Accounts



















	BARRI DAVIES ELECTRICAL LIMITED



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 30 MARCH 2025

	BARRI DAVIES ELECTRICAL LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 MARCH 2025


	DIRECTORS

	B Davies
	L M Davies


	SECRETARY

	L M Davies

	REGISTERED OFFICE

	Rhosnewydd, Brynhoffnant Llandysul, Ceredigion SA44 6EA


	COMPANY REGISTERED NUMBER

	04670089


	BANKERS

	HSBC Bank plc


	ACCOUNTANTS

	Lyness Accountancy Practice Limited
	Chartered Certified Accountants
	78 Birmingham Street, Oldbury, West Midlands, B69 4EB

	page 1

	BARRI DAVIES ELECTRICAL LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 MARCH 2025


	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-10	Notes to the Financial Statements

	page 2

BARRI DAVIES ELECTRICAL LIMITED
Company registered number: 04670089
STATEMENT OF FINANCIAL POSITION AT 30 March 2025

	Note	2025		2024
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		95,334	107,964
Investments held as fixed assets	4		102,007	99,014
			197,341	206,978
CURRENT ASSETS
Inventories		20,128		19,567
Debtors	5	90,928		182,320
Cash at bank and in hand		881,611		559,424
		992,667		761,311
CREDITORS: Amounts falling due within one year	6	173,182		167,737
NET CURRENT ASSETS			819,485	593,574
TOTAL ASSETS LESS CURRENT LIABILITIES			1,016,826	800,552

PROVISIONS FOR LIABILITIES			(208,466)	(26,583)
NET ASSETS			£808,360	£773,969

CAPITAL AND RESERVES
Called up share capital			2	2
Retained earnings			808,358	773,967
SHAREHOLDERS' FUNDS			£808,360	£773,969

	The notes on pages 5-10 form part of these financial statements

	page 3

BARRI DAVIES ELECTRICAL LIMITED
Company registered number: 04670089
STATEMENT OF FINANCIAL POSITION AT 30 March 2025 (CONT.)

	Note	2025		2024
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 04/12/2025

	Signed on behalf of the board of directors



	B Davies, Director

	The notes on pages 5-10 form part of these financial statements

	page 4

	BARRI DAVIES ELECTRICAL LIMITED
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 30 MARCH 2025



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	Barri Davies Electrical Limited is a private company, limited by shares, incorporated in England & Wales.

	Registered office:
	Rhosnewydd, Brynhoffnant Llandysul, Ceredigion SA44 6EA

1b.	Basis of accounting

	These financial statements have been prepared in accordance with the provisions of Section 1A 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. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.


1e.	Taxation

	Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

	The notes on pages 5-10 form part of these financial statements

	page 5

	BARRI DAVIES ELECTRICAL LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 MARCH 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1f.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Freehold buildings	Reducing balance 10%
	Plant and machinery	Reducing balance 15%
	Vehicles	Reducing balance 25%
	Fixtures and fittings	Reducing balance 15%
	Equipment	Reducing balance 15%


1g.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.


1h.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1i.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


1j.	Interest bearing borrowings

	All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.


1k.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

	The notes on pages 5-10 form part of these financial statements

	page 6

	BARRI DAVIES ELECTRICAL LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 MARCH 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1l.	Employee benefits

	The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.

	The company also provides pension benefits for senior employees, under the terms of the pension contracts entered into with the senior employees, fixed sums are provided for now in order to provide pension benefits to the individuals upon their retirement. The pension contracts allow for an annual increase in respect of indexation over and above the initial contracted amount.

	Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the directors consider that it does not bear any of the hallmarks of a defined benefit scheme as the company's contributions are fixed until the point of retirement at which point any further contributions of annual increases cease.


1m.	Provisions

	Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2025	2024
		No.	No.
	Management and administration	10	10

	The notes on pages 5-10 form part of these financial statements

	page 7

	BARRI DAVIES ELECTRICAL LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 MARCH 2025


3.	PROPERTY, PLANT AND EQUIPMENT
			Plant &	Fixtures &
		Freehold	Machinery	Equipment	Total
		£	£	£	£
	Cost

	At 31 March 2024	6,248	193,960	8,554	208,762
	Additions	-	14,400	-	14,400

	Disposals	-	(10,650)	-	(10,650)
	At 30 March 2025	6,248	197,710	8,554	212,512

	Depreciation

	At 31 March 2024	4,617	87,627	8,554	100,798
	Disposals	-	(9,229)	-	(9,229)
	For the year	163	25,446	-	25,609
	At 30 March 2025	4,780	103,844	8,554	117,178

	Net Book Amounts

	At 30 March 2025	£1,468	£93,866	£-	£95,334
	At 30 March 2024	£1,631	£106,333	£-	£107,964



4.	INVESTMENTS HELD AS FIXED ASSETS
		Other
		investments
		Other than
		loans	Total
		£	£
	Cost or valuation

	At 31 March 2024	99,014	99,014
	Additions	2,993	2,993
	At 30 March 2025	102,007	102,007

	Amounts written off

	At 30 March 2025	-	-

	Net Book Amounts

	At 30 March 2025	102,007	102,007
	At 30 March 2024	99,014	99,014

	The notes on pages 5-10 form part of these financial statements

	page 8

	BARRI DAVIES ELECTRICAL LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 MARCH 2025



5.	DEBTORS	2025	2024
		£	£
	Trade debtors	90,425	182,320
	Other debtors	503	-
		£90,928	£182,320



6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	37,884	10,109
	Finance leases and hire purchase contracts	14,114	25,604
	Trade creditors	60,079	44,009
	Corporation tax	28,482	40,356
	Other taxes and social security	21,571	44,691
	Other creditors	902	1,468
	Accruals and deferred income	10,150	1,500
		£173,182	£167,737

	The notes on pages 5-10 form part of these financial statements

	page 9

	BARRI DAVIES ELECTRICAL LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 MARCH 2025



7.	RETIREMENT BENEFIT SCHEMES
		2025	2024
		£	£

	Provision for liabilities - Retirement benefits	185,000	-
		185,000	-

			Retirement
			Benefits
			£
	Movement on provisions:

	Balance at 31 March 2024		-

	Additional provisions during the period		185,000
	Balance at 30 March 2025		185,000

	The company provided pension benefits in respect of senior employees. Amounts payable are charged to the profit and loss account in the year as a constructive obligation existed at 30th March 2025. This obligation was satisfied within 9 months of the year end by the company entering into a pension contract with the director. The number of directors to whom pension benefits are accruing under these pension agreements is 1 (2024: 0).

	The contributions and potential liabilities of the company in respect of the pension agreement are fixed at least until the date of retirement of the employee which is over 11 years from the year-end date.

	Although under section 28 of FRS 102 this pension arrangement is regarded as being a defined benefit scheme, the director is of the opinion that it does not bear any of the hallmarks of what is usually considered to be a defined benefit scheme and therefore no further disclosures are considered necessary in order to understand the nature and measurement of the liability.

	The directors are also of the opinion that the liability as disclosed in the financial statements represents the full and final amount which could be expected, at this stage, to be paid in the future to settle the pension agreement liabilities.

	The notes on pages 5-10 form part of these financial statements

	page 10