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REGISTERED NUMBER: 04907384 (England and Wales)














BARWICK ELECTRICAL (LEEDS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)






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


BARWICK ELECTRICAL (LEEDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J P Sanders
K J O'Connor



REGISTERED OFFICE: Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY



REGISTERED NUMBER: 04907384 (England and Wales)



ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY



BANKERS: National Westminster Bank plc
Leeds Business Centre
PO Box no. 448
8 Park Row
Leeds
West Yorkshire
LS1 1PH

BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 247,124 163,183
247,124 163,183

CURRENT ASSETS
Stocks 4,400 4,100
Debtors 6 438,103 879,087
Cash at bank and in hand 44,272 167,552
486,775 1,050,739
CREDITORS
Amounts falling due within one year 7 368,121 902,577
NET CURRENT ASSETS 118,654 148,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,778

311,345

CREDITORS
Amounts falling due after more than one
year

8

(77,676

)

(56,529

)

PROVISIONS FOR LIABILITIES (61,781 ) (40,796 )
NET ASSETS 226,321 214,020

CAPITAL AND RESERVES
Called up share capital 137 137
Share premium 21,621 21,621
Retained earnings 204,563 192,262
SHAREHOLDERS' FUNDS 226,321 214,020

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.

BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)

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 29 May 2025 and were signed on its behalf by:





J P Sanders - Director


BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Barwick Electrical (Leeds) 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
The financial statements have been prepared under the historical cost convention and in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland' (FRS 102) and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The information in the accounts is rounded to the nearest pound.

Turnover
Turnover represents the net value, excluding value added tax, of consideration receivable in respect of services provided during the year, where the right to consideration has been obtained through performance. Invoices raised but unpaid at the balance sheet date are shown in trade debtors. If applicable, provision has been made for amounts considered to be irrecoverable. Work on hand at the balance sheet date is included in accrued income at selling price, being the value of the right to consideration in respect of that work based on its stage of completion.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 20% on reducing balance and 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are depreciated over their useful lives which are assessed annually by the director. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.

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 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.


BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)

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 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 13,907
AMORTISATION
At 1 January 2024
and 31 December 2024 13,907
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 11,710 6,310 284,062 22,783 324,865
Additions 5,127 312 140,002 1,030 146,471
Disposals - - (11,495 ) - (11,495 )
At 31 December 2024 16,837 6,622 412,569 23,813 459,841
DEPRECIATION
At 1 January 2024 758 3,771 146,692 10,461 161,682
Charge for year 2,735 534 53,767 4,263 61,299
Eliminated on disposal - - (10,264 ) - (10,264 )
At 31 December 2024 3,493 4,305 190,195 14,724 212,717
NET BOOK VALUE
At 31 December 2024 13,344 2,317 222,374 9,089 247,124
At 31 December 2023 10,952 2,539 137,370 12,322 163,183

BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 173,840
Additions 139,483
At 31 December 2024 313,323
DEPRECIATION
At 1 January 2024 65,991
Charge for year 46,498
At 31 December 2024 112,489
NET BOOK VALUE
At 31 December 2024 200,834
At 31 December 2023 107,849

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 304,050 726,291
Other debtors 134,053 152,796
438,103 879,087

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,397 10,140
Hire purchase contracts (see note 9) 65,899 34,155
Trade creditors 156,628 226,123
Amounts owed to group undertakings 10,250 200,000
Taxation and social security 99,943 230,234
Other creditors 25,004 201,925
368,121 902,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,409 14,806
Hire purchase contracts (see note 9) 73,267 41,723
77,676 56,529

BARWICK ELECTRICAL (LEEDS) LIMITED (REGISTERED NUMBER: 04907384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 65,899 34,155
Between one and five years 73,267 41,723
139,166 75,878

Non-cancellable operating leases
2024 2023
£    £   
Within one year 38,073 15,234
Between one and five years 140,406 3,479
In more than five years 122,500 -
300,979 18,713

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 139,166 75,878

11. PARENT COMPANY

The company is a wholly owned subsidiary of Barwick Electrical Holdings Limited