Registered number
07714367
J M Electrical (Keighley) Limited
Filleted Accounts
31 July 2023
J M Electrical (Keighley) Limited
Registered number: 07714367
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,879 3,839
Current assets
Debtors 4 5,990 4,566
Cash at bank and in hand 6,994 6,515
12,984 11,081
Creditors: amounts falling due within one year 5 (7,687) (3,473)
Net current assets 5,297 7,608
Total assets less current liabilities 8,176 11,447
Creditors: amounts falling due after more than one year 6 - (10,000)
Net assets 8,176 1,447
Capital and reserves
Called up share capital 2 2
Profit and loss account 8,174 1,445
Shareholders' funds 8,176 1,447
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Meegan
Director
Approved by the board on 27 October 2023
J M Electrical (Keighley) Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 25% reducing balance
Motor vehicles 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 3,407 14,413 17,820
At 31 July 2023 3,407 14,413 17,820
Depreciation
At 1 August 2022 2,943 11,038 13,981
Charge for the year 116 844 960
At 31 July 2023 3,059 11,882 14,941
Net book value
At 31 July 2023 348 2,531 2,879
At 31 July 2022 464 3,375 3,839
4 Debtors 2023 2022
£ £
Other debtors 5,990 4,566
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 6,260 2,793
Other creditors 1,427 680
7,687 3,473
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 10,000
7 Other information
J M Electrical (Keighley) Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 The Ridings
Utley
Keighley
BD20 6DX
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