IRIS Accounts Production v24.3.2.46 07061714 director 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070617142023-10-31070617142024-10-31070617142023-11-012024-10-31070617142022-10-31070617142022-11-012023-10-31070617142023-10-3107061714ns14:PoundSterling2023-11-012024-10-3107061714ns10:Director12023-11-012024-10-3107061714ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107061714ns10:SmallEntities2023-11-012024-10-3107061714ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3107061714ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107061714ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107061714ns10:FullAccounts2023-11-012024-10-310706171412023-11-012024-10-3107061714ns10:RegisteredOffice2023-11-012024-10-3107061714ns5:CurrentFinancialInstruments2024-10-3107061714ns5:CurrentFinancialInstruments2023-10-3107061714ns5:Non-currentFinancialInstruments2024-10-3107061714ns5:Non-currentFinancialInstruments2023-10-3107061714ns5:ShareCapital2024-10-3107061714ns5:ShareCapital2023-10-3107061714ns5:RetainedEarningsAccumulatedLosses2024-10-3107061714ns5:RetainedEarningsAccumulatedLosses2023-10-3107061714ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3107061714ns5:ComputerSoftware2023-11-012024-10-3107061714ns5:IntangibleAssetsOtherThanGoodwill2023-10-3107061714ns5:IntangibleAssetsOtherThanGoodwill2024-10-3107061714ns5:IntangibleAssetsOtherThanGoodwill2023-10-3107061714ns5:PlantMachinery2023-10-3107061714ns5:PlantMachinery2023-11-012024-10-3107061714ns5:PlantMachinery2024-10-3107061714ns5:PlantMachinery2023-10-3107061714ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3107061714ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3107061714ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3107061714ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3107061714ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3107061714ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
















BELMAR ELECTRICAL SERVICES LIMITED

Unaudited Financial Statements

for the Year Ended 31st October 2024






BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELMAR ELECTRICAL SERVICES LIMITED

Company Information
for the year ended 31st October 2024







DIRECTOR: J Davies





REGISTERED OFFICE: Unit 3A
10 Badger Way
Prenton
Wirral
CH43 3HQ





REGISTERED NUMBER: 07061714





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 902 1,061
Tangible assets 5 84,745 34,846
85,647 35,907

CURRENT ASSETS
Stocks 88,594 32,068
Debtors 6 229,738 159,636
Cash at bank and in hand 68,851 144,593
387,183 336,297
CREDITORS
Amounts falling due within one year 7 180,387 182,260
NET CURRENT ASSETS 206,796 154,037
TOTAL ASSETS LESS CURRENT LIABILITIES 292,443 189,944

CREDITORS
Amounts falling due after more than one
year

8

(42,998

)

(28,578

)

PROVISIONS FOR LIABILITIES (16,102 ) (6,621 )
NET ASSETS 233,343 154,745

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 233,243 154,645
233,343 154,745

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)

Balance Sheet - continued
31st October 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 3rd March 2025 and were signed by:





J Davies - Director


BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

Belmar Electrical Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2023
and 31st October 2024 5,388
AMORTISATION
At 1st November 2023 4,327
Charge for year 159
At 31st October 2024 4,486
NET BOOK VALUE
At 31st October 2024 902
At 31st October 2023 1,061

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023 103,013
Additions 59,160
At 31st October 2024 162,173
DEPRECIATION
At 1st November 2023 68,167
Charge for year 9,261
At 31st October 2024 77,428
NET BOOK VALUE
At 31st October 2024 84,745
At 31st October 2023 34,846

BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2023 42,306
Additions 46,582
At 31st October 2024 88,888
DEPRECIATION
At 1st November 2023 24,458
Charge for year 1,299
At 31st October 2024 25,757
NET BOOK VALUE
At 31st October 2024 63,131
At 31st October 2023 17,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228,590 157,854
Other debtors 1,148 1,782
229,738 159,636

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,185 1,963
Trade creditors 33,115 31,588
Taxation and social security 110,558 108,693
Other creditors 14,529 30,016
180,387 182,260

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 24,302
Hire purchase contracts 33,831 4,276
42,998 28,578

BELMAR ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07061714)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £2,861 (2023 - £12,856), owing to Mr J Davies whom is a director and shareholder of the company.