B Tointon Electrical Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09979817 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

B Tointon Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B C H Tointon

REGISTERED OFFICE:

Orchard Lodge

Giddylake

Wimborne

Dorset

BH21 2QT

REGISTERED NUMBER:

09979817 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

5,577

7,436

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

5

4,156

2,358

Cash at bank

21,674

15,950

27,330

19,808

CREDITORS

Amounts falling due within one year

6

22,896

25,226

NET CURRENT ASSETS/(LIABILITIES)

4,434

(5,418

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,011

2,018

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,911

1,918

10,011

2,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2023 and were signed by:

B C H Tointon - Director

1.	STATUTORY INFORMATION

B Tointon Electrical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax and is recognised on the completion and installation of goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current tax, recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is not recognised in respect of timing differences which have originated and not been reversed at the balance sheet date since the directors consider the that the amount is not material.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

5,426

14,545

19,971

DEPRECIATION

At 1 April 2022

3,615

8,920

12,535

Charge for year

453

1,406

1,859

At 31 March 2023

4,068

10,326

14,394

NET BOOK VALUE

At 31 March 2023

1,358

4,219

5,577

At 31 March 2022

1,811

5,625

7,436

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2022

14,545

Transfer to ownership

(14,545

)

At 31 March 2023

-

DEPRECIATION

At 1 April 2022

8,920

Transfer to ownership

(8,920

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

5,625

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

2,385

1,130

Other debtors

1,771

1,228

4,156

2,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

-

7,080

Trade creditors

3,857

2,770

Taxation and social security

7,323

4,247

Other creditors

11,716

11,129

22,896

25,226