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REGISTERED NUMBER: 05212070




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BRYANT ELECTRICAL (MIDLANDS) LIMITED

BRYANT ELECTRICAL (MIDLANDS) LIMITED (REGISTERED NUMBER: 05212070)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BRYANT ELECTRICAL (MIDLANDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr I M Bryant





SECRETARY: Mrs D A Bryant





REGISTERED OFFICE: 1b Barnfield Road
Tipton
West Midlands
DY4 9DE





REGISTERED NUMBER: 05212070





ACCOUNTANTS: Poole Waterfield Limited
Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH

BRYANT ELECTRICAL (MIDLANDS) LIMITED (REGISTERED NUMBER: 05212070)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 275,463 296,265
275,463 296,265

CURRENT ASSETS
Debtors 6 126,928 220,700
Cash at bank 2,212,145 1,895,013
2,339,073 2,115,713
CREDITORS
Amounts falling due within one year 7 389,126 468,321
NET CURRENT ASSETS 1,949,947 1,647,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,225,410

1,943,657

PROVISIONS FOR LIABILITIES 37,802 42,365
NET ASSETS 2,187,608 1,901,292

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2,187,604 1,901,288
SHAREHOLDERS' FUNDS 2,187,608 1,901,292

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

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

BRYANT ELECTRICAL (MIDLANDS) LIMITED (REGISTERED NUMBER: 05212070)

BALANCE SHEET - continued
31 AUGUST 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 5 March 2025 and were signed by:





Mr I M Bryant - Director


BRYANT ELECTRICAL (MIDLANDS) LIMITED (REGISTERED NUMBER: 05212070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Bryant Electrical (Midlands) 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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold land and property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

BRYANT ELECTRICAL (MIDLANDS) LIMITED (REGISTERED NUMBER: 05212070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Work in progress
Work in progress is recognised in respect of unbilled contracts based on the estimated proportion of work done at the Balance Sheet date. Work in progress is shown as "Amounts recoverable on contracts" in debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 90,000
AMORTISATION
At 1 September 2023
and 31 August 2024 90,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

BRYANT ELECTRICAL (MIDLANDS) LIMITED (REGISTERED NUMBER: 05212070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 146,315 79,302 15,555 184,397 425,569
Additions - 31,375 - - 31,375
At 31 August 2024 146,315 110,677 15,555 184,397 456,944
DEPRECIATION
At 1 September 2023 19,509 25,384 9,377 75,034 129,304
Charge for year 1,951 21,323 1,562 27,341 52,177
At 31 August 2024 21,460 46,707 10,939 102,375 181,481
NET BOOK VALUE
At 31 August 2024 124,855 63,970 4,616 82,022 275,463
At 31 August 2023 126,806 53,918 6,178 109,363 296,265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 70,767 185,336
Other debtors 56,161 35,364
126,928 220,700

Included in debtors are amounts recoverable on contracts of £41,441 (2023- £24,041).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 57,868 84,316
Taxation and social security 292,279 218,671
Other creditors 38,979 165,334
389,126 468,321