Company Registration No. 04322419 (England and Wales)
BURNCLIFFE ELECTRICAL LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BURNCLIFFE ELECTRICAL LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BURNCLIFFE ELECTRICAL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1
1
Tangible assets
4
100,676
118,029
100,677
118,030
Current assets
Stocks
2,525
5,506
Debtors
5
119,901
118,269
Cash at bank and in hand
150,947
135,539
273,373
259,314
Creditors: amounts falling due within one year
6
(111,005)
(110,139)
Net current assets
162,368
149,175
Total assets less current liabilities
263,045
267,205
Creditors: amounts falling due after more than one year
7
(89,173)
(114,507)
Provisions for liabilities
(1,100)
(1,500)
Net assets
172,772
151,198
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
171,772
150,198
Total equity
172,772
151,198
BURNCLIFFE ELECTRICAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 4 September 2025
Mr P Wilkinson
Director
Company registration number 04322419 (England and Wales)
BURNCLIFFE ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Burncliffe Electrical Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Burncliffe, West End, West Road, Hexham, Northumberland, NE46 3DD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Prior period error

The comparative figures have been restated to account for a number of finance lease agreements which were previously treated as operating leases. The specific effects upon the prior period financial statements are disclosed in the notes to the accounts.

1.3
Turnover
Turnover represents amounts receivable for goods and services provided during the year, net of VAT and trade discounts.
1.4
Intangible fixed assets - goodwill
Acquired goodwill is recorded at cost within the financial statements.
1.5
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance basis
Fixtures, fittings & equipment
15% reducing balance basis
Motor vehicles
25% reducing balance basis

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.

BURNCLIFFE ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

BURNCLIFFE ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
12
13
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
1
Amortisation and impairment
At 1 January 2024 and 31 December 2024
-
0
Carrying amount
At 31 December 2024
1
At 31 December 2023
1
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024 and 31 December 2024
18,139
9,653
137,901
165,693
Depreciation and impairment
At 1 January 2024
16,413
8,924
22,327
47,664
Depreciation charged in the year
258
109
16,986
17,353
At 31 December 2024
16,671
9,033
39,313
65,017
Carrying amount
At 31 December 2024
1,468
620
98,588
100,676
At 31 December 2023
1,726
729
115,574
118,029
BURNCLIFFE ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
119,901
118,269
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Obligations under finance leases
15,335
14,093
Trade creditors
9,089
15,924
Corporation tax
15,174
11,079
Other taxation and social security
39,165
35,811
Other creditors
20,347
21,337
Accruals and deferred income
1,895
1,895
111,005
110,139

Obligations under finance lease arrangements are secured upon the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
9,167
19,167
Obligations under finance leases
80,006
95,340
89,173
114,507
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
BURNCLIFFE ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
9,870
-
10
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Dec 2023
£
£
£
Fixed assets
Tangible assets
10,700
107,329
118,029
Creditors due within one year
Finance leases
-
(14,093)
(14,093)
Taxation
(47,409)
519
(46,890)
Creditors due after one year
Finance leases
-
(95,340)
(95,340)
Provisions for liabilities
Deferred tax
(3,000)
1,500
(1,500)
Net assets
151,283
(85)
151,198
Capital and reserves
Profit and loss reserves
150,283
(85)
150,198
Reconciliation of changes in equity
1 January
31 December
2023
2023
£
£
Adjustments to prior year
Reclassifying operating leases as finance leases
-
(85)
Equity as previously reported
139,501
151,283
Equity as adjusted
139,501
151,198
Analysis of the effect upon equity
Profit and loss reserves
-
(85)
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