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REGISTERED NUMBER: 04722562 (England and Wales)















A C ELECTRICAL & HOME IMPROVEMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






A C ELECTRICAL & HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 04722562)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


A C ELECTRICAL & HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 04722562)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,222 999

CURRENT ASSETS
Stocks - 300
Debtors 5 592 1,010
Cash at bank 68,144 48,098
68,736 49,408
CREDITORS
Amounts falling due within one year 6 16,372 7,528
NET CURRENT ASSETS 52,364 41,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,586

42,879

CREDITORS
Amounts falling due after more than one
year

7

52,000

52,000
NET ASSETS/(LIABILITIES) 1,586 (9,121 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,584 (9,123 )
SHAREHOLDERS' FUNDS 1,586 (9,121 )

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

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

A C ELECTRICAL & HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 04722562)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 16 August 2023 and were signed by:





N R Clapton - Director


A C ELECTRICAL & HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 04722562)

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

1. STATUTORY INFORMATION

A C Electrical & Home Improvements Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04722562

Registered office: 27 Green Close
Mayals
Swansea
West Glamorgan
SA3 5DN

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 gross invoiced sales/services provided in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

Taxation
Taxation for the period comprises current tax. Tax is recognised in the accounts, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

A C ELECTRICAL & HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 04722562)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 6,453 7,350 2,138 15,941
Additions 797 - - 797
Disposals (437 ) (7,350 ) - (7,787 )
At 31 March 2023 6,813 - 2,138 8,951
DEPRECIATION
At 1 April 2022 5,514 7,350 2,078 14,942
Charge for year 544 - 30 574
Eliminated on disposal (437 ) (7,350 ) - (7,787 )
At 31 March 2023 5,621 - 2,108 7,729
NET BOOK VALUE
At 31 March 2023 1,192 - 30 1,222
At 31 March 2022 939 - 60 999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
CIS tax recoverable 592 592
Prepayments - 418
592 1,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,744
Directors' current accounts 16,061 4,572
Accrued expenses 311 212
16,372 7,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' loan accounts 52,000 52,000

8. RELATED PARTY DISCLOSURES

The director charged the company rent for the use of the registered office premises, this being shown in the profit and loss account.
The director was owed money from the company at the year end amounting to £68,061 [2022 £56,572), this being included in creditors payable in under one year £16,061 [2022 £4,572) and creditors payable in over one year of £52,000 [2022 £52,000]
The company is under the control of the director who owns 100% of the issued share capital.