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REGISTERED NUMBER: 02616185 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Blaby Electrical Limited

Blaby Electrical Limited (Registered number: 02616185)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blaby Electrical Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: B M French
E Smith





REGISTERED OFFICE: Waterloo House
12-14 Waterloo Crescent
Wigston
LE18 3QH





REGISTERED NUMBER: 02616185 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Blaby Electrical Limited (Registered number: 02616185)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 69,787 110,950

CURRENT ASSETS
Stocks 30,250 33,324
Debtors 5 231,060 361,711
Cash at bank and in hand 257,636 1,001,587
518,946 1,396,622
CREDITORS
Amounts falling due within one year 6 (170,178 ) (287,418 )
NET CURRENT ASSETS 348,768 1,109,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,555

1,220,154

PROVISIONS FOR LIABILITIES - (3,362 )
NET ASSETS 418,555 1,216,792

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 418,551 1,216,788
SHAREHOLDERS' FUNDS 418,555 1,216,792

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

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

The directors acknowledge their 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.

Blaby Electrical Limited (Registered number: 02616185)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





B M French - Director


Blaby Electrical Limited (Registered number: 02616185)

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

1. STATUTORY INFORMATION

Blaby Electrical 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - Not provided
Improvements to leasehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell on a first in first out basis 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Blaby Electrical Limited (Registered number: 02616185)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 the Profit and Loss Account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
Freehold leasehold Plant and
land property machinery
£    £    £   
COST
At 1 August 2022 20,000 39,649 32,081
Additions - 10,153 -
Disposals (20,000 ) - -
At 31 July 2023 - 49,802 32,081
DEPRECIATION
At 1 August 2022 - 9,516 30,302
Charge for year - 963 267
Eliminated on disposal - - -
At 31 July 2023 - 10,479 30,569
NET BOOK VALUE
At 31 July 2023 - 39,323 1,512
At 31 July 2022 20,000 30,133 1,779

Blaby Electrical Limited (Registered number: 02616185)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 5,173 186,987 28,478 312,368
Additions - 24,150 2,650 36,953
Disposals - (90,404 ) - (110,404 )
At 31 July 2023 5,173 120,733 31,128 238,917
DEPRECIATION
At 1 August 2022 3,632 130,396 27,572 201,418
Charge for year 231 8,436 1,223 11,120
Eliminated on disposal - (43,408 ) - (43,408 )
At 31 July 2023 3,863 95,424 28,795 169,130
NET BOOK VALUE
At 31 July 2023 1,310 25,309 2,333 69,787
At 31 July 2022 1,541 56,591 906 110,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 212,638 349,959
Amounts recoverable on contract 9,040 1,450
Other debtors 9,382 10,302
231,060 361,711

Other debtors includes prepayments and accrued income of £9,382 (2022: £10,302).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 48,279 92,920
Amounts owed to group undertakings - 14,720
Taxation and social security 86,740 92,193
Other creditors 35,159 87,585
170,178 287,418

Other creditors includes accruals and deferred income of £22,050 (2022: £19,739).

7. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £140,480 (2022 - £Nil).