B M Electrical Wholesale Ltd Filleted accounts for Companies House (small and micro)
B M Electrical Wholesale Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI047792
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Abridged Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' 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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
17 December 2021
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
NI047792
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Notes to the Abridged Financial Statements |
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Ormeau House, 91-97 Ormeau Road, Belfast, Co Antrim, BT7 1SH, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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:
Tennants Improvements |
- |
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Leasehold Property |
- |
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Government grants
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
34
(2020:
37
).
5.
Intangible assets
£ |
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Cost |
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At 1 April 2020 and 31 March 2021 |
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Amortisation |
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At 1 April 2020 |
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Charge for the year |
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At 31 March 2021 |
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Carrying amount |
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At 31 March 2021 |
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At 31 March 2020 |
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6.
Tangible assets
£ |
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Cost |
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At 1 April 2020 |
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Additions |
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Disposals |
(
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At 31 March 2021 |
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Depreciation |
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At 1 April 2020 |
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Charge for the year |
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Disposals |
(
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At 31 March 2021 |
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Carrying amount |
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At 31 March 2021 |
358,227 |
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At 31 March 2020 |
355,465 |
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7.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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2020 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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