IRIS Accounts Production v24.3.2.46 SC287968 Board of Directors Board of Directors 2.11.23 1.11.24 1.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2879682023-11-01SC2879682024-11-01SC2879682023-11-022024-11-01SC2879682022-11-01SC2879682022-11-022023-11-01SC2879682023-11-01SC287968ns15:Scotland2023-11-022024-11-01SC287968ns14:PoundSterling2023-11-022024-11-01SC287968ns10:Director12023-11-022024-11-01SC287968ns10:Director22023-11-022024-11-01SC287968ns10:PrivateLimitedCompanyLtd2023-11-022024-11-01SC287968ns10:SmallEntities2023-11-022024-11-01SC287968ns10:AuditExempt-NoAccountantsReport2023-11-022024-11-01SC287968ns10:SmallCompaniesRegimeForDirectorsReport2023-11-022024-11-01SC287968ns10:SmallCompaniesRegimeForAccounts2023-11-022024-11-01SC287968ns10:FullAccounts2023-11-022024-11-01SC28796812023-11-022024-11-01SC287968ns10:CompanySecretary12023-11-022024-11-01SC287968ns10:RegisteredOffice2023-11-022024-11-01SC287968ns5:CurrentFinancialInstruments2024-11-01SC287968ns5:CurrentFinancialInstruments2023-11-01SC287968ns5:ShareCapital2024-11-01SC287968ns5:ShareCapital2023-11-01SC287968ns5:RetainedEarningsAccumulatedLosses2024-11-01SC287968ns5:RetainedEarningsAccumulatedLosses2023-11-01SC287968ns5:NetGoodwill2023-11-022024-11-01SC287968ns5:IntangibleAssetsOtherThanGoodwill2023-11-022024-11-01SC287968ns5:PlantMachinery2023-11-022024-11-01SC287968ns5:NetGoodwill2023-11-01SC287968ns5:NetGoodwill2024-11-01SC287968ns5:NetGoodwill2023-11-01SC287968ns5:PlantMachinery2023-11-01SC287968ns5:PlantMachinery2024-11-01SC287968ns5:PlantMachinery2023-11-01SC287968ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-01SC287968ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-01
REGISTERED NUMBER: SC287968 (Scotland)















Unaudited Financial Statements for the Year Ended 1 November 2024

for

Business Electricity Ltd

Business Electricity Ltd (Registered number: SC287968)






Contents of the Financial Statements
for the Year Ended 1 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Business Electricity Ltd

Company Information
for the Year Ended 1 November 2024







DIRECTORS: P D Dancer
Mrs J Dancer





SECRETARY: Mrs J Dancer





REGISTERED OFFICE: Old Post Office
Saddell
Campbeltown
Argyll
PA28 6QS





REGISTERED NUMBER: SC287968 (Scotland)





ACCOUNTANTS: A.G.L. Accountancy Services Limited
Flat 2
20 Harlow Moor Drive
Harrogate
North Yorkshire
HG2 0JX

Business Electricity Ltd (Registered number: SC287968)

Balance Sheet
1 November 2024

1.11.24 1.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,935 9,249
6,935 9,249

CURRENT ASSETS
Debtors 6 10,928 1,247
Cash at bank and in hand 93,314 84,724
104,242 85,971
CREDITORS
Amounts falling due within one year 7 36,965 39,388
NET CURRENT ASSETS 67,277 46,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,212

55,832

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,112 55,732
SHAREHOLDERS' FUNDS 74,212 55,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 November 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.

Business Electricity Ltd (Registered number: SC287968)

Balance Sheet - continued
1 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 Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




P D Dancer - Director



Mrs J Dancer - Director


Business Electricity Ltd (Registered number: SC287968)

Notes to the Financial Statements
for the Year Ended 1 November 2024

1. STATUTORY INFORMATION

Business Electricity Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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 ) .

Business Electricity Ltd (Registered number: SC287968)

Notes to the Financial Statements - continued
for the Year Ended 1 November 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 2 November 2023
and 1 November 2024 55,000
AMORTISATION
At 2 November 2023
and 1 November 2024 55,000
NET BOOK VALUE
At 1 November 2024 -
At 1 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 2 November 2023
and 1 November 2024 62,257
DEPRECIATION
At 2 November 2023 53,008
Charge for year 2,314
At 1 November 2024 55,322
NET BOOK VALUE
At 1 November 2024 6,935
At 1 November 2023 9,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.11.24 1.11.23
£    £   
Trade debtors 10,928 1,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.11.24 1.11.23
£    £   
Trade creditors 399 915
Taxation and social security 21,467 9,821
Other creditors 15,099 28,652
36,965 39,388