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REGISTERED NUMBER: 01194153 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Roger Budge (Electrical Engineering)
Limited

Roger Budge (Electrical Engineering)
Limited (Registered number: 01194153)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roger Budge (Electrical Engineering)
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D E Oliver
Mrs K Oliver



SECRETARY: Mrs K Oliver



REGISTERED OFFICE: 6a Bittern Way
Boston
Lincolnshire
PE21 7NX



REGISTERED NUMBER: 01194153 (England and Wales)



ACCOUNTANTS: Darron Abbott
135 London Road
Boston
Lincolnshire
PE21 7EZ



SOLICITORS: Bambridges Solicitors
27 Wide Bargate
Boston
Lincolnshire
PE21 6SW

Roger Budge (Electrical Engineering)
Limited (Registered number: 01194153)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 349,727 420,786

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 539,315 647,094
Cash at bank 1,278,255 1,276,120
1,822,570 1,928,214
CREDITORS
Amounts falling due within one year 6 588,890 702,116
NET CURRENT ASSETS 1,233,680 1,226,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,583,407

1,646,884

PROVISIONS FOR LIABILITIES 80,942 99,977
NET ASSETS 1,502,465 1,546,907

Roger Budge (Electrical Engineering)
Limited (Registered number: 01194153)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves (397,000 ) (397,000 )
Retained earnings 1,899,365 1,943,807
SHAREHOLDERS' FUNDS 1,502,465 1,546,907

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

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

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 Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





D E Oliver - Director


Roger Budge (Electrical Engineering)
Limited (Registered number: 01194153)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Roger Budge (Electrical Engineering) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Roger Budge (Electrical Engineering)
Limited (Registered number: 01194153)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

Roger Budge (Electrical Engineering)
Limited (Registered number: 01194153)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 25,329 42,258 36,184 721,499 825,270
Additions - - - 58,974 58,974
Disposals - - - (34,818 ) (34,818 )
At 31 December 2024 25,329 42,258 36,184 745,655 849,426
DEPRECIATION
At 1 January 2024 14,404 22,493 35,285 332,302 404,484
Charge for year - 2,876 17 107,555 110,448
Eliminated on disposal - - - (15,233 ) (15,233 )
At 31 December 2024 14,404 25,369 35,302 424,624 499,699
NET BOOK VALUE
At 31 December 2024 10,925 16,889 882 321,031 349,727
At 31 December 2023 10,925 19,765 899 389,197 420,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 31.12.23
£    £   
Trade debtors 41,015 9,744
Other debtors 498,300 637,350
539,315 647,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 31.12.23
£    £   
Trade creditors 479,652 356,215
Taxation and social security 76,033 322,834
Other creditors 33,205 23,067
588,890 702,116

Roger Budge (Electrical Engineering)
Limited (Registered number: 01194153)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   

8. RELATED PARTY DISCLOSURES

Transactions with the directors businesses

The company rents the business premises from the Roger Budge (Electrical Engineering) Limited Pension Fund. The rent charged in the year amounted to £36.000 (2023 £15,000).

The company is owed £395,858 (2023 £495,859) from R B Property Development Limited at the year end, a related party by Virtue of the fact that the directors, Mr D E and Mrs K T Oliver, are also directors of Roger Budge (Electrical Engineering) Limited.

The Company is owed £83,146 (2023 £83,146) from Academy, a related party by virtue of the fact it is the sole trade business of Mrs K T Oliver, who is a director of Roger Budge (Electrical engineering) Limited.