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Company Registration No. 13958949 (England and Wales)
Burroughs Electrical Ltd Unaudited accounts for the year ended 31 March 2024
Burroughs Electrical Ltd Unaudited accounts Contents
Page
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Burroughs Electrical Ltd Company Information for the year ended 31 March 2024
Directors
Luke Burroughs Katie Burroughs Luke Burroughs Katie Burroughs
Company Number
13958949 (England and Wales)
Registered Office
11 Manor Park Church Road Great Barton BURY ST. EDMUNDS SUFFOLK IP31 2QR United Kingdom
Accountants
SMART Bookkeeping and Accounts Ltd SMART Bookkeeping and Accounts Ltd 11 Manor Park Church Road Great Barton Bury st Edmunds IP312QR
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Burroughs Electrical Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,665 
24,548 
Current assets
Inventories
1,800 
- 
Debtors
14,177 
3,885 
Cash at bank and in hand
20,381 
18,047 
36,358 
21,932 
Creditors: amounts falling due within one year
(27,298)
(21,635)
Net current assets
9,060 
297 
Total assets less current liabilities
30,725 
24,845 
Creditors: amounts falling due after more than one year
(18,744)
(18,744)
Provisions for liabilities
Deferred tax
(4,550)
- 
Net assets
7,431 
6,101 
Capital and reserves
Profit and loss account
7,431 
6,101 
Shareholders' funds
7,431 
6,101 
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 directors acknowledge their 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 of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Luke Burroughs Director Company Registration No. 13958949
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Burroughs Electrical Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Burroughs Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 13958949. The registered office is 11 Manor Park Church Road, Great Barton, BURY ST. EDMUNDS, SUFFOLK, IP31 2QR, United Kingdom.
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.
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
5 years straight line
Motor vehicles
5 years straight line
Computer equipment
5 years straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
1,205 
28,126 
1,354 
30,685 
Additions
2,465 
- 
916 
3,381 
At 31 March 2024
3,670 
28,126 
2,270 
34,066 
Depreciation
At 1 April 2023
241 
5,625 
271 
6,137 
Charge for the year
291 
5,626 
347 
6,264 
At 31 March 2024
532 
11,251 
618 
12,401 
Net book value
At 31 March 2024
3,138 
16,875 
1,652 
21,665 
At 31 March 2023
964 
22,501 
1,083 
24,548 
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Burroughs Electrical Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,377 
1,813 
Trade debtors
8,217 
(151)
Accrued income and prepayments
1,229 
2,223 
Other debtors
2,354 
- 
14,177 
3,885 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
2,409 
Obligations under finance leases and hire purchase contracts
- 
5,486 
Trade creditors
- 
4,746 
Taxes and social security
11,003 
8,634 
Other creditors
14,372 
360 
Loans from directors
1,923 
- 
27,298 
21,635 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
18,744 
18,744 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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