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REGISTERED NUMBER: 04738998 (England and Wales)











Bundy's Electrical & Safety Testing
Limited

Unaudited Financial Statements

for the Year Ended 31st May 2024






Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bundy's Electrical & Safety Testing
Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: D Bundy
G S Bundy





REGISTERED OFFICE: 5 Beeston Pathway
Chester
Cheshire
CH4 7EG





REGISTERED NUMBER: 04738998 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,822 19,402

CURRENT ASSETS
Stocks 350 350
Debtors 5 40,113 46,258
Cash at bank and in hand 6,619 16,320
47,082 62,928
CREDITORS
Amounts falling due within one year 6 45,743 55,963
NET CURRENT ASSETS 1,339 6,965
TOTAL ASSETS LESS CURRENT LIABILITIES 16,161 26,367

CREDITORS
Amounts falling due after more than one year 7 (13,320 ) (22,646 )

PROVISIONS FOR LIABILITIES (2,816 ) (3,686 )
NET ASSETS 25 35

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 5 15
SHAREHOLDERS' FUNDS 25 35

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Balance Sheet - continued
31st May 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 Board of Directors and authorised for issue on 23rd January 2025 and were signed on its behalf by:





D Bundy - Director


Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Bundy's Electrical & Safety Testing 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.
Plant and machinery etc - 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 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.

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.

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.

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 46,331
Additions 360
At 31st May 2024 46,691
DEPRECIATION
At 1st June 2023 26,929
Charge for year 4,940
At 31st May 2024 31,869
NET BOOK VALUE
At 31st May 2024 14,822
At 31st May 2023 19,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 24,411 36,540
Other debtors 15,702 9,718
40,113 46,258

Bundy's Electrical & Safety Testing
Limited (Registered number: 04738998)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 17,986 21,557
Hire purchase contracts 3,326 3,326
Trade creditors 14,320 15,713
Taxation and social security 11,338 12,535
Other creditors (1,227 ) 2,832
45,743 55,963

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 7,500 13,500
Hire purchase contracts 5,820 9,146
13,320 22,646