1 November 2023 false Taxfiler 2024.6 08236597business:PrivateLimitedCompanyLtd2023-11-012024-10-31 082365972023-10-31 082365972023-11-012024-10-31 08236597business:AuditExemptWithAccountantsReport2023-11-012024-10-31 08236597business:FilletedAccounts2023-11-012024-10-31 082365972024-10-31 08236597business:Director12023-11-012024-10-31 08236597business:RegisteredOffice2023-11-012024-10-31 082365972023-10-31 08236597core:WithinOneYear2024-10-31 08236597core:WithinOneYear2023-10-31 08236597core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 08236597core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 08236597core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 08236597core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 08236597core:PreviouslyStatedAmount2024-10-31 08236597core:PreviouslyStatedAmount2023-10-31 08236597business:SmallEntities2023-11-012024-10-31 08236597countries:EnglandWales2023-11-012024-10-31 08236597core:PlantMachinery2023-11-012024-10-31 08236597core:MotorVehicles2023-11-012024-10-31 08236597core:FurnitureFittings2023-11-012024-10-31 08236597core:ComputerEquipment2023-11-012024-10-31 08236597core:IntangibleAssetsOtherThanGoodwill2023-10-31 08236597core:IntangibleAssetsOtherThanGoodwill2024-10-31 08236597core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-31 08236597core:PlantMachinery2023-10-31 08236597core:MotorVehicles2023-10-31 08236597core:FurnitureFittings2023-10-31 08236597core:ComputerEquipment2023-10-31 08236597core:PlantMachinery2024-10-31 08236597core:MotorVehicles2024-10-31 08236597core:FurnitureFittings2024-10-31 08236597core:ComputerEquipment2024-10-31 08236597business:OrdinaryShareClass12023-11-012024-10-31 08236597business:OrdinaryShareClass12022-11-012023-10-31 082365972022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08236597 (England and Wales)
Begley Electrical Ltd Unaudited accounts for the year ended 31 October 2024
Begley Electrical Ltd Unaudited accounts Contents
Page
- 2 -
Begley Electrical Ltd Company Information for the year ended 31 October 2024
Director
Aron Begley
Company Number
08236597 (England and Wales)
Registered Office
38 PEAR TREE GARDENS MARKET HARBOROUGH LEICESTERSHIRE LE16 9QA
Accountants
Master Accounting Limited The Stables, Ashley Court 32 Main Street, Ashley Market Harborough Leicestershire LE16 8HF
- 3 -
Begley Electrical Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
987 
1,033 
Tangible assets
6,545 
7,123 
7,532 
8,156 
Current assets
Debtors
56,865 
35,238 
Cash at bank and in hand
42,367 
50,895 
99,232 
86,133 
Creditors: amounts falling due within one year
(16,021)
(16,738)
Net current assets
83,211 
69,395 
Net assets
90,743 
77,551 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
90,742 
77,550 
Shareholders' funds
90,743 
77,551 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 July 2025 and were signed on its behalf by
Aron Begley Director Company Registration No. 08236597
- 4 -
Begley Electrical Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Begley Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 08236597. The registered office is 38 PEAR TREE GARDENS, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 9QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - Straight line
Motor vehicles
25% - Straight line
Fixtures & fittings
20% - Straight line
Computer equipment
33% - Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
1,166 
At 31 October 2024
1,166 
Amortisation
At 1 November 2023
133 
Charge for the year
46 
At 31 October 2024
179 
Net book value
At 31 October 2024
987 
At 31 October 2023
1,033 
- 5 -
Begley Electrical Ltd Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
18,781 
24,509 
249 
8,503 
52,042 
Additions
809 
1,605 
- 
333 
2,747 
At 31 October 2024
19,590 
26,114 
249 
8,836 
54,789 
Depreciation
At 1 November 2023
14,008 
24,020 
108 
6,783 
44,919 
Charge for the year
1,819 
361 
43 
1,102 
3,325 
At 31 October 2024
15,827 
24,381 
151 
7,885 
48,244 
Net book value
At 31 October 2024
3,763 
1,733 
98 
951 
6,545 
At 31 October 2023
4,773 
489 
141 
1,720 
7,123 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,828 
17,249 
Other debtors
18,037 
17,989 
56,865 
35,238 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,614 
7,942 
Taxes and social security
7,952 
7,731 
Other creditors
135 
745 
Accruals
320 
320 
16,021 
16,738 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -