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Company Registration No. 03719886 (England and Wales)
Buzz Electrical Limited Unaudited accounts for the year ended 31 December 2023
Buzz Electrical Limited Unaudited accounts Contents
Page
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Buzz Electrical Limited Company Information for the year ended 31 December 2023
Directors
Stephen Douglas Owens Susan Owens Robert William Shaughnessy
Secretary
Susan Owens
Company Number
03719886 (England and Wales)
Registered Office
5 ABBEY LANE COURT ABBEY LANE EVESHAM WORCESTERSHIRE WR11 4BY
Accountants
Rachael Miles 2 Brook Lane Charlton Pershore Worcestershire WR10 3LG
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Buzz Electrical Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
136,054 
312,437 
Current assets
Inventories
18,274 
22,320 
Debtors
201,524 
289,888 
Cash at bank and in hand
100,194 
4,630 
319,992 
316,838 
Creditors: amounts falling due within one year
(228,803)
(302,642)
Net current assets
91,189 
14,196 
Total assets less current liabilities
227,243 
326,633 
Creditors: amounts falling due after more than one year
(45,003)
(130,579)
Provisions for liabilities
Deferred tax
(25,851)
(18,843)
Net assets
156,389 
177,211 
Capital and reserves
Called up share capital
612 
612 
Revaluation reserve
(37,093)
- 
Profit and loss account
192,870 
176,599 
Shareholders' funds
156,389 
177,211 
For the year ending 31 December 2023 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 19 September 2024 and were signed on its behalf by
Stephen Douglas Owens Director Company Registration No. 03719886
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Buzz Electrical Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Buzz Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 03719886. The registered office is 5 ABBEY LANE COURT, ABBEY LANE, EVESHAM, WORCESTERSHIRE, WR11 4BY.
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:
Land & buildings
2% on cost and not provided
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
223,602 
28,588 
181,502 
13,153 
94,512 
541,357 
Additions
- 
7,184 
75,938 
- 
140 
83,262 
Disposals
(223,602)
- 
(25,015)
- 
- 
(248,617)
At 31 December 2023
- 
35,772 
232,425 
13,153 
94,652 
376,002 
Depreciation
At 1 January 2023
13,602 
24,243 
111,944 
7,617 
71,514 
228,920 
Charge for the year
- 
1,320 
34,695 
830 
6,083 
42,928 
On disposals
(13,602)
- 
(18,298)
- 
- 
(31,900)
At 31 December 2023
- 
25,563 
128,341 
8,447 
77,597 
239,948 
Net book value
At 31 December 2023
- 
10,209 
104,084 
4,706 
17,055 
136,054 
At 31 December 2022
210,000 
4,345 
69,558 
5,536 
22,998 
312,437 
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Buzz Electrical Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
16,089 
13,842 
Trade debtors
182,427 
270,642 
Amounts due from group undertakings etc.
- 
486 
Accrued income and prepayments
3,008 
3,418 
Other debtors
- 
1,500 
201,524 
289,888 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
69,231 
43,492 
Obligations under finance leases and hire purchase contracts
13,344 
6,350 
Trade creditors
95,266 
148,554 
Taxes and social security
23,095 
60,482 
Other creditors
12,838 
36,659 
Loans from directors
1 
- 
Accruals
15,028 
7,105 
228,803 
302,642 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,667 
116,292 
Obligations under finance leases and hire purchase contracts
28,336 
14,287 
45,003 
130,579 
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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