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REGISTERED NUMBER: 07825336 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BST ELECTRICAL LTD

BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BST ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D A Fahey
D J Fahey
J D P Fahey
M M P Fahey
P G Fahey
Ms M T Emmison





SECRETARY: D A Fahey





REGISTERED OFFICE: 79 Promenade
Cheltenham
Gloucestershire
GL50 1PJ





REGISTERED NUMBER: 07825336 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,825 17,588
10,825 17,588

CURRENT ASSETS
Debtors 6 1,832,832 2,202,632
Cash at bank 987,529 375,490
2,820,361 2,578,122
CREDITORS
Amounts falling due within one year 7 1,354,776 1,226,622
NET CURRENT ASSETS 1,465,585 1,351,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,476,410

1,369,088

CREDITORS
Amounts falling due after more than one
year

8

(285,846

)

(217,648

)

PROVISIONS FOR LIABILITIES (2,706 ) (4,397 )
NET ASSETS 1,187,858 1,147,043

CAPITAL AND RESERVES
Called up share capital 12 12
Share premium 125,000 125,000
Capital redemption reserve 85,005 85,005
Retained earnings 977,841 937,026
SHAREHOLDERS' FUNDS 1,187,858 1,147,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)

BALANCE SHEET - continued
30 SEPTEMBER 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 27 June 2025 and were signed on its behalf by:




D A Fahey - Director D J Fahey - Director




P G Fahey - Director J D P Fahey - Director




M M P Fahey - Director Ms M T Emmison - Director


BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

BST Electrical Ltd 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.

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


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 net invoiced sales of goods and services, excluding VAT. Turnover also includes amounts recoverable under contract in so far as that income relates to work carried out in the year and includes the appropriate amount of retentions relevant to work done at the Balance Sheet date.
Revenue is recognised upon completion of contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised.

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.
Plant and machinery - 50% on cost and 25% on cost
Computer equipment - 33% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.


BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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
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.

Going concern
The directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by the directors.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 15,000
AMORTISATION
At 1 October 2023
and 30 September 2024 15,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 77,781 35,337 113,118
Additions - 4,351 4,351
At 30 September 2024 77,781 39,688 117,469
DEPRECIATION
At 1 October 2023 65,149 30,381 95,530
Charge for year 7,300 3,814 11,114
At 30 September 2024 72,449 34,195 106,644
NET BOOK VALUE
At 30 September 2024 5,332 5,493 10,825
At 30 September 2023 12,632 4,956 17,588

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,357,927 760,459
Amounts owed by group undertakings 23,391 209,318
Amounts recoverable on contract 357,767 1,154,606
Other debtors 10,111 754
VAT 49,849 46,824
Prepayments & Accrued Income 33,787 30,671
1,832,832 2,202,632

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 101,308 96,895
Trade creditors 900,462 738,978
Corporation Tax 204,735 198,059
Social security and other taxes 3,326 4,643
CIS due to HMRC 130,844 146,055
Pension control 901 858
Other creditor 2,111 30,045
Accrued expenses 11,089 11,089
1,354,776 1,226,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 103,028 52,762
Bank loans - 2-5 years 182,818 162,750
Bank loans - 2,136
285,846 217,648

BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 - 2,136

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
D A Fahey
Balance outstanding at start of year - -
Amounts advanced - 253,036
Amounts repaid - (253,036 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D J Fahey
Balance outstanding at start of year - -
Amounts advanced - 121,872
Amounts repaid - (121,872 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J D P Fahey
Balance outstanding at start of year - -
Amounts advanced - 98,196
Amounts repaid - (98,196 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

M M P Fahey
Balance outstanding at start of year - -
Amounts advanced - 90,280
Amounts repaid - (90,280 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

P G Fahey
Balance outstanding at start of year - -
Amounts advanced - 187,536
Amounts repaid - (187,536 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

BST ELECTRICAL LTD (REGISTERED NUMBER: 07825336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms M T Emmison
Balance outstanding at start of year - -
Amounts advanced - 105,771
Amounts repaid - (105,771 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest has been charged on the balances and there are no set repayment terms.

10. RELATED PARTY DISCLOSURES

On 1st March 2021, the shares in the company were acquired by BST Electrical Holdings Limited such that BST Electrical Limited is now a fully owned subsidiary of the company. The parent company's registered address is 79 Promenade, Cheltenham, Gloucestershire, GL50 1PJ.

BST Holdings Ltd owe the company £23,391 at the year end (2023: £209,318).