1 September 2022 false No description of principal activity Taxfiler 2023.15 03646350business:PrivateLimitedCompanyLtd2022-09-012023-08-31 036463502022-08-31 036463502022-09-012023-08-31 03646350business:AuditExemptWithAccountantsReport2022-09-012023-08-31 03646350business:FilletedAccounts2022-09-012023-08-31 036463502023-08-31 03646350business:Director12022-09-012023-08-31 03646350business:CompanySecretary12022-09-012023-08-31 03646350business:RegisteredOffice2022-09-012023-08-31 036463502022-08-31 03646350core:WithinOneYear2023-08-31 03646350core:WithinOneYear2022-08-31 03646350core:AfterOneYear2023-08-31 03646350core:AfterOneYear2022-08-31 03646350core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 03646350core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 03646350core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 03646350core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 03646350core:PreviouslyStatedAmount2023-08-31 03646350core:PreviouslyStatedAmount2022-08-31 03646350business:SmallEntities2022-09-012023-08-31 03646350countries:EnglandWales2022-09-012023-08-31 03646350core:MotorVehicles2022-09-012023-08-31 03646350core:FurnitureFittings2022-09-012023-08-31 03646350core:ComputerEquipment2022-09-012023-08-31 03646350core:Goodwill2022-08-31 03646350core:Goodwill2023-08-31 03646350core:MotorVehicles2022-08-31 03646350core:FurnitureFittings2022-08-31 03646350core:ComputerEquipment2022-08-31 03646350core:MotorVehicles2023-08-31 03646350core:FurnitureFittings2023-08-31 03646350core:ComputerEquipment2023-08-31 036463502021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 03646350 (England and Wales)
B S Entwistle Electrical Contractors Limited Unaudited accounts for the year ended 31 August 2023
B S Entwistle Electrical Contractors Limited Unaudited accounts Contents
Page
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B S Entwistle Electrical Contractors Limited Company Information for the year ended 31 August 2023
Director
B J McLoughlin
Secretary
B J McLoughlin
Company Number
03646350 (England and Wales)
Registered Office
Entwistle House Unit 3 Fields New Road Chadderton Oldham OL9 8NH
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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B S Entwistle Electrical Contractors Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
247 
4,189 
Current assets
Inventories
5,450 
5,450 
Debtors
1,319,332 
987,437 
Cash at bank and in hand
260,676 
321,915 
1,585,458 
1,314,802 
Creditors: amounts falling due within one year
(782,829)
(514,728)
Net current assets
802,629 
800,074 
Total assets less current liabilities
802,876 
804,263 
Creditors: amounts falling due after more than one year
(111,234)
(167,414)
Provisions for liabilities
Deferred tax
(65)
(796)
Net assets
691,577 
636,053 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
691,567 
636,043 
Shareholders' funds
691,577 
636,053 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 4 April 2024 and were signed on its behalf by
B J McLoughlin Director Company Registration No. 03646350
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B S Entwistle Electrical Contractors Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
B S Entwistle Electrical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 03646350. The registered office is Entwistle House Unit 3 Fields New Road, Chadderton, Oldham, OL9 8NH.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% straight line basis
Fixtures & fittings
20% straight line basis
Computer equipment
33% straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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 taxation
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.
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B S Entwistle Electrical Contractors Limited Notes to the Accounts for the year ended 31 August 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
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.
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
279,600 
At 31 August 2023
279,600 
Amortisation
At 1 September 2022
279,600 
At 31 August 2023
279,600 
Net book value
At 31 August 2023
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
700 
10,088 
13,637 
24,425 
At 31 August 2023
700 
10,088 
13,637 
24,425 
Depreciation
At 1 September 2022
432 
8,487 
11,317 
20,236 
Charge for the year
140 
1,482 
2,320 
3,942 
At 31 August 2023
572 
9,969 
13,637 
24,178 
Net book value
At 31 August 2023
128 
119 
- 
247 
At 31 August 2022
268 
1,601 
2,320 
4,189 
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B S Entwistle Electrical Contractors Limited Notes to the Accounts for the year ended 31 August 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
60,273 
35,909 
Trade debtors
294,937 
173,583 
Amounts due from group undertakings etc.
734,241 
584,241 
Accrued income and prepayments
27,942 
3,840 
Other debtors
201,939 
189,864 
1,319,332 
987,437 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
61,576 
56,601 
Trade creditors
526,483 
356,288 
Taxes and social security
95,534 
71,339 
Other creditors
31,554 
30,500 
Accruals
67,682 
- 
782,829 
514,728 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
111,234 
167,414 
9
Average number of employees
During the year the average number of employees was 30 (2022: 30).
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