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Company Registration No. 10984211 (England and Wales)
IB Electrical (NW) Limited Unaudited accounts for the year ended 30 September 2025
IB Electrical (NW) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IB Electrical (NW) Limited Company Information for the year ended 30 September 2025
Director
Mr I Bennison
Company Number
10984211 (England and Wales)
Registered Office
20 OLD KILN LANE BOLTON BL1 5PD UNITED KINGDOM
Accountants
J F Balshaw & Co 22 Shoreswood Sharples Bolton Lancashire BL1 7DD
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IB Electrical (NW) Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,989
8,737
Current assets
Debtors
5
5,674
8,110
Cash at bank and in hand
1,298
260
6,972
8,370
Creditors: amounts falling due within one year
6
(12,792)
(15,992)
Net current liabilities
(5,820)
(7,622)
Total assets less current liabilities
1,169
1,115
Creditors: amounts falling due after more than one year
7
-
(498)
Net assets
1,169
617
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,069
517
Shareholders' funds
1,169
617
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 May 2026 and were signed on its behalf by
Mr I Bennison Director Company Registration No. 10984211
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IB Electrical (NW) Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
IB Electrical (NW) Limited is a private company, limited by shares, registered in England and Wales, registration number 10984211. The registered office is 20 OLD KILN LANE, BOLTON, BL1 5PD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 October 2024
572
24,000
1,589
26,161
At 30 September 2025
572
24,000
1,589
26,161
Depreciation
At 1 October 2024
452
16,136
836
17,424
Charge for the year
24
1,573
151
1,748
At 30 September 2025
476
17,709
987
19,172
Net book value
At 30 September 2025
96
6,291
602
6,989
At 30 September 2024
120
7,864
753
8,737
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IB Electrical (NW) Limited Notes to the Accounts for the year ended 30 September 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
5,674
8,110
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
1,979
Taxes and social security
2,991
4,078
Loans from directors
8,617
8,818
Accruals
1,184
1,117
12,792
15,992
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
498
8
Transactions with related parties
A balance of £8,617 (2024 £8,818) is owed to the director, Mr I Bennison.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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