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REGISTERED NUMBER: 05197533 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BILTON & JOHNSON (ELECTRICAL) CO LTD.

BILTON & JOHNSON (ELECTRICAL) CO LTD. (REGISTERED NUMBER: 05197533)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BILTON & JOHNSON (ELECTRICAL) CO LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S.J. Bilton
M S Foster
R D Belcher





SECRETARY: R D Belcher





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 05197533 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

BILTON & JOHNSON (ELECTRICAL) CO LTD. (REGISTERED NUMBER: 05197533)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,487 -

CURRENT ASSETS
Stocks 179,991 95,033
Debtors 5 1,902,180 2,104,462
Cash at bank 1,237,758 1,061,562
3,319,929 3,261,057
CREDITORS
Amounts falling due within one year 6 434,120 540,031
NET CURRENT ASSETS 2,885,809 2,721,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,887,296

2,721,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,887,196 2,720,926
SHAREHOLDERS' FUNDS 2,887,296 2,721,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 5th October 2024 and were signed on its behalf by:





S.J. Bilton - Director


BILTON & JOHNSON (ELECTRICAL) CO LTD. (REGISTERED NUMBER: 05197533)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Bilton & Johnson (Electrical) Co Ltd. 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.

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

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

Work in progress is valued in accordance with UITF 40.

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 3 (2023 - 3 ) .

BILTON & JOHNSON (ELECTRICAL) CO LTD. (REGISTERED NUMBER: 05197533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,673
At 31st March 2024 1,673
DEPRECIATION
Charge for year 186
At 31st March 2024 186
NET BOOK VALUE
At 31st March 2024 1,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 413,815 644,537
Loan - Bilton & Johnson Co Ltd 1,309,210 982,577
VAT 171,390 475,615
Prepayments and accrued income 7,765 1,733
1,902,180 2,104,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 350,200 439,010
Taxation 54,309 47,123
Social security and other taxes 11,492 18,644
Accrued expenses 18,119 35,254
434,120 540,031

7. RELATED PARTY DISCLOSURES

Bilton & Johnson Co Ltd own 100 % of the share capital in Bilton & Johnson (Electrical) Co Ltd.

As at 31 March 2024 Bilton & Johnson Co. Limited owed Bilton & Johnson (Electrical) Co Ltd £1,309,210 (2023: £982,577). During the year ended 31 March 2024 Subcontract services of £841,005 (2023: £700,388) were purchased from Bilton & Johnson Co Ltd.

The company occupied premises owned by the ultimate controlling party rent free.

8. ULTIMATE CONTROLLING PARTY

The controlling party is S.J. Bilton.