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REGISTERED NUMBER: 07853053 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BUILDING WIRING SOLUTIONS LIMITED

BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUILDING WIRING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S Pugh
Mrs J A Burnett





SECRETARY: S Pugh





REGISTERED OFFICE: 32 Wolsingham Drive
Durham
DH1 5SP





REGISTERED NUMBER: 07853053 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,225 916

CURRENT ASSETS
Stocks 5 32,744 34,954
Debtors 6 210,202 181,686
Cash at bank 71,718 105,739
314,664 322,379
CREDITORS
Amounts falling due within one year 7 159,361 159,747
NET CURRENT ASSETS 155,303 162,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,528

163,548

CREDITORS
Amounts falling due after more than one
year

8

(113,673

)

(120,219

)

PROVISIONS FOR LIABILITIES (6,806 ) (229 )
NET ASSETS 62,049 43,100

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 61,949 43,000
SHAREHOLDERS' FUNDS 62,049 43,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





S Pugh - Director


BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)

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

1. STATUTORY INFORMATION

Building Wiring Solutions 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
Turnover represents income which is generated from the principal business activity which is that of electrical contracting. Income is attributed to the profit and loss account as contract activity progresses in a manner appropriate to the stage of completion of each individual contract.

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 - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials, and where applicable direct labour costs and any overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

Leasing
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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Going concern
The directors have considered the company's ability to continue as a going concern for a period in excess of 12 months from the date of this report. They have assessed the financial performance, financial position and cash flow requirements and are confident that the company can continue as a going concern. For this reason, the financial statements have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 62,900
Additions 33,692
At 31 October 2024 96,592
DEPRECIATION
At 1 November 2023 61,984
Charge for year 7,383
At 31 October 2024 69,367
NET BOOK VALUE
At 31 October 2024 27,225
At 31 October 2023 916

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 32,500
At 31 October 2024 32,500
DEPRECIATION
Charge for year 6,500
At 31 October 2024 6,500
NET BOOK VALUE
At 31 October 2024 26,000

5. STOCKS
2024 2023
£    £   
Stocks 32,744 34,954

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,983 28,339
Other debtors 109,219 153,347
210,202 181,686

BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,361 10,106
Finance leases (see note 9) 3,889 -
Trade creditors 68,160 60,762
Taxation and social security 43,036 52,361
Other creditors 33,915 36,518
159,361 159,747

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,162 16,523
Finance leases (see note 9) 20,622 -
Other creditors 86,889 103,696
113,673 120,219

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 3,889 -
Between one and five years 20,622 -
24,511 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 1,785 825

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Finance leases 24,511 -

The finance lease liability is secured against the asset to which it relates.

BUILDING WIRING SOLUTIONS LIMITED (REGISTERED NUMBER: 07853053)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
67 Ordinary A shares £1.00 67 67
33 Ordinary B shares £1.00 33 33
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
S Pugh
Balance outstanding at start of year 84,144 -
Amounts advanced 49,565 84,144
Amounts repaid (100,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,709 84,144