IRIS Accounts Production v24.2.0.383 06026839 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060268392022-12-31060268392023-12-31060268392023-01-012023-12-31060268392021-12-31060268392022-01-012022-12-31060268392022-12-3106026839ns15:EnglandWales2023-01-012023-12-3106026839ns14:PoundSterling2023-01-012023-12-3106026839ns10:Director12023-01-012023-12-3106026839ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106026839ns10:SmallEntities2023-01-012023-12-3106026839ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106026839ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106026839ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106026839ns10:FullAccounts2023-01-012023-12-310602683912023-01-012023-12-3106026839ns10:OrdinaryShareClass12023-01-012023-12-3106026839ns10:Director22023-01-012023-12-3106026839ns10:CompanySecretary12023-01-012023-12-3106026839ns10:RegisteredOffice2023-01-012023-12-3106026839ns5:CurrentFinancialInstruments2023-12-3106026839ns5:CurrentFinancialInstruments2022-12-3106026839ns5:Non-currentFinancialInstruments2023-12-3106026839ns5:Non-currentFinancialInstruments2022-12-3106026839ns5:ShareCapital2023-12-3106026839ns5:ShareCapital2022-12-3106026839ns5:RetainedEarningsAccumulatedLosses2023-12-3106026839ns5:RetainedEarningsAccumulatedLosses2022-12-3106026839ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106026839ns5:MotorVehicles2023-01-012023-12-3106026839ns5:ComputerEquipment2023-01-012023-12-3106026839ns5:NetGoodwill2022-12-3106026839ns5:NetGoodwill2023-12-3106026839ns5:NetGoodwill2022-12-3106026839ns5:MotorVehicles2022-12-3106026839ns5:ComputerEquipment2022-12-3106026839ns5:MotorVehicles2023-12-3106026839ns5:ComputerEquipment2023-12-3106026839ns5:MotorVehicles2022-12-3106026839ns5:ComputerEquipment2022-12-3106026839ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106026839ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106026839ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3106026839ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3106026839ns10:OrdinaryShareClass12023-12-31060268391ns10:Director12022-12-31060268391ns10:Director12021-12-31060268391ns10:Director12023-01-012023-12-31060268391ns10:Director12022-01-012022-12-31060268391ns10:Director12023-12-31060268391ns10:Director12022-12-31
REGISTERED NUMBER: 06026839 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

B.A.C. ELECTRICAL LIMITED

B.A.C. ELECTRICAL LIMITED (REGISTERED NUMBER: 06026839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.A.C. ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B A Cox
J D Cox





SECRETARY: Mrs C M Cox





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 06026839 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

B.A.C. ELECTRICAL LIMITED (REGISTERED NUMBER: 06026839)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,487 13,817
14,487 13,817

CURRENT ASSETS
Stocks 2,710 2,840
Debtors 6 163,045 151,822
Cash at bank and in hand 67,524 63,575
233,279 218,237
CREDITORS
Amounts falling due within one year 7 64,844 67,282
NET CURRENT ASSETS 168,435 150,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,922

164,772

CREDITORS
Amounts falling due after more than one year 8 (15,662 ) (25,781 )

PROVISIONS FOR LIABILITIES (3,622 ) (3,454 )
NET ASSETS 163,638 135,537

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 163,538 135,437
SHAREHOLDERS' FUNDS 163,638 135,537

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.

B.A.C. ELECTRICAL LIMITED (REGISTERED NUMBER: 06026839)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J D Cox - Director


B.A.C. ELECTRICAL LIMITED (REGISTERED NUMBER: 06026839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

B.A.C. Electrical 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued using the first in first out method, 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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

B.A.C. ELECTRICAL LIMITED (REGISTERED NUMBER: 06026839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Goodwill
Goodwill arising on the incorporation B A C Electrical Limited from B A Cox Electrical Contractors on 1 January 2007, is being amortised over its estimated useful life of 10 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 33,867
AMORTISATION
At 1 January 2023
and 31 December 2023 33,867
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 45,803 569 46,372
Additions 5,500 - 5,500
At 31 December 2023 51,303 569 51,872
DEPRECIATION
At 1 January 2023 32,413 142 32,555
Charge for year 4,723 107 4,830
At 31 December 2023 37,136 249 37,385
NET BOOK VALUE
At 31 December 2023 14,167 320 14,487
At 31 December 2022 13,390 427 13,817

B.A.C. ELECTRICAL LIMITED (REGISTERED NUMBER: 06026839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 79,854 65,805
Other debtors 22,000 16,436
Directors' current accounts 61,191 69,581
163,045 151,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,119 9,870
Trade creditors 4,523 11,905
Corporation tax 20,761 16,178
Social security and other taxes 24,892 20,417
Directors' current accounts 2,349 2,349
Accrued expenses 2,200 6,563
64,844 67,282

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,662 25,781

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
J D Cox
Balance outstanding at start of year 69,581 52,462
Amounts advanced 11,609 17,119
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,190 69,581