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REGISTERED NUMBER: 04935729 (England and Wales)













B and B Electrical Contractors Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






B and B Electrical Contractors Limited (Registered number: 04935729)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B and B Electrical Contractors Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: W Barr
Mrs A Barr





SECRETARY: Mrs A Barr





REGISTERED OFFICE: Lymore Villa
162A London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 04935729 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

B and B Electrical Contractors Limited (Registered number: 04935729)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 47,283 17,992

CURRENT ASSETS
Stocks 23,650 1,210
Debtors 6 24,282 39,323
Cash at bank 17,080 52,181
65,012 92,714
CREDITORS
Amounts falling due within one year 7 39,638 63,850
NET CURRENT ASSETS 25,374 28,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,657

46,856

CREDITORS
Amounts falling due after more than one
year

8

(35,382

)

(16,667

)

PROVISIONS FOR LIABILITIES (11,821 ) -
NET ASSETS 25,454 30,189

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 25,352 30,087
SHAREHOLDERS' FUNDS 25,454 30,189

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 directors acknowledge their 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.

B and B Electrical Contractors Limited (Registered number: 04935729)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





W Barr - Director


B and B Electrical Contractors Limited (Registered number: 04935729)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

B and B 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

4. EMPLOYEES AND DIRECTORS

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

B and B Electrical Contractors Limited (Registered number: 04935729)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 5,659 4,467 43,299 15,798 69,223
Additions 873 100 39,990 4,412 45,375
At 31 December 2024 6,532 4,567 83,289 20,210 114,598
DEPRECIATION
At 1 January 2024 4,184 4,085 29,008 13,954 51,231
Charge for year 352 97 13,571 2,064 16,084
At 31 December 2024 4,536 4,182 42,579 16,018 67,315
NET BOOK VALUE
At 31 December 2024 1,996 385 40,710 4,192 47,283
At 31 December 2023 1,475 382 14,291 1,844 17,992

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,282 37,464
Other debtors 3,000 1,859
24,282 39,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,857 2,932
Hire purchase contracts 5,998 -
Trade creditors 5,245 23,240
Taxation and social security 17,858 29,850
Other creditors 7,680 7,828
39,638 63,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,889 16,667
Hire purchase contracts 21,493 -
35,382 16,667

B and B Electrical Contractors Limited (Registered number: 04935729)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,778 5,556