Company Registration No. 07602755 (England and Wales)
Bunn Electrical Contractors Limited
Annual report and unaudited financial statements
For the year ended 30 April 2024
Bunn Electrical Contractors Limited
Contents
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 6
Bunn Electrical Contractors Limited
Director's report
For the year ended 30 April 2024

The director presents his annual report and financial statements for the year ended 30 April 2024.

Principal activities
The principal activity of the company is an electrical contractor.
Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

P C Bunn
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P C Bunn
Director
29 April 2025
- 1 -
Bunn Electrical Contractors Limited
Balance sheet
As at 30 April 2024
30 April 2024
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
3,912
-
3,912
Current assets
Stocks
1,575
1,500
Debtors
5
13,552
7,292
Cash at bank and in hand
6,706
6,806
21,833
15,598
Creditors: amounts falling due within one year
6
(21,714)
(24,931)
Net current assets/(liabilities)
119
(9,333)
Total assets less current liabilities
119
(5,421)
Provisions for liabilities
7
-
(457)
Net assets/(liabilities)
119
(5,878)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
19
(5,978)
Shareholders' funds
119
(5,878)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 29 April 2025
P C Bunn
Director
Company Registration No. 07602755
- 2 -
Bunn Electrical Contractors Limited
Notes to the financial statements
For the year ended 30 April 2024
1
Accounting policies
Company information

Bunn Electrical Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Old Park Avenue, Canterbury, Kent, CT1 1DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, net of discounts and value added taxes.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line basis
Fixtures, fittings & equipment
25% straight line basis
Motor vehicles
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the net book value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

Deferred tax is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

- 3 -
Bunn Electrical Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
5,950
1,006
42,805
49,761
Depreciation
At 1 May 2023
5,350
1,006
39,493
45,849
Charged for the year
600
-
0
3,312
3,912
At 30 April 2024
5,950
1,006
42,805
49,761
Net book value
At 30 April 2024
-
0
-
0
-
0
-
0
At 30 April 2023
600
-
0
3,312
3,912
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
10,000
Amortisation
At 1 May 2023 and 30 April 2024
10,000
Net book value
At 30 April 2024
-
0
At 30 April 2023
-
0
- 4 -
Bunn Electrical Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
5
Debtors: amounts falling due within one year
2024
2023
£
£
Trade debtors
-
0
5,211
Other debtors
12,473
670
Prepayments and accrued income
1,079
1,411
13,552
7,292
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,604
16,572
Corporation tax
5,312
3,079
Other taxation and social security
348
502
Other creditors
-
0
948
Accruals and deferred income
3,450
3,830
21,714
24,931
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
-
457
2024
Movements in the year:
£
Liability at 1 May 2023
457
Credit to profit or loss
(457)
Liability at 30 April 2024
-
- 5 -
Bunn Electrical Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
8
Directors' transactions

Dividends totalling £8,250 (2023 - £12,500) were paid in the year in respect of shares held by the company's directors.

Loans to directors

 

Transactions in relation to loans with the director during the year are outlined in the table below:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan
-
(948)
27,873
(16,927)
9,998
(948)
27,873
(16,927)
9,998

During the year the company made loans to the director on interest free terms. The loan is repayable on demand.

- 6 -
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