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
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
Burroughs Electrical Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
21,665
24,548
Cash at bank and in hand
20,381
18,047
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
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
Burroughs Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2024
3,138
16,875
1,652
21,665
At 31 March 2023
964
22,501
1,083
24,548
Burroughs Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
1,229
2,223
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
5,486
Taxes and social security
11,003
8,634
Other creditors
14,372
360
Loans from directors
1,923
-
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).