General Information
Burden Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 06827757, registration address 65 Peach Street, Wokingham, Berkshire, RG40 1XP.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
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..
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimateduseful life.
| Plant and Machinery |
33% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
20% Reducing Balance
|
| Computer Equipment |
20% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 March 2024 |
261 |
|
48,205 |
|
- |
|
749 |
|
49,215 |
| Additions |
1,174 |
|
14,149 |
|
1,283 |
|
3,484 |
|
20,090 |
| Disposals |
- |
|
(15,625) |
|
- |
|
- |
|
(15,625) |
| At 28 February 2025 |
1,435 |
|
46,729 |
|
1,283 |
|
4,233 |
|
53,680 |
| Depreciation |
| At 01 March 2024 |
261 |
|
23,071 |
|
- |
|
494 |
|
23,826 |
| Charge for year |
226 |
|
6,645 |
|
185 |
|
294 |
|
7,350 |
| On disposals |
- |
|
(8,817) |
|
- |
|
- |
|
(8,817) |
| At 28 February 2025 |
487 |
|
20,899 |
|
185 |
|
788 |
|
22,359 |
| Net book values |
| Closing balance as at 28 February 2025 |
948 |
|
25,830 |
|
1,098 |
|
3,445 |
|
31,321 |
| Opening balance as at 01 March 2024 |
- |
|
25,134 |
|
- |
|
255 |
|
25,389 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
14,000 |
|
20,000 |
|
14,000 |
|
20,000 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
502 |
|
- |
| Prepayments & Accrued Income |
74 |
|
25 |
| Amounts Recoverable on Contracts |
16,631 |
|
15,000 |
| Taxation recoverable |
106 |
|
1,750 |
|
17,313 |
|
16,775 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
11,271 |
|
21,580 |
| Bank Loans & Overdrafts |
25,720 |
|
22,573 |
| Other Loan |
2,349 |
|
- |
| Social Security and Other Tax |
44,276 |
|
42,574 |
| Accrued Expenses |
1,480 |
|
1,620 |
| Other Creditors |
4,134 |
|
95 |
| Pension fund |
274 |
|
314 |
| HP - less than 1 yr |
5,275 |
|
6,296 |
|
94,779 |
|
95,052 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
7,116 |
|
16,403 |
| HP - 1 - 5 years |
9,938 |
|
5,656 |
|
17,054 |
|
22,059 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
4,903 |
|
4,780 |
|
4,903 |
|
4,780 |
|
4
|