrical Group Ltd (Registered number: 14270191)

Notes to the Financial Statements
for the Period 2 August 2022 to 31 August 2023

1. Statutory information

Broughton's Electrical Group Ltd 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost
Motor vehicles - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Broughton's Electrical Group Ltd (Registered number: 14270191)

Notes to the Financial Statements - continued
for the Period 2 August 2022 to 31 August 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3. Employees and directors

The average number of employees during the period was 1 .

4. Tangible fixed assets
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
Cost
Additions 15,491 18,995 34,486
Disposals - (4,000 ) (4,000 )
At 31 August 2023 15,491 14,995 30,486
Depreciation
Charge for period 3,873 3,999 7,872
Eliminated on disposal - (1,000 ) (1,000 )
At 31 August 2023 3,873 2,999 6,872
Net book value
At 31 August 2023 11,618 11,996 23,614

5. Debtors: amounts falling due within one year
£   
Trade debtors 685
Other debtors 1,837
2,522

6. Creditors: amounts falling due within one year
£   
Hire purchase contracts 2,699
Taxation and social security 857
Other creditors 15,133
18,689

Broughton's Electrical Group Ltd (Registered number: 14270191)

Notes to the Financial Statements - continued
for the Period 2 August 2022 to 31 August 2023

7. Creditors: amounts falling due after more than one year
£   
Hire purchase contracts 10,796

8. Secured debts

The following secured debts are included within creditors:

£   
Hire purchase contracts 13,495

Obligations under hire purchase contracts are secured on the underlying asset.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 ordinary shares were issued at par for cash upon incorporation.

10. Related party disclosures

The director has made loans to the company. The balance on these loans at 31 August 2023 was £15,133. The loans are interest-free and repayable on demand.