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REGISTERED NUMBER: 07078127 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

B WARD ELECTRICAL CONTRACTORS LTD

B WARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07078127)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B WARD ELECTRICAL CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: G Woodcock





REGISTERED OFFICE: The Bungalow Brown Wood Lane
Thorney
NEWARK
NG23 7DJ





REGISTERED NUMBER: 07078127 (England and Wales)

B WARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07078127)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,500 3,000
Tangible assets 5 16,191 8,570
18,691 11,570

CURRENT ASSETS
Stocks 7,260 -
Debtors 6 144,204 77,331
Cash at bank 133,637 118,283
285,101 195,614
CREDITORS
Amounts falling due within one year 7 193,096 100,139
NET CURRENT ASSETS 92,005 95,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,696

107,045

PROVISIONS FOR LIABILITIES 3,950 1,988
NET ASSETS 106,746 105,057

CAPITAL AND RESERVES
Called up share capital 10,003 10,003
Retained earnings 96,743 95,054
SHAREHOLDERS' FUNDS 106,746 105,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 WARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07078127)

BALANCE SHEET - continued
31 MARCH 2025


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 director and authorised for issue on 8 July 2025 and were signed by:





G Woodcock - Director


B WARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07078127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

B Ward Electrical Contractors 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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.

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.

B WARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07078127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
AMORTISATION
At 1 April 2024 7,000
Charge for year 500
At 31 March 2025 7,500
NET BOOK VALUE
At 31 March 2025 2,500
At 31 March 2024 3,000

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 27,988 1,959 29,947
Additions 10,500 538 11,038
Disposals (6,999 ) - (6,999 )
At 31 March 2025 31,489 2,497 33,986
DEPRECIATION
At 1 April 2024 19,624 1,753 21,377
Charge for year 2,356 75 2,431
Eliminated on disposal (6,013 ) - (6,013 )
At 31 March 2025 15,967 1,828 17,795
NET BOOK VALUE
At 31 March 2025 15,522 669 16,191
At 31 March 2024 8,364 206 8,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 120,598 68,279
VAT 23,606 9,052
144,204 77,331

B WARD ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 07078127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 139,223 65,459
Taxation and social security 47,881 29,817
Other creditors 5,992 4,863
193,096 100,139