REGISTERED NUMBER: 00359776 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Boggis Electrical Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

21,326

29,533

CURRENT ASSETS

Stocks

85,374

91,902

Debtors

5

106,056

150,687

Cash at bank and in hand

83,275

160,827

274,705

403,416

CREDITORS

Amounts falling due within one year

6

58,336

110,679

NET CURRENT ASSETS

216,369

292,737

TOTAL ASSETS LESS CURRENT LIABILITIES

237,695

322,270

CREDITORS

Amounts falling due after more than one year

7

(12,140

)

(26,195

)

PROVISIONS FOR LIABILITIES

(5,332

)

(7,383

)

NET ASSETS

220,223

288,692

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Capital reserve

248

248

Retained earnings

215,975

284,444

SHAREHOLDERS' FUNDS

220,223

288,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 7 October 2025 and were signed on its behalf by:

Mr J P Turner - Director

Mrs T Turner - Director

1.	STATUTORY INFORMATION

Boggis Electrical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00359776

Registered office:

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

The presentation currency of the financial statements is the Pound Sterling (£).

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 tools

-

20% on reducing balance and 15% on cost

Office equipment

-

10% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance and 20% on cost

Computer equipment

-

25% on reducing balance and 25% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Computer

tools

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

18,508

10,232

110,716

22,092

161,548

Disposals

-

-

(9,129

)

-

(9,129

)

At 30 June 2025

18,508

10,232

101,587

22,092

152,419

DEPRECIATION

At 1 July 2024

16,442

7,898

89,563

18,112

132,015

Charge for year

528

308

5,399

1,971

8,206

Eliminated on disposal

-

-

(9,128

)

-

(9,128

)

At 30 June 2025

16,970

8,206

85,834

20,083

131,093

NET BOOK VALUE

At 30 June 2025

1,538

2,026

15,753

2,009

21,326

At 30 June 2024

2,066

2,334

21,153

3,980

29,533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

91,830

137,149

Prepayments

14,226

13,538

106,056

150,687

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

10,671

10,000

Hire purchase contracts (see note 8)

4,889

4,369

Trade creditors

18,961

27,036

Taxation

385

20,602

Social security and other taxes

3,684

4,913

VAT

7,053

29,415

Other creditors and accruals

12,693

14,344

58,336

110,679

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans - 1-5 years

-

9,166

Hire purchase contracts (see note 8)

12,140

17,029

12,140

26,195

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.25

30.6.24

£

£

Net obligations repayable:

Within one year

4,889

4,369

Between one and five years

12,140

17,029

17,029

21,398

Non-cancellable

operating leases

30.6.25

30.6.24

£

£

Within one year

7,218

7,218

Between one and five years

9,022

16,240

16,240

23,458