| Banzhou Electric Limited |
| Registered number: |
13069866 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
3,674 |
|
|
- |
| Tangible assets |
4 |
|
|
519,796 |
|
|
396,448 |
|
|
|
|
523,470 |
|
|
396,448 |
|
| Current assets |
| Stocks |
|
|
2,160,228 |
|
|
2,185,658 |
| Debtors |
5 |
|
238,196 |
|
|
216,088 |
| Cash at bank and in hand |
|
|
33,043 |
|
|
77,840 |
|
|
|
2,431,467 |
|
|
2,479,586 |
|
| Creditors: amounts falling due within one year |
6 |
|
(4,001,193) |
|
|
(3,586,907) |
|
| Net current liabilities |
|
|
|
(1,569,726) |
|
|
(1,107,321) |
|
| Total assets less current liabilities |
|
|
|
(1,046,256) |
|
|
(710,873) |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(100,000) |
|
|
(100,000) |
|
|
|
| Net liabilities |
|
|
|
(1,146,256) |
|
|
(810,873) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
111 |
|
|
111 |
| Profit and loss account |
|
|
|
(1,146,367) |
|
|
(810,984) |
|
| Shareholders' funds |
|
|
|
(1,146,256) |
|
|
(810,873) |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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. |
|
|
|
|
| Mr. Aeron Morgan Buchanan |
| Director |
| Approved by the board on 29 September 2025 |
|
| Banzhou Electric Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative 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: |
|
|
Equipment |
20% reducing balance |
|
Plant & Machinery |
20% reducing balance |
|
|
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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Going concern |
|
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and director. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis. |
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
Additions |
3,934 |
|
At 31 December 2024 |
3,934 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the year |
260 |
|
At 31 December 2024 |
260 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
3,674 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Office equipment |
|
Plant & machinery |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
341,234 |
|
69,454 |
|
- |
|
410,688 |
|
Additions |
109,235 |
|
1,006 |
|
28,548 |
|
138,789 |
|
At 31 December 2024 |
450,469 |
|
70,460 |
|
28,548 |
|
549,477 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
- |
|
14,240 |
|
- |
|
14,240 |
|
Charge for the year |
- |
|
2,818 |
|
12,623 |
|
15,441 |
|
At 31 December 2024 |
- |
|
17,058 |
|
12,623 |
|
29,681 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
450,469 |
|
53,402 |
|
15,925 |
|
519,796 |
|
At 31 December 2023 |
341,234 |
|
55,214 |
|
- |
|
396,448 |
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
20,856 |
|
- |
|
Other debtors |
217,340 |
|
216,088 |
|
|
|
|
|
|
238,196 |
|
216,088 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
14,260 |
|
6,815 |
|
Other taxes and social security costs |
1,648 |
|
825 |
|
Other creditors |
3,985,285 |
|
3,579,267 |
|
|
|
|
|
|
4,001,193 |
|
3,586,907 |
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Other creditors |
100,000 |
|
100,000 |
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Banzhou Electric Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Hinksey Court |
|
Church Way |
|
Oxford |
|
Oxfordshire |
|
OX2 9SX |