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REGISTERED NUMBER: 09424031 (England and Wales)















Brooks Electrical Ltd

Unaudited Financial Statements

for the year ended

29 February 2024






Brooks Electrical Ltd (Registered number: 09424031)

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 to 4

Chartered Accountants' Report 5

Brooks Electrical Ltd

Company Information
for the year ended 29 February 2024







DIRECTOR: F C Brooks





REGISTERED OFFICE: 1 Grove Cottage
Low Road
Great Plumstead
Norwich
Norfolk
NR13 5EB





REGISTERED NUMBER: 09424031 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Brooks Electrical Ltd (Registered number: 09424031)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,714 43,167

CURRENT ASSETS
Stocks 250 1,800
Debtors 5 5,635 22,027
Cash at bank 34,474 55,558
40,359 79,385
CREDITORS
Amounts falling due within one year 6 (34,073 ) (52,574 )
NET CURRENT ASSETS 6,286 26,811
TOTAL ASSETS LESS CURRENT LIABILITIES 32,000 69,978

PROVISIONS FOR LIABILITIES (4,886 ) (6,546 )
NET ASSETS 27,114 63,432

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 27,112 63,430
SHAREHOLDERS' FUNDS 27,114 63,432

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 12 November 2024 and were signed by:





F C Brooks - Director


Brooks Electrical Ltd (Registered number: 09424031)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Brooks 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 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

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

Brooks Electrical Ltd (Registered number: 09424031)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 11,428 61,367 72,795
Disposals (11,428 ) (27,082 ) (38,510 )
At 29 February 2024 - 34,285 34,285
DEPRECIATION
At 1 March 2023 8,658 20,970 29,628
Charge for year - 8,571 8,571
Eliminated on disposal (8,658 ) (20,970 ) (29,628 )
At 29 February 2024 - 8,571 8,571
NET BOOK VALUE
At 29 February 2024 - 25,714 25,714
At 28 February 2023 2,770 40,397 43,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,599 12,170
Other debtors 3,036 9,857
5,635 22,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,260 44,233
Taxation and social security 7,125 4,860
Other creditors 24,688 3,481
34,073 52,574

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
F C Brooks
Balance outstanding at start of year 7,562 8,541
Amounts advanced 22,324 41,740
Amounts repaid (50,812 ) (42,719 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,926 ) 7,562

This is interest free and there are no fixed repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Brooks Electrical Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brooks Electrical Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brooks Electrical Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brooks Electrical Ltd and state those matters that we have agreed to state to the director of Brooks Electrical Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brooks Electrical Ltd and its director for our work or for this report.

It is your duty to ensure that Brooks Electrical Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brooks Electrical Ltd. You consider that Brooks Electrical Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brooks Electrical Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


12 November 2024