Company Registration No. 11413164 (England and Wales)
BUSINESS SWITCH GAS AND ELECTRIC LIMITED
Unaudited accounts
for the year ended 30 June 2024
BUSINESS SWITCH GAS AND ELECTRIC LIMITED
Unaudited accounts
Contents
BUSINESS SWITCH GAS AND ELECTRIC LIMITED
Company Information
for the year ended 30 June 2024
Directors
Peter McGirr
Marco Bidetta
Company Number
11413164 (England and Wales)
Registered Office
Former Coroners Court
Close
Newcastle Upon Tyne
Tyne and Wear
NE1 3RQ
Accountants
Christian Dodd
Westbourne House
Main Street
Haltwhistle
Northumberland
NE49 0AZ
BUSINESS SWITCH GAS AND ELECTRIC LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
122,676
19,070
Cash at bank and in hand
52,210
83,144
Creditors: amounts falling due within one year
(391,771)
(685,263)
Net current assets
387,840
146,618
Total assets less current liabilities
510,516
165,688
Creditors: amounts falling due after more than one year
(429,755)
(37,165)
Called up share capital
1
1
Profit and loss account
80,760
128,522
Shareholders' funds
80,761
128,523
For the year ending 30 June 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 20 March 2025 and were signed on its behalf by
Peter McGirr
Director
Company Registration No. 11413164
BUSINESS SWITCH GAS AND ELECTRIC LIMITED
Notes to the Accounts
for the year ended 30 June 2024
BUSINESS SWITCH GAS AND ELECTRIC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11413164. The registered office is Former Coroners Court, Close, Newcastle Upon Tyne, Tyne and Wear, NE1 3RQ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
8,250
-
32,205
40,455
Additions
147,058
2,500
-
149,558
At 30 June 2024
155,308
2,500
32,205
190,013
At 1 July 2023
2,060
-
19,325
21,385
Charge for the year
38,887
625
6,440
45,952
At 30 June 2024
40,947
625
25,765
67,337
At 30 June 2024
114,361
1,875
6,440
122,676
At 30 June 2023
6,190
-
12,880
19,070
BUSINESS SWITCH GAS AND ELECTRIC LIMITED
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Amounts falling due after more than one year
Trade debtors
400,531
20,531
Other debtors
323,665
690,570
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
383,848
733,236
Taxes and social security
-
10,324
Other creditors
6,918
7,698
Loans from directors
225
(66,775)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).