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Company Registration No. 07755843 (England and Wales)
Briggs Electrical Ltd Unaudited accounts for the year ended 31 August 2024
Briggs Electrical Ltd Unaudited accounts Contents
Page
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Briggs Electrical Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
8,795 
1,813 
18,795 
11,813 
Current assets
Inventories
350 
350 
Debtors
3,520 
2,131 
Cash at bank and in hand
2,609 
12,406 
6,479 
14,887 
Creditors: amounts falling due within one year
(33,063)
(34,711)
Net current liabilities
(26,584)
(19,824)
Total assets less current liabilities
(7,789)
(8,011)
Creditors: amounts falling due after more than one year
(4,979)
(460)
Net liabilities
(12,768)
(8,471)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,769)
(8,472)
Shareholders' funds
(12,768)
(8,471)
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 27 May 2025 and were signed on its behalf by
Murray Briggs Director Company Registration No. 07755843
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Briggs Electrical Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Briggs Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 07755843. The registered office is Broderwen, George Avenue, Clynderwen, Pembrokeshire, SA66 7NE, Wales.
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.
3
Accounting policies
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
10,000 
At 31 August 2024
10,000 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
10,000 
At 31 August 2023
10,000 
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Briggs Electrical Ltd Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
8,898 
7,784 
1,569 
2,282 
20,533 
Additions
633 
10,496 
- 
225 
11,354 
At 31 August 2024
9,531 
18,280 
1,569 
2,507 
31,887 
Depreciation
At 1 September 2023
7,891 
7,784 
1,044 
2,001 
18,720 
Charge for the year
1,640 
1,946 
392 
394 
4,372 
At 31 August 2024
9,531 
9,730 
1,436 
2,395 
23,092 
Net book value
At 31 August 2024
- 
8,550 
133 
112 
8,795 
At 31 August 2023
1,007 
- 
525 
281 
1,813 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,520 
2,131 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
977 
2,509 
Trade creditors
(126)
175 
Taxes and social security
(46)
- 
Other creditors
22,269 
22,160 
Loans from directors
9,119 
9,867 
Accruals
870 
- 
33,063 
34,711 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,519 
- 
Taxes and social security
460 
460 
4,979 
460 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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