HEATH ELECTRICAL SERVICES MK LIMITED

Company Registration Number:
11565263 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2022

Period of accounts

Start date: 1 October 2021

End date: 30 September 2022

HEATH ELECTRICAL SERVICES MK LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HEATH ELECTRICAL SERVICES MK LIMITED

Profit And Loss Account

for the Period Ended 30 September 2022

2022 2021


£

£
Turnover: 2,138,821 1,542,641
Cost of sales: ( 1,482,728 ) ( 1,171,863 )
Gross profit(or loss): 656,093 370,778
Distribution costs: ( 171,184 ) ( 124,886 )
Administrative expenses: ( 403,551 ) ( 292,690 )
Operating profit(or loss): 81,358 (46,798)
Interest payable and similar charges: ( 19,104 ) ( 13,822 )
Profit(or loss) before tax: 62,254 (60,620)
Tax: ( 11,828 )
Profit(or loss) for the financial year: 50,426 (60,620)

HEATH ELECTRICAL SERVICES MK LIMITED

Balance sheet

As at 30 September 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 218,304 414,209
Total fixed assets: 218,304 414,209
Current assets
Stocks: 4 208,364 254,039
Debtors: 5 193,013 167,548
Cash at bank and in hand: 79,877 47,866
Total current assets: 481,254 469,453
Net current assets (liabilities): 481,254 469,453
Total assets less current liabilities: 699,558 883,662
Creditors: amounts falling due after more than one year: 6 ( 204,315 ) ( 164,002 )
Total net assets (liabilities): 495,243 719,660
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 495,242 719,659
Total Shareholders' funds: 495,243 719,660

The notes form part of these financial statements

HEATH ELECTRICAL SERVICES MK LIMITED

Balance sheet statements

For the year ending 30 September 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 September 2023
and signed on behalf of the board by:

Name: Damien Heath
Status: Director

The notes form part of these financial statements

HEATH ELECTRICAL SERVICES MK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HEATH ELECTRICAL SERVICES MK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 28 24

HEATH ELECTRICAL SERVICES MK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2021 128,910 117,236 39,114 219,890 505,150
Additions 11,106 2,870 8,109 22,085
Disposals ( 42,103 ) ( 58,607 ) ( 17,204 ) ( 30,486 ) ( 148,400 )
Revaluations
Transfers
At 30 September 2022 97,913 61,499 30,019 189,404 378,835
Depreciation
At 1 October 2021 38,069 23,447 7,043 22,382 90,941
Charge for year 30,314 12,300 5,409 21,567 69,590
On disposals
Other adjustments
At 30 September 2022 68,383 35,747 12,452 43,949 160,531
Net book value
At 30 September 2022 29,530 25,752 17,567 145,455 218,304
At 30 September 2021 90,841 93,789 32,071 197,508 414,209

HEATH ELECTRICAL SERVICES MK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Stocks

2022 2021
£ £
Stocks 208,364 254,039
Total 208,364 254,039

HEATH ELECTRICAL SERVICES MK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

5. Debtors

2022 2021
£ £
Trade debtors 107,890 101,312
Other debtors 85,123 66,236
Total 193,013 167,548

HEATH ELECTRICAL SERVICES MK LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

6. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 24,860 38,340
Amounts due under finance leases and hire purchase contracts 72,006 68,414
Other creditors 107,449 57,248
Total 204,315 164,002