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REGISTERED NUMBER: 09152302 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

UNDERGROUND ELECTRICAL SERVICES LIMITED

UNDERGROUND ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09152302)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UNDERGROUND ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: D Waugh





SECRETARY:





REGISTERED OFFICE: Unit 14
Chells Industrial Estate, The Glebe
Chells Way
Stevenage
Hertfordshire
SG2 0LQ





REGISTERED NUMBER: 09152302 (England and Wales)





ACCOUNTANTS: Elmes & English
Chartered Accountants
Elm House
75a Walkern Road
Stevenage
Hertfordshire
SG1 3RB

UNDERGROUND ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09152302)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,300 -

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 301,662 455,590
Investments 6 1,400 1,700
Cash at bank 267,587 424,438
580,649 891,728
CREDITORS
Amounts falling due within one year 7 123,160 212,832
NET CURRENT ASSETS 457,489 678,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,789

678,896

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 549,689 678,796
549,789 678,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

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 director and authorised for issue on 26 September 2023 and were signed by:




D Waugh - Director


UNDERGROUND ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09152302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Underground Electrical Services Limited 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 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.

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

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

UNDERGROUND ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09152302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 - 28,054 28,054
Additions 92,300 - 92,300
At 31 July 2023 92,300 28,054 120,354
DEPRECIATION
At 1 August 2022
and 31 July 2023 - 28,054 28,054
NET BOOK VALUE
At 31 July 2023 92,300 - 92,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,478 174,444
Other debtors 245,184 281,146
301,662 455,590

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 1,400 1,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,167 39,167
Trade creditors 11,612 18,334
Taxation and social security 80,751 153,924
Other creditors 1,630 1,407
123,160 212,832

UNDERGROUND ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 09152302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
D Waugh
Balance outstanding at start of year - 599,117
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -