Company Registration No. 09964095 (England and Wales)
NTH ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
for the year ended 31 December 2021
NTH ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
Contents
NTH ELECTRICAL CONTRACTORS LIMITED
Company Information
for the year ended 31 December 2021
Company Number
09964095 (England and Wales)
Registered Office
8 Follyhall Road
Tingley
Wakefield
West Yorkshire
WF3 1TN
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
NTH ELECTRICAL CONTRACTORS LIMITED
Statement of financial position
as at 31 December 2021
Tangible assets
18,401
22,935
Cash at bank and in hand
603
46,325
Creditors: amounts falling due within one year
(37,667)
(23,327)
Net current assets
12,807
37,108
Total assets less current liabilities
31,208
60,043
Creditors: amounts falling due after more than one year
(27,333)
(49,732)
Provisions for liabilities
Deferred tax
(3,496)
(4,358)
Called up share capital
1
1
Profit and loss account
378
5,952
Shareholders' funds
379
5,953
For the year ending 31 December 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 8 March 2022 and were signed on its behalf by
N.Handley
Director
Company Registration No. 09964095
NTH ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 December 2021
NTH ELECTRICAL CONTRACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09964095. The registered office is 8 Follyhall Road, Tingley, Wakefield, West Yorkshire, WF3 1TN.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
10% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
NTH ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
896
30,575
1,252
32,723
At 31 December 2021
896
30,575
1,252
32,723
At 1 January 2021
365
8,995
428
9,788
Charge for the year
53
4,316
165
4,534
At 31 December 2021
418
13,311
593
14,322
At 31 December 2021
478
17,264
659
18,401
At 31 December 2020
531
21,580
824
22,935
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
21,580
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
12,248
9,287
Accrued income and prepayments
821
3,883
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
8,000
-
Obligations under finance leases and hire purchase contracts
-
7,924
Trade creditors
12,602
5,311
Taxes and social security
7,873
7,438
Loans from directors
-
225
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
49,732
NTH ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 December 2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
-
32,648
-
32,648
Overdrawn Directors Loan Account as at 31st December 2021. Repaid within 9 months and 1 day following the end of the Accounting Period.
10
Average number of employees
During the year the average number of employees was 2 (2020: 3).