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REGISTERED NUMBER: 04237481















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Darren Wilkins Electrical Contractors
Limited

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Darren Wilkins Electrical Contractors
Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs S J Wilkins
D Wilkins





SECRETARY: Mrs S J Wilkins





REGISTERED OFFICE: Coombend
Radstock
BA3 3AS





REGISTERED NUMBER: 04237481





ACCOUNTANTS: Nigelmarks Ltd
North Lodge
South Horrington
Wells
Somerset
BA5 3DZ

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,154 141,300

CURRENT ASSETS
Stocks 40,019 9,990
Debtors 5 224,275 286,018
Prepayments and accrued income 4,466 3,795
Cash at bank and in hand 363,163 148,274
631,923 448,077
CREDITORS
Amounts falling due within one year 6 184,738 183,235
NET CURRENT ASSETS 447,185 264,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,339

406,142

CREDITORS
Amounts falling due after more than
one year

7

(53,269

)

(60,605

)

PROVISIONS FOR LIABILITIES (27,276 ) (25,385 )
NET ASSETS 518,794 320,152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 518,694 320,052
518,794 320,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





D Wilkins - Director


Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Darren Wilkins Electrical Contractors Limited is a private company, limited by shares , registered in Not specified/Other. 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2022 33,692 55,284 -
Additions - 2,109 12,150
Disposals - - -
At 28 February 2023 33,692 57,393 12,150
DEPRECIATION
At 1 March 2022 23,161 48,345 -
Charge for year 3,369 2,262 3,038
Eliminated on disposal - - -
At 28 February 2023 26,530 50,607 3,038
NET BOOK VALUE
At 28 February 2023 7,162 6,786 9,112
At 28 February 2022 10,531 6,939 -

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 236,789 26,880 352,645
Additions 45,886 2,948 63,093
Disposals (9,557 ) - (9,557 )
At 28 February 2023 273,118 29,828 406,181
DEPRECIATION
At 1 March 2022 119,538 20,301 211,345
Charge for year 40,650 2,382 51,701
Eliminated on disposal (9,019 ) - (9,019 )
At 28 February 2023 151,169 22,683 254,027
NET BOOK VALUE
At 28 February 2023 121,949 7,145 152,154
At 28 February 2022 117,251 6,579 141,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 208,490 282,668
Other debtors 15,785 3,350
224,275 286,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,821 7,115
Finance leases 16,077 11,607
Trade creditors 120,345 100,441
Taxation and social security 31,580 54,639
Other creditors 9,915 9,433
184,738 183,235

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 15,914 22,441
Finance leases 37,355 38,164
53,269 60,605