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REGISTERED NUMBER: 07821834 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DEXTA ELECTRICAL LTD

DEXTA ELECTRICAL LTD (REGISTERED NUMBER: 07821834)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEXTA ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: K Mills





REGISTERED OFFICE: Unit 8 School Farm Buildings
School Road
Langham
Colchester
Essex
CO4 5PB





REGISTERED NUMBER: 07821834 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

DEXTA ELECTRICAL LTD (REGISTERED NUMBER: 07821834)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,552 46,067

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 403,001 235,639
Cash at bank 2,276 32,525
415,277 278,164
CREDITORS
Amounts falling due within one year 6 287,684 171,940
NET CURRENT ASSETS 127,593 106,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,145

152,291

PROVISIONS FOR LIABILITIES 8,640 8,750
NET ASSETS 153,505 143,541

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 153,405 143,441
SHAREHOLDERS' FUNDS 153,505 143,541

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.

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 3 October 2023 and were signed by:



K Mills - Director


DEXTA ELECTRICAL LTD (REGISTERED NUMBER: 07821834)

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

1. STATUTORY INFORMATION

Dexta Electrical Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

DEXTA ELECTRICAL LTD (REGISTERED NUMBER: 07821834)

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

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 22,389 79,017 5,211 106,617
DEPRECIATION
At 1 April 2022 12,910 43,706 3,934 60,550
Charge for year 2,370 8,825 320 11,515
At 31 March 2023 15,280 52,531 4,254 72,065
NET BOOK VALUE
At 31 March 2023 7,109 26,486 957 34,552
At 31 March 2022 9,479 35,311 1,277 46,067

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 79,017
DEPRECIATION
At 1 April 2022 43,706
Charge for year 8,825
At 31 March 2023 52,531
NET BOOK VALUE
At 31 March 2023 26,486
At 31 March 2022 35,311

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 318,271 171,782
Prepayments 84,730 63,857
403,001 235,639

DEXTA ELECTRICAL LTD (REGISTERED NUMBER: 07821834)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,338 6,701
Trade creditors 174,604 102,144
Corporation tax 15,825 1,100
Social security and other taxes 82,515 58,192
Directors' current accounts 7,665 653
Accrued expenses 3,737 3,150
287,684 171,940

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 3,338 6,701

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 143,441
Profit for the year 31,964
Dividends (22,000 )
At 31 March 2023 153,405

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,000 (2022 - £21,000) were paid to the director .