| Bold Electrification UK Ltd |
| Registered number: |
13778140 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
10,343 |
|
|
12,201 |
|
| Current assets |
| Debtors |
4 |
|
123,589 |
|
|
99,071 |
| Cash at bank and in hand |
|
|
29,982 |
|
|
91,894 |
|
|
|
153,571 |
|
|
190,965 |
|
| Creditors: amounts falling due within one year |
5 |
|
(66,079) |
|
|
(117,763) |
|
| Net current assets |
|
|
|
87,492 |
|
|
73,202 |
|
| Total assets less current liabilities |
|
|
|
97,835 |
|
|
85,403 |
|
|
| Provisions for liabilities |
|
|
|
(2,585) |
|
|
(3,050) |
|
|
| Net assets |
|
|
|
95,250 |
|
|
82,353 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
95,249 |
|
|
82,352 |
|
| Shareholders' funds |
|
|
|
95,250 |
|
|
82,353 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
|
|
|
| B. Carreras |
| Director |
| Approved by the board on 23 December 2025 |
|
| Bold Electrification UK Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
13 |
|
12 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
15,642 |
|
Additions |
2,509 |
|
At 31 December 2024 |
18,151 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
3,441 |
|
Charge for the year |
4,367 |
|
At 31 December 2024 |
7,808 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
10,343 |
|
At 31 December 2023 |
12,201 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
106,641 |
|
99,071 |
|
Other debtors |
16,948 |
|
- |
|
|
|
|
|
|
123,589 |
|
99,071 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
3,275 |
|
10,482 |
|
Taxation and social security costs |
28,987 |
|
70,040 |
|
Other creditors |
33,817 |
|
37,241 |
|
|
|
|
|
|
66,079 |
|
117,763 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The company is a 100% owned subsidiary of Bold Valuable Technology Spain SL a company incorporated in Spain. |
|
|
| 7 |
Other information |
|
|
Bold Electrification UK Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Fides House |
|
10 Chertsey Road |
|
Woking |
|
Surrey |
|
GU21 5AB |