IRIS Accounts Production v24.2.0.383 06196233 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061962332023-03-31061962332024-03-31061962332023-04-012024-03-31061962332022-03-31061962332022-04-012023-03-31061962332023-03-3106196233ns15:EnglandWales2023-04-012024-03-3106196233ns14:PoundSterling2023-04-012024-03-3106196233ns10:Director12023-04-012024-03-3106196233ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106196233ns10:SmallEntities2023-04-012024-03-3106196233ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106196233ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106196233ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106196233ns10:FullAccounts2023-04-012024-03-3106196233ns10:CompanySecretary12023-04-012024-03-3106196233ns10:RegisteredOffice2023-04-012024-03-3106196233ns5:CurrentFinancialInstruments2024-03-3106196233ns5:CurrentFinancialInstruments2023-03-3106196233ns5:Non-currentFinancialInstruments2024-03-3106196233ns5:Non-currentFinancialInstruments2023-03-3106196233ns5:ShareCapital2024-03-3106196233ns5:ShareCapital2023-03-3106196233ns5:RetainedEarningsAccumulatedLosses2024-03-3106196233ns5:RetainedEarningsAccumulatedLosses2023-03-3106196233ns5:LeaseholdImprovements2023-04-012024-03-3106196233ns5:PlantMachinery2023-04-012024-03-3106196233ns5:MotorVehicles2023-04-012024-03-3106196233ns5:ComputerEquipment2023-04-012024-03-3106196233ns5:LeaseholdImprovements2023-03-3106196233ns5:PlantMachinery2023-03-3106196233ns5:MotorVehicles2023-03-3106196233ns5:ComputerEquipment2023-03-3106196233ns5:LeaseholdImprovements2024-03-3106196233ns5:PlantMachinery2024-03-3106196233ns5:MotorVehicles2024-03-3106196233ns5:ComputerEquipment2024-03-3106196233ns5:LeaseholdImprovements2023-03-3106196233ns5:PlantMachinery2023-03-3106196233ns5:MotorVehicles2023-03-3106196233ns5:ComputerEquipment2023-03-3106196233ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106196233ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106196233ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3106196233ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-31
REGISTERED NUMBER: 06196233 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BEXHILL ELECTRICAL (SOUTHERN) LIMITED

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEXHILL ELECTRICAL (SOUTHERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J M Jones





SECRETARY: J M Jones





REGISTERED OFFICE: 2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH





REGISTERED NUMBER: 06196233 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,798 161,856

CURRENT ASSETS
Stocks 5 4,000 233,483
Debtors 6 904,364 561,126
Cash at bank and in hand 396,219 228,661
1,304,583 1,023,270
CREDITORS
Amounts falling due within one year 7 712,734 524,133
NET CURRENT ASSETS 591,849 499,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

808,647

660,993

CREDITORS
Amounts falling due after more than one
year

8

(108,692

)

(105,101

)

PROVISIONS FOR LIABILITIES (30,846 ) (19,983 )
NET ASSETS 669,109 535,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 669,009 535,809
SHAREHOLDERS' FUNDS 669,109 535,909

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

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

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 8 November 2024 and were signed by:





J M Jones - Director


BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

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

1. STATUTORY INFORMATION

Bexhill Electrical (Southern) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

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.

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 36 (2023 - 32 ) .

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 7,468 24,937 334,525 25,848 392,778
Additions - 561 143,661 4,341 148,563
Disposals - - (64,310 ) - (64,310 )
At 31 March 2024 7,468 25,498 413,876 30,189 477,031
DEPRECIATION
At 1 April 2023 7,468 14,167 185,537 23,750 230,922
Charge for year - 1,700 67,734 2,475 71,909
Eliminated on disposal - - (42,598 ) - (42,598 )
At 31 March 2024 7,468 15,867 210,673 26,225 260,233
NET BOOK VALUE
At 31 March 2024 - 9,631 203,203 3,964 216,798
At 31 March 2023 - 10,770 148,988 2,098 161,856

5. STOCKS
2024 2023
£    £   
Stocks 4,000 4,000
Work-in-progress - 229,483
4,000 233,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 835,889 482,125
VAT 53,219 63,995
Prepayments and accrued income 15,256 15,006
904,364 561,126

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 32,481 33,650
Trade creditors 564,893 398,398
Tax 50,058 6,917
Social security and other taxes 49,724 37,825
Other creditors 2,660 32,425
Directors' current accounts 418 418
Accrued expenses 2,500 4,500
712,734 524,133

BEXHILL ELECTRICAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 06196233)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 97,025 83,434
108,692 105,101