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REGISTERED NUMBER: 08141464 (England and Wales)















Bostock Electrical Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Bostock Electrical Ltd (Registered number: 08141464)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bostock Electrical Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Bostock





SECRETARY: Mrs L Bostock





REGISTERED OFFICE: 142 Scarborough Drive
Minster
Sheerness
Kent
ME12 2LX





REGISTERED NUMBER: 08141464 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Bostock Electrical Ltd (Registered number: 08141464)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,462 4,865

CURRENT ASSETS
Debtors 5 70,631 15,577
Cash at bank 118,161 155,742
188,792 171,319
CREDITORS
Amounts falling due within one year 6 146,397 145,762
NET CURRENT ASSETS 42,395 25,557
TOTAL ASSETS LESS CURRENT LIABILITIES 45,857 30,422

CREDITORS
Amounts falling due after more than one
year

7

(12,439

)

(22,389

)

PROVISIONS FOR LIABILITIES (658 ) (924 )
NET ASSETS 32,760 7,109

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 32,758 7,107
SHAREHOLDERS' FUNDS 32,760 7,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Bostock Electrical Ltd (Registered number: 08141464)

Statement of Financial Position - continued
31 March 2024


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 director and authorised for issue on 17 July 2024 and were signed by:





D Bostock - Director


Bostock Electrical Ltd (Registered number: 08141464)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bostock Electrical Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and Straight line over 10 years

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

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 by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Bostock Electrical Ltd (Registered number: 08141464)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 32,005
Disposals (2,096 )
At 31 March 2024 29,909
DEPRECIATION
At 1 April 2023 27,140
Charge for year 1,403
Eliminated on disposal (2,096 )
At 31 March 2024 26,447
NET BOOK VALUE
At 31 March 2024 3,462
At 31 March 2023 4,865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,895 14,062
Other debtors 736 1,515
70,631 15,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,778 4,937
Taxation and social security 27,937 7,263
Other creditors 103,682 123,562
146,397 145,762

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,439 22,389

Bostock Electrical Ltd (Registered number: 08141464)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2