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REGISTERED NUMBER: 04838141 (England and Wales)















N R Bishop Electrical Contractor Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






N R Bishop Electrical Contractor Limited (Registered number: 04838141)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 5


N R Bishop Electrical Contractor Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: N R Bishop



REGISTERED OFFICE: 1 Bramley Road
Street
Somerset
BA16 0QE



REGISTERED NUMBER: 04838141 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
7 High Street
Wells
Somerset
BA5 2AD

N R Bishop Electrical Contractor Limited (Registered number: 04838141)

Abridged Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 22,572 27,820
22,572 27,820

CURRENT ASSETS
Stocks 14,000 15,000
Debtors 17,872 32,109
Cash at bank 57,003 54,483
88,875 101,592
CREDITORS
Amounts falling due within one year 26,405 41,163
NET CURRENT ASSETS 62,470 60,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,042

88,249

PROVISIONS FOR LIABILITIES 4,289 5,286
NET ASSETS 80,753 82,963

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,653 82,863
SHAREHOLDERS' FUNDS 80,753 82,963

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

N R Bishop Electrical Contractor Limited (Registered number: 04838141)

Abridged 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

N R Bishop Electrical Contractor Limited (Registered number: 04838141)

Abridged Statement of Financial Position - continued
31 August 2023



The financial statements were approved by the director and authorised for issue on 15 December 2023 and were signed by:





N R Bishop - Director


N R Bishop Electrical Contractor Limited (Registered number: 04838141)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

N R Bishop Electrical Contractor Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


N R Bishop Electrical Contractor Limited (Registered number: 04838141)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 53,600
AMORTISATION
At 1 September 2022
and 31 August 2023 53,600
NET BOOK VALUE

At 31 August 2023 -
At 31 August 2022 -

N R Bishop Electrical Contractor Limited (Registered number: 04838141)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 117,773
Additions 1,377
At 31 August 2023 119,150
DEPRECIATION
At 1 September 2022 89,953
Charge for year 6,625
At 31 August 2023 96,578
NET BOOK VALUE
At 31 August 2023 22,572
At 31 August 2022 27,820