Company registration number 04524498 (England and Wales)
FENISCOWLES ELECTRICAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
FENISCOWLES ELECTRICAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FENISCOWLES ELECTRICAL LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
671
891
Current assets
Stocks
600
600
Debtors
5
12,366
15,933
Cash at bank and in hand
69,112
62,436
82,078
78,969
Creditors: amounts falling due within one year
6
(49,809)
(47,841)
Net current assets
32,269
31,128
Total assets less current liabilities
32,940
32,019
Provisions for liabilities
(127)
(169)
Net assets
32,813
31,850
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
32,811
31,848
Total equity
32,813
31,850
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 October 2023 and are signed on its behalf by:
Mr D Dewhurst
Director
Company registration number 04524498 (England and Wales)
FENISCOWLES ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information
Feniscowles Electrical Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Feilden Place, Feniscowles, Blackburn, Lancashire, BB2 5EX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.true
1.3
Turnover
Turnover represents amounts receivable for electrical contracting services net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% Reducing Balance
Computer equipment
33% Straight Line
Motor vehicles
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
FENISCOWLES ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2022 and 30 September 2023
15,000
Amortisation and impairment
At 1 October 2022 and 30 September 2023
15,000
Carrying amount
At 30 September 2023
At 30 September 2022
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 and 30 September 2023
13,503
Depreciation and impairment
At 1 October 2022
12,611
Depreciation charged in the year
221
At 30 September 2023
12,832
Carrying amount
At 30 September 2023
671
At 30 September 2022
891
FENISCOWLES ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
11,495
15,091
Other debtors
871
842
12,366
15,933
Other debtors comprise prepayments £871 (2022 - £842).
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,239
1,611
Corporation tax
3,787
5,397
Other taxation and social security
1,995
2,362
Other creditors
42,788
38,471
49,809
47,841
Other creditors comprise Directors' current account £40,897 (2022: £36,475) and accruals £1,891 (2022 - £1,996).
7
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary A Share of £1
1
1
1 Ordinary B Share of £1
1
1
2
2