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REGISTERED NUMBER: 13876708 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

BIA Electric Ltd

BIA Electric Ltd (Registered number: 13876708)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIA Electric Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: T E Gauntlett
D Gauntlett





REGISTERED OFFICE: 7 Cooks Lane
Emsworth
Hampshire
PO10 8LG





REGISTERED NUMBER: 13876708 (England and Wales)






BIA Electric Ltd (Registered number: 13876708)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,285 1,155

CURRENT ASSETS
Stocks 4,758 4,764
Debtors 5 7,730 5,923
Cash at bank 522 9
13,010 10,696
CREDITORS
Amounts falling due within one year 6 18,004 4,540
NET CURRENT (LIABILITIES)/ASSETS (4,994 ) 6,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

(709

)

7,311

CREDITORS
Amounts falling due after more than one
year

7

-

6,350
NET (LIABILITIES)/ASSETS (709 ) 961

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (710 ) 960
(709 ) 961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

BIA Electric Ltd (Registered number: 13876708)

Balance Sheet - continued
31 January 2024


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 28 October 2024 and were signed on its behalf by:





T E Gauntlett - Director


BIA Electric Ltd (Registered number: 13876708)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

BIA Electric 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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

BIA Electric Ltd (Registered number: 13876708)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,225
Additions 4,143
Disposals (217 )
At 31 January 2024 5,151
DEPRECIATION
At 1 February 2023 70
Charge for year 805
Eliminated on disposal (9 )
At 31 January 2024 866
NET BOOK VALUE
At 31 January 2024 4,285
At 31 January 2023 1,155

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 7,730 5,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 9,796 -
Taxation and social security 3,413 3,321
Other creditors 4,795 1,219
18,004 4,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors - 6,350

Amounts falling due in more than five years:

Repayable by instalments
Family loan - 6,350

8. ULTIMATE CONTROLLING PARTY

Ultimate control of the company is held by Mr T Gauntlett by virtue of his shareholding.