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REGISTERED NUMBER: 08291418 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Barey Electrical Contractors Ltd

Barey Electrical Contractors Ltd (Registered number: 08291418)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Barey Electrical Contractors Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A Barnes





REGISTERED OFFICE: Clacton Business Services
Hurlingham Chambers
61 Station Road
Clacton on Sea
Essex
CO15 1SD





REGISTERED NUMBER: 08291418 (England and Wales)





ACCOUNTANTS: Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton on Sea
Essex
CO15 1SD

Barey Electrical Contractors Ltd (Registered number: 08291418)

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 528 690

CURRENT ASSETS
Stocks 4,500 4,000
Debtors 5 44,635 43,683
Cash in hand 978 174
50,113 47,857
CREDITORS
Amounts falling due within one year 6 49,601 45,767
NET CURRENT ASSETS 512 2,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040

2,780

CREDITORS
Amounts falling due after more than one year 7 (800 ) (2,400 )

PROVISIONS FOR LIABILITIES (100 ) (172 )
NET ASSETS 140 208

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 139 207
SHAREHOLDERS' FUNDS 140 208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Barey Electrical Contractors Ltd (Registered number: 08291418)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2025 and were signed by:





A Barnes - Director


Barey Electrical Contractors Ltd (Registered number: 08291418)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Barey Electrical Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Barey Electrical Contractors Ltd (Registered number: 08291418)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 4,150
DEPRECIATION
At 1 December 2023 3,460
Charge for year 162
At 30 November 2024 3,622
NET BOOK VALUE
At 30 November 2024 528
At 30 November 2023 690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Other debtors 44,635 43,683

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 11,315 3,151
Trade creditors 1,705 1,389
Taxation and social security 26,537 33,016
Other creditors 10,044 8,211
49,601 45,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£    £   
Bank loans 800 2,400

Barey Electrical Contractors Ltd (Registered number: 08291418)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30/11/24 30/11/23
£    £   
A Barnes
Balance outstanding at start of year 28,958 25,241
Amounts advanced 56,800 52,700
Amounts repaid (56,813 ) (48,983 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,945 28,958

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Barey Electrical Contractors 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 Barey Electrical Contractors Ltd for the year ended 30 November 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 Barey Electrical Contractors Ltd in accordance with the terms of our engagement letter dated 12 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Barey Electrical Contractors Ltd and state those matters that we have agreed to state to the director of Barey Electrical Contractors 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 Barey Electrical Contractors Ltd and its director for our work or for this report.

It is your duty to ensure that Barey Electrical Contractors 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 Barey Electrical Contractors Ltd. You consider that Barey Electrical Contractors 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 Barey Electrical Contractors 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.






Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton on Sea
Essex
CO15 1SD


14 January 2025