Registered number
06790376
BARNSLEY ELECTRICAL SUPPLIES LIMITED
Filleted Accounts
31 March 2025
BARNSLEY ELECTRICAL SUPPLIES LIMITED
Registered number: 06790376
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 - -
- -
Current assets
Stocks 156,000 147,500
Debtors 5 565,488 408,926
Cash at bank and in hand 850 10,913
722,338 567,339
Creditors: amounts falling due within one year 6 (661,166) (504,923)
Net current assets 61,172 62,416
Total assets less current liabilities 61,172 62,416
Creditors: amounts falling due after more than one year 7 (27,084) (50,180)
Net assets 34,088 12,236
Capital and reserves
Called up share capital 103 103
Profit and loss account 33,985 12,133
Shareholders' funds 34,088 12,236
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Barraclough
Director
Approved by the board on 10 July 2025
BARNSLEY ELECTRICAL SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Goodwill straight line over 10years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery straight line over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 31 March 2025 34,690
Amortisation
At 1 April 2024 34,690
At 31 March 2025 34,690
Net book value
At 31 March 2025 -
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Motor vehicles
£
Cost
At 31 March 2025 -
Depreciation
At 1 April 2024 -
At 31 March 2025 -
Net book value
At 31 March 2025 -
At 31 March 2024 -
5 Debtors 2025 2024
£ £
Trade debtors 562,736 406,174
Other debtors 2,752 2,752
565,488 408,926
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 91,266 39,991
Obligations under finance lease and hire purchase contracts - 16,845
Trade creditors 295,616 251,580
Taxation and social security costs 54,367 103,255
Other creditors 219,917 93,252
661,166 504,923
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 27,084 25,018
Obligations under finance lease and hire purchase contracts - 25,162
27,084 50,180
8 Other information
BARNSLEY ELECTRICAL SUPPLIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8 The Old Bakery
Harborough Hill Road
Barnsley
S71 1BQ
BARNSLEY ELECTRICAL SUPPLIES LIMITED 06790376 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 R Barraclough No description of principal activity 06790376 2023-04-01 2024-03-31 06790376 core:WithinOneYear 2024-03-31 06790376 core:AfterOneYear 2024-03-31 06790376 core:ShareCapital 2024-03-31 06790376 core:RetainedEarningsAccumulatedLosses 2024-03-31 06790376 2024-04-01 2025-03-31 06790376 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06790376 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06790376 bus:Director40 2024-04-01 2025-03-31 06790376 1 2024-04-01 2025-03-31 06790376 2 2024-04-01 2025-03-31 06790376 countries:England 2024-04-01 2025-03-31 06790376 bus:FRS102 2024-04-01 2025-03-31 06790376 bus:FilletedAccounts 2024-04-01 2025-03-31 06790376 2025-03-31 06790376 core:WithinOneYear 2025-03-31 06790376 core:AfterOneYear 2025-03-31 06790376 core:ShareCapital 2025-03-31 06790376 core:RetainedEarningsAccumulatedLosses 2025-03-31 06790376 core:Goodwill 2025-03-31 06790376 core:Vehicles 2025-03-31 06790376 2024-03-31 06790376 core:Goodwill 2024-03-31 06790376 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure