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REGISTERED NUMBER: 04836138 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRADSHAW ELECTRICAL LTD

BRADSHAW ELECTRICAL LTD (REGISTERED NUMBER: 04836138)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADSHAW ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M B Bradshaw
Mrs D J Bradshaw
D J Bradshaw





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 30 Harrier Way
Waltham Abbey
Essex
EN9 3JQ





REGISTERED NUMBER: 04836138 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

BRADSHAW ELECTRICAL LTD (REGISTERED NUMBER: 04836138)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,527 22,188
42,527 22,188

CURRENT ASSETS
Stocks 30,171 3,000
Debtors 6 88,348 46,595
Cash at bank and in hand 115,786 127,879
234,305 177,474
CREDITORS
Amounts falling due within one year 7 117,712 109,286
NET CURRENT ASSETS 116,593 68,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,120

90,376

CREDITORS
Amounts falling due after more than one
year

8

(23,833

)

(12,777

)

PROVISIONS FOR LIABILITIES (9,985 ) (5,547 )
NET ASSETS 125,302 72,052

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 124,302 71,052
SHAREHOLDERS' FUNDS 125,302 72,052

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 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.

BRADSHAW ELECTRICAL LTD (REGISTERED NUMBER: 04836138)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





M B Bradshaw - Director


BRADSHAW ELECTRICAL LTD (REGISTERED NUMBER: 04836138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bradshaw 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.

Turnover
Turnover represents the net invoiced value of services supplied, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2003, has been amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 balance sheet date.


BRADSHAW ELECTRICAL LTD (REGISTERED NUMBER: 04836138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. 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.

Hire purchase and leasing commitments
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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 16,560
AMORTISATION
At 1 April 2023
and 31 March 2024 16,560
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BRADSHAW ELECTRICAL LTD (REGISTERED NUMBER: 04836138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 April 2023 3,551 7,773 2,113
Additions - 435 -
At 31 March 2024 3,551 8,208 2,113
DEPRECIATION
At 1 April 2023 675 5,067 1,159
Charge for year 287 314 95
At 31 March 2024 962 5,381 1,254
NET BOOK VALUE
At 31 March 2024 2,589 2,827 859
At 31 March 2023 2,876 2,706 954

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 51,254 3,631 68,322
Additions 32,620 129 33,184
At 31 March 2024 83,874 3,760 101,506
DEPRECIATION
At 1 April 2023 36,072 3,161 46,134
Charge for year 11,950 199 12,845
At 31 March 2024 48,022 3,360 58,979
NET BOOK VALUE
At 31 March 2024 35,852 400 42,527
At 31 March 2023 15,182 470 22,188

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 79,707 42,011
Other debtors 8,641 4,584
88,348 46,595

BRADSHAW ELECTRICAL LTD (REGISTERED NUMBER: 04836138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 7,945 3,333
Trade creditors 10,729 16,011
Taxation and social security 62,273 51,678
Other creditors 31,765 33,264
117,712 109,286

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,833 10,833
Hire purchase contracts 18,000 1,944
23,833 12,777

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
750 Ordinary "A" £1 750 750
250 Ordinary "B" £1 250 250
1,000 1,000