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
Buzz Electrical Limited
Company Information
for the year ended 31 December 2023
Directors
Stephen Douglas Owens
Susan Owens
Robert William Shaughnessy
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
Buzz Electrical Limited
Statement of financial position
as at 31 December 2023
Tangible assets
136,054
312,437
Cash at bank and in hand
100,194
4,630
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
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
Buzz Electrical Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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:
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
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
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
Buzz Electrical Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
182,427
270,642
Amounts due from group undertakings etc.
-
486
Accrued income and prepayments
3,008
3,418
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
28,336
14,287
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).