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REGISTERED NUMBER: 03857526 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

B C Electrical Contractors Limited

B C Electrical Contractors Limited (Registered number: 03857526)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B C Electrical Contractors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B Chadwick
Mrs A Chadwick
M Chadwick
Miss H Chadwick





SECRETARY: A J Chadwick





REGISTERED OFFICE: Units 5 - 8
Park Industrial Estate
Ashton in Makerfield
Wigan
Greater Manchester
WN4 0YU





REGISTERED NUMBER: 03857526 (England and Wales)





ACCOUNTANTS: Ashford Rainham Limited
10-12 Upper Dicconson St
Wigan
Lancashire
WN1 2AD

B C Electrical Contractors Limited (Registered number: 03857526)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,809 31,745

CURRENT ASSETS
Stocks 124,877 94,046
Debtors 5 170,123 383,810
Cash at bank 288,005 188,354
583,005 666,210
CREDITORS
Amounts falling due within one year 6 99,854 107,194
NET CURRENT ASSETS 483,151 559,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,960

590,761

CREDITORS
Amounts falling due after more than one
year

7

55,188

118,862
NET ASSETS 451,772 471,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 451,672 471,799
SHAREHOLDERS' FUNDS 451,772 471,899

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2024 and were signed on its behalf by:




B Chadwick - Director



Mrs A Chadwick - Director


B C Electrical Contractors Limited (Registered number: 03857526)

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

1. STATUTORY INFORMATION

B C Electrical Contractors Limited 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.

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 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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

B C Electrical Contractors Limited (Registered number: 03857526)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 98,241
DEPRECIATION
At 1 January 2023 66,496
Charge for year 7,936
At 31 December 2023 74,432
NET BOOK VALUE
At 31 December 2023 23,809
At 31 December 2022 31,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 84,482 77,703
Other debtors 85,641 306,107
170,123 383,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 45,152 55,883
Taxation and social security 52,707 50,211
Other creditors 1,995 1,100
99,854 107,194

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 55,188 118,862

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
B Chadwick
Balance outstanding at start of year 116,001 -
Amounts advanced 85,641 116,001
Amounts repaid (116,001 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,641 116,001

B C Electrical Contractors Limited (Registered number: 03857526)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss H Chadwick
Balance outstanding at start of year 190,105 -
Amounts advanced - 190,105
Amounts repaid (191,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (895 ) 190,105

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 were paid to the directors .

During the year the company paid rent for a commercial property owned by Mr & Mrs Chadwick in the amount of £10000 (2022 - £10000)