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Registration number: 03143232

Building Energy Management & Control (Cardiff) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Building Energy Management & Control (Cardiff) Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Building Energy Management & Control (Cardiff) Ltd

Company Information

Directors

Anne Bond

Anthony Bond

Chris Bond

Company secretary

Anne Bond

Registered office

Ty Scarab
Cardiff Road
Taffs Well
Cardiff
CF15 7QD

Accountants

Richard Alsept Chartered Accountant
16 Burlington Terrace
Cardiff
CF5 1GG

 

Building Energy Management & Control (Cardiff) Ltd

(Registration number: 03143232)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

157,055

165,209

Current assets

 

Stocks

5

18,000

-

Debtors

6

117,821

207,618

Cash at bank and in hand

 

141,290

189,047

 

277,111

396,665

Creditors: Amounts falling due within one year

7

(149,556)

(241,252)

Net current assets

 

127,555

155,413

Total assets less current liabilities

 

284,610

320,622

Creditors: Amounts falling due after more than one year

7

(11,057)

(45,879)

Provisions for liabilities

-

(4,483)

Net assets

 

273,553

270,260

Capital and reserves

 

Called up share capital

8

105

105

Retained earnings

273,448

270,155

Shareholders' funds

 

273,553

270,260

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2025 and signed on its behalf by:
 

 

Building Energy Management & Control (Cardiff) Ltd

(Registration number: 03143232)
Balance Sheet as at 31 January 2025

.........................................
Anne Bond
Company secretary and director

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ty Scarab
Cardiff Road
Taffs Well
Cardiff
CF15 7QD

These financial statements were authorised for issue by the Board on 15 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10% straight line

Plant and machinery

25% straight line

Commercial motor vehicles

25% straight line

Fixtures and fittings

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

A provison is recognised where there is a present obligation which has arisen as a result of a past event, and where a transfer of economic benefits is probable to settle the obligation, and the obligation can be measured reliably.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 February 2024

112,681

9,571

159,692

8,701

Additions

-

-

29,830

-

Disposals

-

-

(17,314)

-

At 31 January 2025

112,681

9,571

172,208

8,701

Depreciation

At 1 February 2024

29,222

957

86,556

8,701

Charge for the year

9,882

957

27,145

-

Eliminated on disposal

-

-

(17,314)

-

At 31 January 2025

39,104

1,914

96,387

8,701

Carrying amount

At 31 January 2025

73,577

7,657

75,821

-

At 31 January 2024

83,459

8,614

73,136

-

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Total
£

Cost or valuation

At 1 February 2024

290,645

Additions

29,830

Disposals

(17,314)

At 31 January 2025

303,161

Depreciation

At 1 February 2024

125,436

Charge for the year

37,984

Eliminated on disposal

(17,314)

At 31 January 2025

146,106

Carrying amount

At 31 January 2025

157,055

At 31 January 2024

165,209

Included within the net book value of land and buildings above is £73,577 (2024 - £83,459) in respect of short leasehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

18,000

-

6

Debtors

Current

2025
£

2024
£

Trade debtors

113,426

183,799

Other debtors

4,395

23,819

 

117,821

207,618

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Bank loans and overdrafts

9

24,362

19,216

Trade creditors

 

35,290

98,779

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

770

1,361

Taxation and social security

 

28,734

29,644

Accruals and deferred income

 

571

709

Other creditors

 

59,829

91,543

 

149,556

241,252

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

11,057

45,879

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary 'A' of £1 each

1

1

1

1

Ordinary 'B' of £1 each

1

1

1

1

Ordinary 'C' of £1 each

1

1

1

1

Ordinary 'D' of £1 each

1

1

1

1

Ordinary 'E' of £1 each

1

1

1

1

105

105

105

105

9

Loans and borrowings

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

6,348

27,481

HP and finance lease liabilities

4,709

18,398

11,057

45,879

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2025
£

2024
£

Current loans and borrowings

Bank borrowings

10,578

-

HP and finance lease liabilities

13,784

19,216

24,362

19,216

Bank borrowings

Bank Bounce Back Loan is denominated in Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 31 December 2026. The carrying amount at year end is £16,626 (2024 - £27,481).

10

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £2,000.00 (2024 - £4,500.00) per each Ordinary 'A'

2,000

4,500

Interim dividend of £41,000.00 (2024 - £32,500.00) per each Ordinary 'B'

41,000

32,500

Interim dividend of £2,000.00 (2024 - £4,500.00) per each Ordinary 'C'

2,000

4,500

Interim dividend of £Nil per each Ordinary

-

-

45,000

41,500

11

Related party transactions

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Transactions with directors

2025

At 1 February 2024
£

Repayments by director
£

At 31 January 2025
£

Directors loans

9,379

(8,609)

770

 

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Directors loans

(3,760)

13,139

9,379

 

 

Building Energy Management & Control (Cardiff) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

73,260

75,000

Contributions paid to money purchase schemes

51,637

61,688

124,897

136,688

Dividends paid to directors

2025
£

2024
£

Anne Bond

Interim dividend paid

2,000

4,500

 

 

Anthony Bond

Interim dividend paid

2,000

4,500

 

 

Chris Bond

Interim dividend paid

41,000

32,500

 

 

Expenditure with and payables to related parties

2025

Key management
£

Leases

15,120

2024

Key management
£

Leases

15,120