IRIS Accounts Production v24.1.0.578 06030299 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060302992022-12-31060302992023-12-31060302992023-01-012023-12-31060302992021-12-31060302992022-01-012022-12-31060302992022-12-3106030299ns15:EnglandWales2023-01-012023-12-3106030299ns14:PoundSterling2023-01-012023-12-3106030299ns10:Director12023-01-012023-12-3106030299ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106030299ns10:SmallEntities2023-01-012023-12-3106030299ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3106030299ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106030299ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106030299ns10:FullAccounts2023-01-012023-12-310603029912023-01-012023-12-3106030299ns10:Director32023-01-012023-12-3106030299ns10:Director22023-01-012023-12-3106030299ns10:RegisteredOffice2023-01-012023-12-3106030299ns5:CurrentFinancialInstruments2023-12-3106030299ns5:CurrentFinancialInstruments2022-12-3106030299ns5:ShareCapital2023-12-3106030299ns5:ShareCapital2022-12-3106030299ns5:RetainedEarningsAccumulatedLosses2023-12-3106030299ns5:RetainedEarningsAccumulatedLosses2022-12-3106030299ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106030299ns5:PlantMachinery2023-01-012023-12-3106030299ns5:MotorVehicles2023-01-012023-12-3106030299ns5:NetGoodwill2022-12-3106030299ns5:NetGoodwill2023-12-3106030299ns5:NetGoodwill2022-12-3106030299ns5:PlantMachinery2022-12-3106030299ns5:MotorVehicles2022-12-3106030299ns5:PlantMachinery2023-12-3106030299ns5:MotorVehicles2023-12-3106030299ns5:PlantMachinery2022-12-3106030299ns5:MotorVehicles2022-12-3106030299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106030299ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
















B & W Electrical (South Wales) Limited

Financial Statements for the Year Ended 31 December 2023






B & W Electrical (South Wales) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J N Bye
S Bye
I Bye





REGISTERED OFFICE: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA





REGISTERED NUMBER: 06030299 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
B & W Electrical (South Wales) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of B & W Electrical (South Wales) Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of B & W Electrical (South Wales) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of B & W Electrical (South Wales) Limited and state those matters that we have agreed to state to the Board of Directors of B & W Electrical (South Wales) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B & W Electrical (South Wales) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that B & W Electrical (South Wales) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of B & W Electrical (South Wales) Limited. You consider that B & W Electrical (South Wales) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of B & W Electrical (South Wales) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


23 April 2024

B & W Electrical (South Wales) Limited (Registered number: 06030299)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 3,734 4,979
3,734 4,979

CURRENT ASSETS
Stocks 10,998 15,000
Debtors 5 13,166 6,096
Cash at bank 274,062 225,481
298,226 246,577
CREDITORS
Amounts falling due within one year 6 131,877 114,404
NET CURRENT ASSETS 166,349 132,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,083

137,152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 169,983 137,052
SHAREHOLDERS' FUNDS 170,083 137,152

B & W Electrical (South Wales) Limited (Registered number: 06030299)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





J N Bye - Director


B & W Electrical (South Wales) Limited (Registered number: 06030299)

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


1. 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 represents the invoiced value of installation and repair of electrical wiring, net of value added tax and trade discounts.

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.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance

Work-in-progress
Work-in-progress is recognised at sales value by reference to the stage of completion at the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


B & W Electrical (South Wales) Limited (Registered number: 06030299)

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


1. ACCOUNTING POLICIES - continued
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.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 90,000
AMORTISATION
At 1 January 2023
and 31 December 2023 90,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

B & W Electrical (South Wales) Limited (Registered number: 06030299)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,355 19,980 23,335
DEPRECIATION
At 1 January 2023 2,915 15,441 18,356
Charge for year 110 1,135 1,245
At 31 December 2023 3,025 16,576 19,601
NET BOOK VALUE
At 31 December 2023 330 3,404 3,734
At 31 December 2022 440 4,539 4,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,389 115
Other debtors & prepayments 3,777 5,981
13,166 6,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,908 8,165
Taxes & social security costs 42,392 34,557
Other creditors & accruals 83,577 71,682
131,877 114,404