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REGISTERED NUMBER: 03143233 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

BDO Electrical Ltd

BDO Electrical Ltd (Registered number: 03143233)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BDO Electrical Ltd

Company Information
for the Year Ended 31 December 2024







Director: B D Owen





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 03143233 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

BDO Electrical Ltd (Registered number: 03143233)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £    £   
Fixed assets
Tangible assets 4 55,380 23,753

Current assets
Stocks 425 500
Debtors 5 95,867 284,173
Cash at bank 308,127 215,119
404,419 499,792
Creditors
Amounts falling due within one year 6 46,375 95,790
Net current assets 358,044 404,002
Total assets less current liabilities 413,424 427,755

Creditors
Amounts falling due after more than
one year

7

(14,518

)

(20,556

)

Provisions for liabilities (13,845 ) (5,938 )
Net assets 385,061 401,261

Capital and reserves
Called up share capital 100 100
Retained earnings 384,961 401,161
Shareholders' funds 385,061 401,261

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

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

BDO Electrical Ltd (Registered number: 03143233)

Statement of Financial Position - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





B D Owen - Director


BDO Electrical Ltd (Registered number: 03143233)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

BDO Electrical Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


BDO Electrical Ltd (Registered number: 03143233)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 8 ) .

BDO Electrical Ltd (Registered number: 03143233)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 January 2024 2,257 86,158 88,415
Additions 333 49,266 49,599
At 31 December 2024 2,590 135,424 138,014
Depreciation
At 1 January 2024 1,868 62,794 64,662
Charge for year 305 17,667 17,972
At 31 December 2024 2,173 80,461 82,634
Net book value
At 31 December 2024 417 54,963 55,380
At 31 December 2023 389 23,364 23,753

5. Debtors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Trade debtors 85,109 265,754
Other debtors 10,758 18,419
95,867 284,173

6. Creditors: amounts falling due within one year
31/12/24 31/12/23
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 13,158 6,584
Trade creditors 20,123 41,690
Taxation and social security 10,810 35,033
Other creditors 2,284 2,483
46,375 95,790

7. Creditors: amounts falling due after more than one year
31/12/24 31/12/23
£    £   
Bank loans - 14,167
Hire purchase contracts 14,518 6,389
14,518 20,556

BDO Electrical Ltd (Registered number: 03143233)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. Secured debts

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Hire purchase contracts 27,676 12,973

Debts under hire purchase contracts are secured on the relevant assets.

9. Lease commitments

At 31 December 2024 the company had commitments under non-cancellable operating leases over the remaining life of these leases of £15,142 (2023 - £2,051). The amount payable within one year in respect of these leases was £6,942 (2023 - £2,051).