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REGISTERED NUMBER: 04255359 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

ACKROYD ELECTRICAL SERVICES LTD

ACKROYD ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04255359)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACKROYD ELECTRICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTOR: M A Ackroyd





REGISTERED OFFICE: 3 Gladstone Street
Basford
NOTTINGHAM
Nottinghamshire
NG7 6GA





REGISTERED NUMBER: 04255359 (England and Wales)





ACCOUNTANTS: Atkinson Evans Limited
Chartered Certified Accountants
The Old Drill Hall
10 Arnot Hill Road
Arnold
Nottingham
Nottinghamshire
NG5 6LJ

ACKROYD ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04255359)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,162 98,081

CURRENT ASSETS
Stocks 84,223 98,459
Debtors 5 683,513 868,537
Cash at bank and in hand 16,420 11
784,156 967,007
CREDITORS
Amounts falling due within one year 6 301,218 455,442
NET CURRENT ASSETS 482,938 511,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,100

609,646

PROVISIONS FOR LIABILITIES 24,520 24,520
NET ASSETS 531,580 585,126

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 531,577 585,123
SHAREHOLDERS' FUNDS 531,580 585,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

ACKROYD ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04255359)

BALANCE SHEET - continued
31ST DECEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th September 2023 and were signed by:





M A Ackroyd - Director


ACKROYD ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04255359)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022


1. STATUTORY INFORMATION

Ackroyd Electrical Services 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 work completed to an acceptable state by the year end, excluding value added tax.
Turnover is recognised at stage valuation date, or invoice date, whichever is earlier. The value of turnover constitutes invoiced work, less invoices raised in advance of completion of work.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in Progress is valued at the lower of cost and net relisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is 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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ACKROYD ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04255359)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2022 228,831
Additions 3,027
At 31st December 2022 231,858
DEPRECIATION
At 1st January 2022 130,750
Charge for year 27,946
At 31st December 2022 158,696
NET BOOK VALUE
At 31st December 2022 73,162
At 31st December 2021 98,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 184,377 236,148
Amounts recoverable on contract 68,280 409,028
Other debtors 430,856 223,361
683,513 868,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 40,860
Trade creditors 138,296 182,515
Taxation and social security 132,241 174,042
Other creditors 30,681 58,025
301,218 455,442