Company Registration No. 5338848 (England and Wales)
B & W Electrical Limited
Unaudited accounts
for the year ended 31 March 2023
B & W Electrical Limited
Unaudited accounts
Contents
B & W Electrical Limited
Company Information
for the year ended 31 March 2023
Directors
David Wright
Paul Isherwood
Julie Wright
Company Number
5338848 (England and Wales)
Registered Office
Brook House
Maithouse Row
Dunstall Hill
Dunstall
DE13 8BE
Accountants
Diamond Accountancy Services Ltd
22 Chestnut Lane
Clifton Campville
Tamworth
Staffordshire
B79 0BN
B & W Electrical Limited
Statement of financial position
as at 31 March 2023
Tangible assets
40,961
10,699
Cash at bank and in hand
30,976
23,908
Creditors: amounts falling due within one year
(111,812)
(95,407)
Net current assets
7,730
31,158
Called up share capital
4
4
Profit and loss account
48,687
41,853
Shareholders' funds
48,691
41,857
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by
David Wright
Director
Company Registration No. 5338848
B & W Electrical Limited
Notes to the Accounts
for the year ended 31 March 2023
B & W Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 5338848. The registered office is Brook House, Maithouse Row, Dunstall Hill, Dunstall, DE13 8BE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
20,133
45,542
65,675
Additions
707
39,265
39,972
At 31 March 2023
20,840
84,807
105,647
At 1 April 2022
17,361
37,615
54,976
Charge for the year
2,002
7,708
9,710
At 31 March 2023
19,363
45,323
64,686
At 31 March 2023
1,477
39,484
40,961
At 31 March 2022
2,772
7,927
10,699
B & W Electrical Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
79,816
91,835
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
33,205
42,014
Obligations under finance leases and hire purchase contracts
29,350
-
Trade creditors
21,148
25,543
Taxes and social security
24,090
23,229
Other creditors
4,019
4,621
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).