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REGISTERED NUMBER: 08364479 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Demac Electrical Services Limited

Demac Electrical Services Limited (Registered number: 08364479)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Demac Electrical Services Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: D R McCullagh





SECRETARY:





REGISTERED OFFICE: 184 Long Lane
Dalton
Huddersfield
West Yorkshire
HD5 9SF





REGISTERED NUMBER: 08364479 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Demac Electrical Services Limited (Registered number: 08364479)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,278 23,248

CURRENT ASSETS
Debtors 5 30,046 33,145
Cash at bank and in hand 80,396 22,982
110,442 56,127
CREDITORS
Amounts falling due within one year 6 65,843 46,673
NET CURRENT ASSETS 44,599 9,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,877

32,702

PROVISIONS FOR LIABILITIES 7 8,413 4,417
NET ASSETS 80,464 28,285

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,364 28,185
SHAREHOLDERS' FUNDS 80,464 28,285

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 27 October 2023 and were signed by:





D R McCullagh - Director


Demac Electrical Services Limited (Registered number: 08364479)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Demac 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 reducing balance
Fixtures and fittings - 20% on reducing balance
Motor Vehicle - 25% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Demac Electrical Services Limited (Registered number: 08364479)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings Vehicle equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 881 194 37,882 3,682 42,639
Additions - - 28,000 - 28,000
At 31 January 2023 881 194 65,882 3,682 70,639
DEPRECIATION
At 1 February 2022 761 162 15,494 2,974 19,391
Charge for year 24 6 6,763 177 6,970
At 31 January 2023 785 168 22,257 3,151 26,361
NET BOOK VALUE
At 31 January 2023 96 26 43,625 531 44,278
At 31 January 2022 120 32 22,388 708 23,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 20,470 22,136
Tax 8,347 8,347
VAT 644 2,077
Prepayments 585 585
30,046 33,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Tax 25,573 8,067
Directors' loan accounts 39,770 38,106
Accrued expenses 500 500
65,843 46,673

7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 8,413 4,417

Demac Electrical Services Limited (Registered number: 08364479)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 4,417
Deferred Tax 3,996
Balance at 31 January 2023 8,413

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.