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REGISTERED NUMBER: 03901927 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

WS ELECTRICAL (YORK) LIMITED

WS ELECTRICAL (YORK) LIMITED (REGISTERED NUMBER: 03901927)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WS ELECTRICAL (YORK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2023







DIRECTOR: Mr W D Scott





REGISTERED OFFICE: Unit 10
Escrick Business Park
Escrick
York
YO19 6FD





REGISTERED NUMBER: 03901927 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

WS ELECTRICAL (YORK) LIMITED (REGISTERED NUMBER: 03901927)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 223,212 234,773

CURRENT ASSETS
Stocks 5 - 478,439
Debtors 6 273,474 111,820
Cash at bank and in hand 386,950 230,151
660,424 820,410
CREDITORS
Amounts falling due within one year 7 171,058 143,978
NET CURRENT ASSETS 489,366 676,432
TOTAL ASSETS LESS CURRENT LIABILITIES 712,578 911,205

CREDITORS
Amounts falling due after more than
one year

8

(99,389

)

(118,830

)

PROVISIONS FOR LIABILITIES (5,248 ) (7,207 )
NET ASSETS 607,941 785,168

CAPITAL AND RESERVES
Called up share capital 215 215
Retained earnings 607,726 784,953
607,941 785,168

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.

WS ELECTRICAL (YORK) LIMITED (REGISTERED NUMBER: 03901927)

BALANCE SHEET - continued
31 January 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 27 October 2023 and were signed by:





Mr W D Scott - Director


WS ELECTRICAL (YORK) LIMITED (REGISTERED NUMBER: 03901927)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2023


1. STATUTORY INFORMATION

WS Electrical (York) 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

WS ELECTRICAL (YORK) LIMITED (REGISTERED NUMBER: 03901927)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2022 184,607 48,219 132,405 40,953 406,184
Additions - - 3,416 - 3,416
At 31 January 2023 184,607 48,219 135,821 40,953 409,600
DEPRECIATION
At 1 February 2022 - 43,432 116,053 11,926 171,411
Charge for year - 1,197 6,524 7,256 14,977
At 31 January 2023 - 44,629 122,577 19,182 186,388
NET BOOK VALUE
At 31 January 2023 184,607 3,590 13,244 21,771 223,212
At 31 January 2022 184,607 4,787 16,352 29,027 234,773

5. STOCKS
2023 2022
£    £   
Work-in-progress - 478,439

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,475 74,961
Other debtors 237,999 36,859
273,474 111,820

WS ELECTRICAL (YORK) LIMITED (REGISTERED NUMBER: 03901927)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,188 30,092
Trade creditors 120,894 67,930
Taxation and social security 1,074 32,564
Other creditors 22,902 13,392
171,058 143,978

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 99,389 118,830

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr W D Scott
Balance outstanding at start of year - 8
Amounts advanced 175,631 129,836
Amounts repaid (67,679 ) (129,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 107,952 -