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Company Registration No. 04766595 (England and Wales)
B & T Electrical Services Limited Unaudited accounts for the year ended 31 May 2023
B & T Electrical Services Limited Unaudited accounts Contents
Page
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B & T Electrical Services Limited Company Information for the year ended 31 May 2023
Directors
Timothy Francis Barrie Harding
Company Number
04766595 (England and Wales)
Registered Office
Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH ENGLAND
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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B & T Electrical Services Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
4,734 
Tangible assets
22,687 
30,250 
22,687 
34,984 
Current assets
Inventories
1,500 
1,500 
Debtors
21,828 
27,276 
Cash at bank and in hand
29,165 
18,073 
52,493 
46,849 
Creditors: amounts falling due within one year
(56,401)
(50,384)
Net current liabilities
(3,908)
(3,535)
Total assets less current liabilities
18,779 
31,449 
Creditors: amounts falling due after more than one year
(14,329)
(22,717)
Provisions for liabilities
Deferred tax
(4,311)
(5,748)
Net assets
139 
2,984 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
39 
2,884 
Shareholders' funds
139 
2,984 
For the year ending 31 May 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.
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 6 February 2024 and were signed on its behalf by
Timothy Francis Director Company Registration No. 04766595
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B & T Electrical Services Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
B & T Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04766595. The registered office is Wolfe Mead, Farnham Road, Bordon, Hampshire, GU35 0NH, ENGLAND.
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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.
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
25% on reducing balance
Fixtures & fittings
25% on reducing balance
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.
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.
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B & T Electrical Services Limited Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
94,680 
At 31 May 2023
94,680 
Amortisation
At 1 June 2022
89,946 
Charge for the year
4,734 
At 31 May 2023
94,680 
Net book value
At 31 May 2023
- 
At 31 May 2022
4,734 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
45,384 
11,053 
56,437 
At 31 May 2023
45,384 
11,053 
56,437 
Depreciation
At 1 June 2022
15,567 
10,620 
26,187 
Charge for the year
7,455 
108 
7,563 
At 31 May 2023
23,022 
10,728 
33,750 
Net book value
At 31 May 2023
22,362 
325 
22,687 
At 31 May 2022
29,817 
433 
30,250 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
28,328 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,612 
25,404 
Other debtors
11,216 
1,872 
21,828 
27,276 
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B & T Electrical Services Limited Notes to the Accounts for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,317 
- 
Obligations under finance leases and hire purchase contracts
8,388 
8,388 
Trade creditors
24,071 
14,207 
Taxes and social security
15,875 
26,349 
Other creditors
- 
750 
Loans from directors
- 
690 
Accruals
750 
- 
56,401 
50,384 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
14,329 
22,717 
9
Loans to directors
The above loans have been provided interest free with no fixed terms for repayment.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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