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Company Registration No. 12268818 (England and Wales)
BSD Electrical Services Limited Unaudited accounts for the year ended 31 March 2024
BSD Electrical Services Limited Unaudited accounts Contents
Page
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BSD Electrical Services Limited Company Information for the year ended 31 March 2024
Director
B Forzani
Company Number
12268818 (England and Wales)
Registered Office
FLAT 1 6 SPRINGFIELD ROAD WALLINGTON SURREY SM6 0DB ENGLAND
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BSD Electrical Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
6,298 
Current assets
Debtors
80,475 
72,549 
Cash at bank and in hand
68,877 
206,277 
149,352 
278,826 
Creditors: amounts falling due within one year
(36,302)
(104,414)
Net current assets
113,050 
174,412 
Total assets less current liabilities
113,051 
180,710 
Provisions for liabilities
Deferred tax
- 
(1,197)
Net assets
113,051 
179,513 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
112,951 
179,413 
Shareholders' funds
113,051 
179,513 
For the year ending 31 March 2024 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 11 April 2024 and were signed on its behalf by
B Forzani Director Company Registration No. 12268818
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BSD Electrical Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
BSD Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 12268818. The registered office is FLAT 1, 6 SPRINGFIELD ROAD, WALLINGTON, SURREY, SM6 0DB, 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. 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:
Plant & machinery
25% on cost
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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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BSD Electrical Services Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
25,190 
At 31 March 2024
25,190 
Depreciation
At 1 April 2023
18,892 
Charge for the year
6,297 
At 31 March 2024
25,189 
Net book value
At 31 March 2024
1 
At 31 March 2023
6,298 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,040 
29,657 
Other debtors
12,435 
42,892 
80,475 
72,549 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,250 
12,250 
VAT
- 
1,939 
Trade creditors
- 
3,614 
Taxes and social security
12,197 
34,426 
Other creditors
13,855 
14,143 
Loans from directors
- 
37,042 
Accruals
1,000 
1,000 
36,302 
104,414 
7
Transactions with related parties
Mr. B Forzani is the director of the company and owns 100% of the issued share capital. At the balance sheet date, the company owed £nil (2023- £37,042) to the director.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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