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REGISTERED NUMBER: 08414112 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Gra-bern Electrical Ltd

Gra-bern Electrical Ltd (Registered number: 08414112)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gra-bern Electrical Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: G L N Brown
Mrs H J Brown





REGISTERED OFFICE: Unit 26 Tweedale Court Industrial Estate
Madeley
Telford
Shropshire
TF7 4JZ





REGISTERED NUMBER: 08414112 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Gra-bern Electrical Ltd (Registered number: 08414112)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,947 42,510

CURRENT ASSETS
Stocks 91,638 79,325
Debtors 5 111,357 118,949
202,995 198,274
CREDITORS
Amounts falling due within one year 6 224,951 212,549
NET CURRENT LIABILITIES (21,956 ) (14,275 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,991

28,235

CREDITORS
Amounts falling due after more than one
year

7

(12,748

)

(18,417

)

PROVISIONS FOR LIABILITIES (8,730 ) (7,587 )
NET ASSETS 2,513 2,231

CAPITAL AND RESERVES
Called up share capital 8 50 50
Retained earnings 2,463 2,181
SHAREHOLDERS' FUNDS 2,513 2,231

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

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

Gra-bern Electrical Ltd (Registered number: 08414112)

Balance Sheet - continued
31 July 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 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 29 October 2024 and were signed on its behalf by:





G L N Brown - Director


Gra-bern Electrical Ltd (Registered number: 08414112)

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

1. STATUTORY INFORMATION

Gra-bern Electrical 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.

The Company has net current liabilities of £21,956 (2023 £14,275). The directors have confirmed in writing that they will continue to support the operations of the Company for the foreseeable future to enable it to continue as a going concern. On the basis of this support, the directors consider it appropriate to prepare the accounts on a going concern basis.

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 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 - 20% on reducing balance
Computer equipment - 50% on reducing balance

Stocks
Stocks are valued 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.

Gra-bern Electrical Ltd (Registered number: 08414112)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 12,337 2,057 89,070 15,015 118,479
Additions 434 - 16,495 - 16,929
Disposals - - (9,714 ) - (9,714 )
At 31 July 2024 12,771 2,057 95,851 15,015 125,694
DEPRECIATION
At 1 August 2023 9,617 1,712 50,354 14,286 75,969
Charge for year 631 69 10,715 447 11,862
Eliminated on disposal - - (8,084 ) - (8,084 )
At 31 July 2024 10,248 1,781 52,985 14,733 79,747
NET BOOK VALUE
At 31 July 2024 2,523 276 42,866 282 45,947
At 31 July 2023 2,720 345 38,716 729 42,510

Gra-bern Electrical Ltd (Registered number: 08414112)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 46,165
Additions 16,495
Transfer to ownership (34,175 )
At 31 July 2024 28,485
DEPRECIATION
At 1 August 2023 20,771
Charge for year 8,377
Transfer to ownership (21,533 )
At 31 July 2024 7,615
NET BOOK VALUE
At 31 July 2024 20,870
At 31 July 2023 25,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 101,437 111,055
Other debtors 9,920 7,894
111,357 118,949

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 37,378 41,520
Hire purchase contracts 7,265 5,196
Trade creditors 57,615 63,398
Taxation and social security 32,891 34,754
Other creditors 89,802 67,681
224,951 212,549

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 6,667 14,667
Hire purchase contracts 6,081 3,750
12,748 18,417

Gra-bern Electrical Ltd (Registered number: 08414112)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
50 Ordinary 1 50 50