REGISTERED NUMBER: 08963788 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2025 TO 31 OCTOBER 2025

FOR

BEARDSMORE AND VEASEY ELECTRICAL

CONTRACTORS LTD

TRADING AS

BVEC

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J S Beardsmore

Mr D L Veasey

Mr S M Veasey

REGISTERED OFFICE:

Unit 7 Trojan Industrial Park

Borough Close

Paignton

Devon

TQ4 7EP

REGISTERED NUMBER:

08963788 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

HSBC Bank Plc

7 Palace Avenue

Paignton

Devon

TQ3 3ED

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,650

11,996

9,650

11,996

CURRENT ASSETS

Stocks

6

28,000

28,000

Debtors

7

384,769

359,375

Cash at bank

6,101

1

418,870

387,376

CREDITORS

Amounts falling due within one year

8

378,217

377,881

NET CURRENT ASSETS

40,653

9,495

TOTAL ASSETS LESS CURRENT LIABILITIES

50,303

21,491

CREDITORS

Amounts falling due after more than one year

9

-

(18,295

)

PROVISIONS FOR LIABILITIES

(2,414

)

(2,279

)

NET ASSETS

47,889

917

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,789

817

SHAREHOLDERS' FUNDS

47,889

917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

Mr D L Veasey - Director

Mr J S Beardsmore - Director

Mr S M Veasey - Director

1.	STATUTORY INFORMATION

Beardsmore And Veasey Electrical Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 14 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 October 2025

5,000

AMORTISATION

At 1 April 2025

and 31 October 2025

5,000

NET BOOK VALUE

At 31 October 2025

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

6,471

51,284

5,601

63,356

Disposals

-

(6,995

)

-

(6,995

)

At 31 October 2025

6,471

44,289

5,601

56,361

DEPRECIATION

At 1 April 2025

2,243

44,068

5,049

51,360

Charge for period

493

976

352

1,821

Eliminated on disposal

-

(6,470

)

-

(6,470

)

At 31 October 2025

2,736

38,574

5,401

46,711

NET BOOK VALUE

At 31 October 2025

3,735

5,715

200

9,650

At 31 March 2025

4,228

7,216

552

11,996

6.

STOCKS

2025

2025

£

£

Stocks

28,000

28,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade debtors

158,366

128,493

Amounts owed by associates

74,652

51,053

Amounts recoverable on contract

28,000

61,216

Other debtors

39,255

57,329

Directors' current accounts

55,036

25,783

Tax

19,031

19,031

Prepayments

10,429

16,470

384,769

359,375

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Bank loans and overdrafts

33,404

49,454

Trade creditors

123,104

129,210

Tax

51,138

38,909

Social security and other taxes

13,241

14,641

VAT

41,102

66,845

Other creditors

113,503

75,898

Accrued expenses

2,725

2,924

378,217

377,881

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2025

£

£

Bank loans - 2-5 years

-

18,295

10.	OTHER FINANCIAL COMMITMENTS

At 31 October 2025, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £93,834 (31 March 2025: £63,679).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2025 and the year ended 31 March 2025:

2025

2025

£

£

Mr J S Beardsmore

Balance outstanding at start of period

8,312

(9,180

)

Amounts advanced

26,350

48,176

Amounts repaid

(7,169

)

(30,684

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

27,493

8,312

Mr D L Veasey

Balance outstanding at start of period

7,489

(12,915

)

Amounts advanced

28,007

46,580

Amounts repaid

(16,925

)

(26,176

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

18,571

7,489

Mr S M Veasey

Balance outstanding at start of period

9,982

(4,502

)

Amounts advanced

26,014

46,864

Amounts repaid

(27,024

)

(32,380

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

8,972

9,982

Loans are unsecured, interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

At the period end, the company is owed £74,652 (31 March 2025: £51,053) from BVEC Plumbing and Heating Limited, a company that is owned by shareholders that own 75% of this company.