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REGISTERED NUMBER: 13233353 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

BBS Electrical Ltd

BBS Electrical Ltd (Registered number: 13233353)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BBS Electrical Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R Shaw





SECRETARY:





REGISTERED OFFICE: K Mill
Courtyard No 003 and 004
Dean Clough
Halifax
HX3 5AX





REGISTERED NUMBER: 13233353 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

BBS Electrical Ltd (Registered number: 13233353)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,961 36,041

CURRENT ASSETS
Stocks 4,850 11,000
Debtors 5 15,104 98,708
Cash at bank 848 12,841
20,802 122,549
CREDITORS
Amounts falling due within one year 6 74,846 106,113
NET CURRENT (LIABILITIES)/ASSETS (54,044 ) 16,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,083

)

52,477

CREDITORS
Amounts falling due after more than one year 7 (18,481 ) (25,204 )

PROVISIONS FOR LIABILITIES 8 (5,123 ) (6,847 )
NET (LIABILITIES)/ASSETS (50,687 ) 20,426

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (50,688 ) 20,425
SHAREHOLDERS' FUNDS (50,687 ) 20,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

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 director and authorised for issue on 19 November 2024 and were signed by:





R Shaw - Director


BBS Electrical Ltd (Registered number: 13233353)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

BBS 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.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

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 6 (2023 - 6 ) .

BBS Electrical Ltd (Registered number: 13233353)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 2,650 47,343 1,301 51,294
Additions 6,396 - - 6,396
Disposals (6,396 ) - - (6,396 )
At 29 February 2024 2,650 47,343 1,301 51,294
DEPRECIATION
At 1 March 2023 603 13,988 662 15,253
Charge for year 307 8,339 434 9,080
At 29 February 2024 910 22,327 1,096 24,333
NET BOOK VALUE
At 29 February 2024 1,740 25,016 205 26,961
At 28 February 2023 2,047 33,355 639 36,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,460 93,097
Tax 2,078 -
Prepayments 8,566 5,611
15,104 98,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 18,957 58,846
Tax 2,078 2,078
Social security and other taxes 1,277 6,843
VAT 18,967 25,653
Directors' loan accounts 30,081 452
Accrued expenses 3,486 12,241
74,846 106,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 18,481 25,204

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 5,123 6,847

BBS Electrical Ltd (Registered number: 13233353)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 6,847
Deferred Tax (1,724 )
Balance at 29 February 2024 5,123

9. RELATED PARTY DISCLOSURES

The company is controlled by the company director.