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Company Registration No. 9045449 (England and Wales)
JW Electrical Staffordshire Limited Unaudited accounts for the year ended 31 May 2023
JW Electrical Staffordshire Limited Unaudited accounts Contents
Page
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JW Electrical Staffordshire Limited Company Information for the year ended 31 May 2023
Director
James Wright
Company Number
9045449 (England and Wales)
Registered Office
10 Carisbrooke Way Trentham Stoke-on-Trent Staffordshire ST4 8UR England
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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JW Electrical Staffordshire Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,890 
11,720 
Current assets
Inventories
250 
50 
Debtors
1,324 
3,565 
Cash at bank and in hand
29,650 
44,226 
31,224 
47,841 
Creditors: amounts falling due within one year
(5,151)
(27,054)
Net current assets
26,073 
20,787 
Total assets less current liabilities
36,963 
32,507 
Provisions for liabilities
Deferred tax
(1,898)
(2,018)
Net assets
35,065 
30,489 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
35,055 
30,479 
Shareholders' funds
35,065 
30,489 
For the year ending 31 May 2023 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 31 July 2023 and were signed on its behalf by
James Wright Director Company Registration No. 9045449
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JW Electrical Staffordshire Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
JW Electrical Staffordshire Limited is a private company, limited by shares, registered in England and Wales, registration number 9045449. The registered office is 10 Carisbrooke Way, Trentham, Stoke-on-Trent, Staffordshire, ST4 8UR, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets (where applicable).
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method.
Motor vehicles
20% reducing balance method.
Computer equipment
20% reducing balance method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
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 (or less) 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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JW Electrical Staffordshire Limited Notes to the Accounts for the year ended 31 May 2023
Pension costs
The company pays pension contributions into the directors personal pension scheme (a defined contributions personal pension scheme specifically set up for the company to contribute to). Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
7,324 
At 31 May 2023
7,324 
Amortisation
At 1 June 2022
7,324 
At 31 May 2023
7,324 
Net book value
At 31 May 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
7,445 
20,750 
1,802 
29,997 
Additions
- 
- 
882 
882 
Disposals
- 
- 
(838)
(838)
At 31 May 2023
7,445 
20,750 
1,846 
30,041 
Depreciation
At 1 June 2022
3,745 
13,750 
782 
18,277 
Charge for the year
650 
400 
222 
1,272 
On disposals
- 
- 
(398)
(398)
At 31 May 2023
4,395 
14,150 
606 
19,151 
Net book value
At 31 May 2023
3,050 
6,600 
1,240 
10,890 
At 31 May 2022
3,700 
7,000 
1,020 
11,720 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
735 
- 
Trade debtors
589 
3,565 
1,324 
3,565 
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JW Electrical Staffordshire Limited Notes to the Accounts for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
6,293 
Trade creditors
157 
543 
Taxes and social security
1,879 
2,922 
Loans from directors
2,615 
16,796 
Accruals
500 
500 
5,151 
27,054 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,898 
2,018 
2023 
2022 
£ 
£ 
Provision at start of year
2,018 
2,192 
Credited to the profit and loss account
(120)
(174)
Provision at end of year
1,898 
2,018 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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