Company Registration No. 07728351 (England and Wales)
BRIDGEFORD ELECTRICAL SERVICES LTD
Unaudited accounts
for the year ended 31 July 2023
BRIDGEFORD ELECTRICAL SERVICES LTD
Unaudited accounts
Contents
BRIDGEFORD ELECTRICAL SERVICES LTD
Company Information
for the year ended 31 July 2023
Directors
Michael Silvester
Tracey Silvester
Company Number
07728351 (England and Wales)
Registered Office
VICTORIA CROFT ECCLESHALL ROAD
GREAT BRIDGEFORD
STAFFORD
ST18 9PS
Accountants
Paul Roscoe & Co
accountants & business advisers
Heath House
Cheadle Road
UTTOXETER
ST14 7BY
BRIDGEFORD ELECTRICAL SERVICES LTD
Statement of financial position
as at 31 July 2023
Tangible assets
6,711
8,164
Cash at bank and in hand
9,938
5,990
Creditors: amounts falling due within one year
(13,830)
(12,451)
Net current liabilities
(3,892)
(7,170)
Called up share capital
1
1
Profit and loss account
2,818
993
Shareholders' funds
2,819
994
For the year ending 31 July 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 7 December 2023 and were signed on its behalf by
Michael Silvester
Director
Company Registration No. 07728351
BRIDGEFORD ELECTRICAL SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
BRIDGEFORD ELECTRICAL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 07728351. The registered office is VICTORIA CROFT ECCLESHALL ROAD, GREAT BRIDGEFORD, STAFFORD, ST18 9PS.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% diminishing balance
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
BRIDGEFORD ELECTRICAL SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
10,435
27,095
364
37,894
At 31 July 2023
10,435
27,095
1,163
38,693
At 1 August 2022
7,718
21,939
73
29,730
Charge for the year
730
1,289
233
2,252
At 31 July 2023
8,448
23,228
306
31,982
At 31 July 2023
1,987
3,867
857
6,711
At 31 July 2022
2,717
5,156
291
8,164
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,687
1,519
Taxes and social security
4,243
3,035
Other creditors
7,900
7,897
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).