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REGISTERED NUMBER: NI609050 (Northern Ireland)










Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Building Automation Controls Ltd.

Building Automation Controls Ltd. (Registered number: NI609050)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Building Automation Controls Ltd.

Company Information
for the Year Ended 28 February 2024







DIRECTOR: Mr J D Roberts





REGISTERED OFFICE: Suite 2 Bamford House
91-93 Saintfield Road
Belfast
Co. Antrim
BT8 7HN





REGISTERED NUMBER: NI609050 (Northern Ireland)





ACCOUNTANTS: KGA Accountants LLP
Building 2
The Sidings
Antrim Road
Lisburn
Co. Antrim
BT28 3AJ

Building Automation Controls Ltd. (Registered number: NI609050)

Abridged Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,724 28,118

CURRENT ASSETS
Stocks 386,350 368,398
Debtors 326,639 475,421
Cash at bank and in hand 1,376,433 1,191,468
2,089,422 2,035,287
CREDITORS
Amounts falling due within one year 160,008 190,753
NET CURRENT ASSETS 1,929,414 1,844,534
TOTAL ASSETS LESS CURRENT LIABILITIES 1,958,138 1,872,652

CREDITORS
Amounts falling due after more than one
year

(1,642

)

(4,320

)

PROVISIONS FOR LIABILITIES (5,342 ) (5,342 )
NET ASSETS 1,951,154 1,862,990

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 1,951,054 1,862,890
SHAREHOLDERS' FUNDS 1,951,154 1,862,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Building Automation Controls Ltd. (Registered number: NI609050)

Abridged Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 June 2024 and were signed by:





Mr J D Roberts - Director


Building Automation Controls Ltd. (Registered number: NI609050)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Building Automation Controls Ltd. is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling which is the functional currency of the entity and rounded to the nearest £.

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.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Equipment - 15% on reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Building Automation Controls Ltd. (Registered number: NI609050)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 72,614
Additions 8,702
Disposals (9,885 )
At 28 February 2024 71,431
DEPRECIATION
At 1 March 2023 44,496
Charge for year 6,700
Eliminated on disposal (7,559 )
Transfer to ownership (930 )
At 28 February 2024 42,707
NET BOOK VALUE
At 28 February 2024 28,724
At 28 February 2023 28,118

Building Automation Controls Ltd. (Registered number: NI609050)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 March 2023 27,813
Transfer to ownership (12,688 )
At 28 February 2024 15,125
DEPRECIATION
At 1 March 2023 5,012
Charge for year 2,762
Transfer to ownership (3,024 )
At 28 February 2024 4,750
NET BOOK VALUE
At 28 February 2024 10,375
At 28 February 2023 22,801

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100