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REGISTERED NUMBER: 05870678 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Just Electrical Services Limited

Just Electrical Services Limited (Registered number: 05870678)

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


Just Electrical Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J Mitchell





REGISTERED OFFICE: Ruspers
80 Longdown Lane South
Epsom
Surrey
KT17 4JR





REGISTERED NUMBER: 05870678 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Just Electrical Services Limited (Registered number: 05870678)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 13,009 17,615

CURRENT ASSETS
Debtors 5 198,129 204,579
Cash at bank and in hand 491,034 467,855
689,163 672,434
CREDITORS
Amounts falling due within one year 6 (136,156 ) (162,445 )
NET CURRENT ASSETS 553,007 509,989
TOTAL ASSETS LESS CURRENT LIABILITIES 566,016 527,604

PROVISIONS FOR LIABILITIES (4,720 ) (3,347 )
NET ASSETS 561,296 524,257

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 561,291 524,252
SHAREHOLDERS' FUNDS 561,296 524,257

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 2 November 2023 and were signed by:




J Mitchell - Director


Just Electrical Services Limited (Registered number: 05870678)

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


1. STATUTORY INFORMATION

Just 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Motor vehicles - 25% on reducing balance
Office equipment - 33% straight line

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

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.

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.

Just Electrical Services Limited (Registered number: 05870678)

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 3 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 August 2022 28,540 4,755 33,295
Additions - 1,572 1,572
At 31 July 2023 28,540 6,327 34,867
DEPRECIATION
At 1 August 2022 10,925 4,755 15,680
Charge for year 5,872 306 6,178
At 31 July 2023 16,797 5,061 21,858
NET BOOK VALUE
At 31 July 2023 11,743 1,266 13,009
At 31 July 2022 17,615 - 17,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 77,766 191,732
Other debtors 118,000 9,970
Prepayments 2,363 2,877
198,129 204,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 36,612 30,430
Tax 69,789 68,934
Social security and other taxes 649 3,545
Pensions creditor 143 146
VAT 23,316 51,708
Other creditors 512 1,580
Directors' current accounts 256 870
Accrued expenses 4,879 5,232
136,156 162,445

7. RELATED PARTY DISCLOSURES

At the year end the company owed the director, Mr J Mitchell £256 (2022 - £870) in respect of his director's loan account.

The loan is interest free and repayable on demand.