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REGISTERED NUMBER: 00411551 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRITISH ELECTRICAL LIMITED

BRITISH ELECTRICAL LIMITED (REGISTERED NUMBER: 00411551)

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


BRITISH ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J E L Katz
S B Katz
M J Katz
H S Katz
K G Katz





SECRETARY: J E L Katz





REGISTERED OFFICE: Zetland House
5/25 Scrutton Street
London
EC2A 5HJ





REGISTERED NUMBER: 00411551 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

BRITISH ELECTRICAL LIMITED (REGISTERED NUMBER: 00411551)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 212,332 212,332
212,332 212,332

CURRENT ASSETS
Stocks 1,185,240 1,193,158
Debtors 6 36,674 36,603
Investments 7 110,938 129,063
Cash at bank 2,504,308 2,011,820
3,837,160 3,370,644
CREDITORS
Amounts falling due within one year 8 (377,951 ) (351,694 )
NET CURRENT ASSETS 3,459,209 3,018,950
TOTAL ASSETS LESS CURRENT LIABILITIES 3,671,541 3,231,282

CAPITAL AND RESERVES
Called up share capital 9 52,300 52,300
Retained earnings 3,619,241 3,178,982
SHAREHOLDERS' FUNDS 3,671,541 3,231,282

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.

BRITISH ELECTRICAL LIMITED (REGISTERED NUMBER: 00411551)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





S B Katz - Director


BRITISH ELECTRICAL LIMITED (REGISTERED NUMBER: 00411551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

British Electrical 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 gross rental income receivable and property trading income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
Investment property is carried at cost and therefore the policy is not in accordance with Section 1A of Financial Reporting Standard 102. The financial statements may not show a true and fair view.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.


BRITISH ELECTRICAL LIMITED (REGISTERED NUMBER: 00411551)

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Impairments
The impairment losses in respect of financial assets are recognised in other gains and losses in the profit and loss account.

Reversals of previous impairment losses have been recognised in profit or loss as follows:

2024 2023
£ £
In respect of:
Fixed asset investments (18,125) (27,188)
Recognised in:
Amounts written off investments (18,125) (27,188)

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

BRITISH ELECTRICAL LIMITED (REGISTERED NUMBER: 00411551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 2,783 21,310 24,093
DEPRECIATION
At 1 January 2024
and 31 December 2024 2,783 21,310 24,093
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2024
and 31 December 2024 212,332
NET BOOK VALUE
At 31 December 2024 212,332
At 31 December 2023 212,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 5,909 3,373
Other debtors 30,765 33,230
36,674 36,603

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Listed investments 110,938 129,063

BRITISH ELECTRICAL LIMITED (REGISTERED NUMBER: 00411551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 15,148 2,205
Amounts owed to group undertakings 1,495 -
Taxation and social security 160,076 138,004
Other creditors 201,232 211,485
377,951 351,694

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
52,200 Ordinary A 1 52,200 52,200
100 Ordinary B 1 100 100
52,300 52,300

10. RELATED PARTY DISCLOSURES

At 31 December 2024 £1,495 (2023: £3,116) was owed by the Company to the David Zetland Settlement Trust.