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REGISTERED NUMBER: 10029945 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

On-X Electrical Installation &
Maintenance Ltd

On-X Electrical Installation &
Maintenance Ltd (Registered number: 10029945)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


On-X Electrical Installation &
Maintenance Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr D Findlay





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
ME15 6JD





REGISTERED NUMBER: 10029945 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

On-X Electrical Installation &
Maintenance Ltd (Registered number: 10029945)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,683 28,599

CURRENT ASSETS
Debtors 5 63,000 27,340
Cash at bank - 9,691
63,000 37,031
CREDITORS
Amounts falling due within one year 6 54,136 50,083
NET CURRENT ASSETS/(LIABILITIES) 8,864 (13,052 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,547

15,547

CREDITORS
Amounts falling due after more than one year 7 30,447 9,660
NET ASSETS 100 5,887

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 5,787
100 5,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Mr D Findlay - Director


On-X Electrical Installation &
Maintenance Ltd (Registered number: 10029945)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

On-X Electrical Installation & Maintenance 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.
Plant and machinery - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 480 42,310 2,456 45,246
Additions - - 374 374
At 28 February 2023 480 42,310 2,830 45,620
DEPRECIATION
At 1 March 2022 386 15,205 1,056 16,647
Charge for year 31 6,776 483 7,290
At 28 February 2023 417 21,981 1,539 23,937
NET BOOK VALUE
At 28 February 2023 63 20,329 1,291 21,683
At 28 February 2022 94 27,105 1,400 28,599

On-X Electrical Installation &
Maintenance Ltd (Registered number: 10029945)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 25,638 22,459
Other debtors 37,362 4,881
63,000 27,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 15,010 34,042
Trade creditors 14,268 5,100
Taxation and social security 13,935 4,537
Other creditors 10,923 6,404
54,136 50,083

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 30,447 9,660

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £13,291.