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REGISTERED NUMBER: 07197168 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Henwood Electrical Services Limited

Henwood Electrical Services Limited (Registered number: 07197168)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Henwood Electrical Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: PWJ HENWOOD





SECRETARY: Mrs TJ HENWOOD





REGISTERED OFFICE: Unit 1
Athill Barn
Egloskerry
Launceston
Cornwall
PL158SP





REGISTERED NUMBER: 07197168 (England and Wales)






Henwood Electrical Services Limited (Registered number: 07197168)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,857 15,226

CURRENT ASSETS
Stocks 83,136 42,544
Debtors 5 54,969 47,614
Cash at bank 103,446 116,393
241,551 206,551
CREDITORS
Amounts falling due within one year 6 191,474 170,375
NET CURRENT ASSETS 50,077 36,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,934

51,402

CREDITORS
Amounts falling due after more than
one year

7

(51,175

)

(29,167

)

PROVISIONS FOR LIABILITIES (11,204 ) (2,744 )
NET ASSETS 55,555 19,491

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 55,553 19,489
55,555 19,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Henwood Electrical Services Limited (Registered number: 07197168)

Balance Sheet - continued
31 March 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 10 November 2023 and were signed by:





PWJ HENWOOD - Director


Henwood Electrical Services Limited (Registered number: 07197168)

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

1. STATUTORY INFORMATION

Henwood 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.

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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Henwood Electrical Services Limited (Registered number: 07197168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 52,627
Additions 60,842
Disposals (2,151 )
At 31 March 2023 111,318
DEPRECIATION
At 1 April 2022 37,401
Charge for year 8,143
Eliminated on disposal (2,083 )
At 31 March 2023 43,461
NET BOOK VALUE
At 31 March 2023 67,857
At 31 March 2022 15,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 41,860 47,201
Other debtors 13,109 413
54,969 47,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 108,350 30,311
Taxation and social security 10,992 35,246
Other creditors 72,132 104,818
191,474 170,375

Henwood Electrical Services Limited (Registered number: 07197168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 51,175 29,167