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COMPANY REGISTRATION NUMBER: 04836780

B & K Electricals Limited

Filleted Unaudited Abridged Financial Statements

31 August 2025

B & K Electricals Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of B & K Electricals Limited

Year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of B & K Electricals Limited for the year ended 31 August 2025, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of B & K Electricals Limited. Our work has been undertaken solely to prepare for your approval the abridged financial statements of B & K Electricals Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B & K Electricals Limited and its director for our work or for this report.
It is your duty to ensure that B & K Electricals Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of B & K Electricals Limited. You consider that B & K Electricals Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of B & K Electricals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
3S ACCOUNTANCY Chartered accountants
5-8 Priestgate Darlington DL1 1NL
2 April 2026

B & K Electricals Limited

Abridged Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 607,504 | 664,966

Current assets

Debtors | 353,066 | 112,112
Cash at bank and in hand | 354,615 | 305,605
| --------- | ---------
| 707,681 | 417,717

Creditors: amounts falling due within one year | 225,118 | 175,118
| --------- | ---------
Net current assets | 482,563 | 242,599
| ------------ | ---------
Total assets less current liabilities | 1,090,067 | 907,565

Creditors: amounts falling due after more than one year | 6 | 358,638 | 369,642

Provisions

Taxation including deferred tax | 15,858 | 30,223
| ------------ | ---------
Net assets | 715,571 | 507,700
| ------------ | ---------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 715,471 | 507,600
| --------- | ---------
Shareholders funds | 715,571 | 507,700
| --------- | ---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

B & K Electricals Limited

Abridged Statement of Financial Position (continued)

31 August 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 2 April 2026 , and are signed on behalf of the board by:

Tony Baigent |
Director |

Company registration number: 04836780

B & K Electricals Limited

Notes to the Abridged Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 87 Kings Road North, Wallsend, Tyne & Wear, NE28 9JQ.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% straight line
| Motor vehicles | - | 25% straight line
| Equipment | - | 20% straight line

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2024: 27 ).
5. Tangible assets

| £
Cost |
At 1 September 2024 | 1,031,750
Disposals | ( 137,509)
| ------------
At 31 August 2025 | 894,241
| ------------
Depreciation |
At 1 September 2024 | 366,784
Charge for the year | 44,187
Disposals | ( 124,234)
| ------------
At 31 August 2025 | 286,737
| ------------
Carrying amount |
At 31 August 2025 | 607,504
| ------------
At 31 August 2024 | 664,966
| ------------

The investment properties were valued on acquisition at open market value by an independent, qualified valuer on acquisition in 2023at £544,072. The directors consider that this remains their fair value.
6. Creditors: amounts falling due after more than one year
Included within creditors: amounts falling due after more than one year is an amount of £337,950 (2024: £343,782) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Creditors due after more than five years repayable by installments relates to mortgages secured on two investment properties with a book value of £544,072, and reflects the fair value of the loan. Interest is charged at a rate linked to base rate.
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Tony Baigent | 21,250 | 40,445 | ( 61,695) | –
|  | -------- | -------- | -------- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Tony Baigent | ( 10,629) | 56,879 | ( 25,000) | 21,250
|  | -------- | -------- | -------- | --------

During the year the company paid rent to T Baigent amounting to £20,500 (2024: £18,000).