Company Registration No. 10082031 (England and Wales)
Baughn Electrical Services and Testing Limited
Unaudited accounts
for the year ended 31 March 2021
Baughn Electrical Services and Testing Limited
Unaudited accounts
Contents
Baughn Electrical Services and Testing Limited
Company Information
for the year ended 31 March 2021
Director
Mr Richard Baughn
Company Number
10082031 (England and Wales)
Registered Office
22 SCHOOL LANE
OLD SOMERBY
GRANTHAM
LINCOLNSHIRE
NG33 4AH
ENGLAND
Accountants
Additions Accountancy (Grantham) Ltd.
Baughn Electrical Services and Testing Limited
Accountants' report
Accountants' report to the director of Baughn Electrical Services and Testing Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Baughn Electrical Services and Testing Limited for the year ended
31 March 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Baughn Electrical Services and Testing Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Baughn Electrical Services and Testing Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baughn Electrical Services and Testing Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Baughn Electrical Services and Testing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Baughn Electrical Services and Testing Limited. You consider that Baughn Electrical Services and Testing Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Baughn Electrical Services and Testing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Additions Accountancy (Grantham) Ltd.
1 November 2021
Baughn Electrical Services and Testing Limited
Statement of financial position
as at
31 March 2021
Tangible assets
15,364
11,880
Cash at bank and in hand
21,965
-
Creditors: amounts falling due within one year
(18,659)
(27,397)
Net current assets/(liabilities)
14,338
(6,758)
Total assets less current liabilities
29,702
5,122
Creditors: amounts falling due after more than one year
(27,009)
(6,753)
Net assets/(liabilities)
2,693
(1,631)
Called up share capital
100
100
Profit and loss account
2,593
(1,731)
Shareholders' funds
2,693
(1,631)
For the year ending 31 March 2021 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 1 November 2021 and were signed on its behalf by
Mr Richard Baughn
Director
Company Registration No. 10082031
Baughn Electrical Services and Testing Limited
Notes to the Accounts
for the year ended 31 March 2021
Baughn Electrical Services and Testing Limited is a private company, limited by shares, registered in England and Wales, registration number 10082031. The registered office is 22 SCHOOL LANE, OLD SOMERBY, GRANTHAM, LINCOLNSHIRE, NG33 4AH, ENGLAND.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
3,915
16,275
4,661
24,851
Additions
-
12,732
329
13,061
Disposals
-
(16,275)
-
(16,275)
At 31 March 2021
3,915
12,732
4,990
21,637
At 1 April 2020
1,548
9,409
2,014
12,971
Charge for the year
355
1,910
446
2,711
On disposals
-
(9,409)
-
(9,409)
At 31 March 2021
1,903
1,910
2,460
6,273
At 31 March 2021
2,012
10,822
2,530
15,364
At 31 March 2020
2,367
6,866
2,647
11,880
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,032
17,281
Accrued income and prepayments
-
3,358
Baughn Electrical Services and Testing Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
11,431
Obligations under finance leases and hire purchase contracts
-
3,254
Taxes and social security
11,137
9,048
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
4,339
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).