Bomac Electric Limited - Filleted accounts

Registered number

01276494

Bomac Electric Limited

Unaudited Filleted Accounts

30 June 2025

Bomac Electric Limited
Registered number:		01276494
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		71,725			59,392

Current assets
Stocks		373,494			378,323
Debtors	4	262,362			399,017
Cash at bank and in hand		893			137
		636,749			777,477

Creditors: amounts falling due within one year	5	(580,978)			(680,365)

Net current assets			55,771			97,112

Total assets less current liabilities			127,496			156,504


Provisions for liabilities			(13,641)			(11,285)


Net assets			113,855			145,219

Capital and reserves
Called up share capital			10,000			10,000
Profit and loss account			103,855			135,219

Shareholder's funds			113,855			145,219

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 member has 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.




Mrs J. E. McDonald
Director
Approved by the board on 21 August 2025

Bomac Electric Limited
Notes to the Accounts
for the year ended 30 June 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.

	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:

	Plant and machinery			over 10 years
	Fixtures, fittings, tools and equipment			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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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					11		11


3	Tangible fixed assets
		Fixtures & fittings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	98,256		345,458		4,123		447,837
	Additions	-		24,295		-		24,295
	At 30 June 2025	98,256		369,753		4,123		472,132

	Depreciation
	At 1 July 2024	72,803		315,642		-		388,445
	Charge for the year	4,856		7,106		-		11,962
	At 30 June 2025	77,659		322,748		-		400,407

	Net book value
	At 30 June 2025	20,597		47,005		4,123		71,725
	At 30 June 2024	25,453		29,816		4,123		59,392


4	Debtors					2025		2024
£							£

	Trade debtors					239,299		342,417
	Other debtors					23,063		56,600
						262,362		399,017


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					323,869		400,599
	Trade creditors					73,543		209,926
	Taxation and social security costs					171,171		68,540
	Other creditors					12,395		1,300
						580,978		680,365


6	Other information

	Bomac Electric Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Randles Road
	Knowsley Industrial park
	Prescott
	Merseyside
	L34 9HX