Company Registration No. 05444998 (England and Wales)
BARNES ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
for the year ended 31 May 2024
BARNES ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
Contents
BARNES ELECTRICAL CONTRACTORS LIMITED
Company Information
for the year ended 31 May 2024
Directors
Mr J Barnes
Mrs A H Barnes
Company Number
05444998 (England and Wales)
Registered Office
WESTGATE
SYCAMORE RISE
CHALFONT ST. GILES
BUCKINGHAMSHIRE
HP8 4LD
BARNES ELECTRICAL CONTRACTORS LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
4,630
8,455
Cash at bank and in hand
25,704
20,508
Creditors: amounts falling due within one year
(31,803)
(13,701)
Net current assets
9,703
18,950
Total assets less current liabilities
14,333
27,405
Creditors: amounts falling due after more than one year
-
(18,327)
Called up share capital
1
1
Profit and loss account
14,332
9,077
Shareholders' funds
14,333
9,078
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by
Mrs A H Barnes
Director
Company Registration No. 05444998
BARNES ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
BARNES ELECTRICAL CONTRACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05444998. The registered office is WESTGATE, SYCAMORE RISE, CHALFONT ST. GILES, BUCKINGHAMSHIRE, HP8 4LD.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Amortisation is calculated so as to write off the cost of an asset, less its estimated
residual value, over the useful economic life of that asset as follows:
Goodwill is being written off in annual instalments over its estimated economic life of 10
years.
4
Intangible fixed assets
Goodwill
BARNES ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
15,298
1,796
17,094
At 31 May 2024
15,298
1,796
17,094
At 1 June 2023
6,843
1,796
8,639
Charge for the year
3,825
-
3,825
At 31 May 2024
10,668
1,796
12,464
At 31 May 2024
4,630
-
4,630
At 31 May 2023
8,455
-
8,455
Amounts falling due within one year
Trade debtors
15,802
12,143
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,000
10,673
Taxes and social security
20,074
11,501
Loans from directors
(5,887)
(11,887)
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).