Company Registration No. 05863709 (England and Wales)
Tony Breach Electrical Services Ltd
Unaudited accounts
for the year ended 31 March 2024
Tony Breach Electrical Services Ltd
Unaudited accounts
Contents
Tony Breach Electrical Services Ltd
Company Information
for the year ended 31 March 2024
Company Number
05863709 (England and Wales)
Registered Office
1 STUBBINGTON WAY
FAIR OAK
EASTLEIGH
SO50 7LQ
ENGLAND
Accountants
TBT Accountancy Ltd
Kingfisher House
Rownhams Lane
North Baddesley
Southampton
Hampshire
SO52 9LP
Tony Breach Electrical Services Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
38,460
20,054
Cash at bank and in hand
115,869
78,204
Creditors: amounts falling due within one year
(33,153)
(35,682)
Net current assets
119,871
116,359
Total assets less current liabilities
158,331
136,413
Creditors: amounts falling due after more than one year
(30,883)
(22,500)
Provisions for liabilities
Deferred tax
(8,014)
(2,351)
Net assets
119,434
111,562
Called up share capital
100
100
Profit and loss account
119,334
111,462
Shareholders' funds
119,434
111,562
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 December 2024 and were signed on its behalf by
A Breach
Director
Company Registration No. 05863709
Tony Breach Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Tony Breach Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 05863709. The registered office is 1 STUBBINGTON WAY, FAIR OAK, EASTLEIGH, SO50 7LQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SL
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tony Breach Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
12,807
2,422
32,810
4,519
5,171
57,729
Additions
-
903
33,574
-
-
34,477
Disposals
-
-
(13,990)
-
-
(13,990)
At 31 March 2024
12,807
3,325
52,394
4,519
5,171
78,216
At 1 April 2023
5,124
1,291
22,318
4,518
4,424
37,675
Charge for the year
1,281
376
3,498
-
424
5,579
On disposals
-
-
(3,498)
-
-
(3,498)
At 31 March 2024
6,405
1,667
22,318
4,518
4,848
39,756
At 31 March 2024
6,402
1,658
30,076
1
323
38,460
At 31 March 2023
7,683
1,131
10,492
1
747
20,054
Amounts falling due within one year
Trade debtors
34,112
44,642
Accrued income and prepayments
43
3,530
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
7,116
-
Taxes and social security
15,021
9,359
Tony Breach Electrical Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,383
-
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).