REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 2 August 2022 to 31 August 2023 |
for |
Broughton's Electrical Group Ltd |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
( |
) |
Provisions for liabilities | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
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 |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Fixtures, fittings & equipment | - |
Motor vehicles | - |
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 |
4. | Tangible fixed assets |
Fixtures, |
fittings | Motor |
& equipment | vehicles | Totals |
£ | £ | £ |
Cost |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2023 |
Depreciation |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2023 |
Net book value |
At 31 August 2023 |
5. | Debtors: amounts falling due within one year |
£ |
Trade debtors |
Other debtors |
6. | Creditors: amounts falling due within one year |
£ |
Hire purchase contracts |
Taxation and social security |
Other creditors |
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 |
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: | £ |
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. |