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REGISTERED NUMBER: 08189530 (England and Wales)












Financial Statements

for the Year Ended 31 August 2024

for

Booth's Electrical
Contractors Limited

Booth's Electrical
Contractors Limited (Registered number: 08189530)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Booth's Electrical
Contractors Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T E Booth





REGISTERED OFFICE: Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 08189530 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Booth's Electrical
Contractors Limited (Registered number: 08189530)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 23,288 31,170

CURRENT ASSETS
Debtors 5 68,374 67,374
Cash at bank and in hand 187,835 205,550
256,209 272,924
CREDITORS
Amounts falling due within one year 6 64,801 58,691
NET CURRENT ASSETS 191,408 214,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,696

245,403

CREDITORS
Amounts falling due after more than one
year

7

(20,716

)

(37,729

)

PROVISIONS FOR LIABILITIES (4,425 ) (7,793 )
NET ASSETS 189,555 199,881

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 189,455 199,781
189,555 199,881

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.

Booth's Electrical
Contractors Limited (Registered number: 08189530)

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 8 May 2025 and were signed by:





T E Booth - Director


Booth's Electrical
Contractors Limited (Registered number: 08189530)

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

1. STATUTORY INFORMATION

Booth's Electrical Contractors 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a 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.

Booth's Electrical
Contractors Limited (Registered number: 08189530)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 71,041 2,349 73,390
DEPRECIATION
At 1 September 2023 40,985 1,235 42,220
Charge for year 7,514 368 7,882
At 31 August 2024 48,499 1,603 50,102
NET BOOK VALUE
At 31 August 2024 22,542 746 23,288
At 31 August 2023 30,056 1,114 31,170

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 45,495
DEPRECIATION
At 1 September 2023 19,904
Charge for year 6,398
At 31 August 2024 26,302
NET BOOK VALUE
At 31 August 2024 19,193
At 31 August 2023 25,591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 17,578 985
Amounts recoverable on contract 5,000 22,403
Other debtors 1,810 -
Loan to related company 43,986 43,986
68,374 67,374

Booth's Electrical
Contractors Limited (Registered number: 08189530)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,218 9,780
Hire purchase contracts 7,149 6,626
Trade creditors 12,969 7,977
Tax 10,579 14,293
Social security and other taxes 9,758 5,671
Pension control account 135 180
VAT 6,154 6,688
Credit card 5,722 5,489
Directors' current accounts 617 237
Accrued expenses 1,500 1,750
64,801 58,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 8,712 10,027
Bank loans - 2-5 years - 8,549
Hire purchase contracts 12,004 19,153
20,716 37,729

8. RELATED PARTY DISCLOSURES

The company made loans to Booth's Properties Limited, a company owned and controlled by the director, Mr T Booth. As at 31 August 2024, Booth's Properties Limited owed the company the sum of £43,986 (2023: £43,986). The loan was unsecured, interest free and repayable on demand.