GJE Electrical Services Limited 06061014 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the provision of electrical contracting services. Digita Accounts Production Advanced 6.30.9574.0 true true 06061014 2022-04-01 2023-03-31 06061014 2023-03-31 06061014 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 06061014 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 06061014 core:CurrentFinancialInstruments 2023-03-31 06061014 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06061014 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06061014 core:FurnitureFittingsToolsEquipment 2023-03-31 06061014 core:MotorVehicles 2023-03-31 06061014 bus:SmallEntities 2022-04-01 2023-03-31 06061014 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06061014 bus:FullAccounts 2022-04-01 2023-03-31 06061014 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06061014 bus:RegisteredOffice 2022-04-01 2023-03-31 06061014 bus:Director1 2022-04-01 2023-03-31 06061014 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06061014 core:ComputerEquipment 2022-04-01 2023-03-31 06061014 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 06061014 core:MotorVehicles 2022-04-01 2023-03-31 06061014 countries:England 2022-04-01 2023-03-31 06061014 2022-03-31 06061014 core:FurnitureFittingsToolsEquipment 2022-03-31 06061014 core:MotorVehicles 2022-03-31 06061014 2021-04-01 2022-03-31 06061014 2022-03-31 06061014 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-03-31 06061014 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-03-31 06061014 core:CurrentFinancialInstruments 2022-03-31 06061014 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06061014 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 06061014 core:FurnitureFittingsToolsEquipment 2022-03-31 06061014 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 06061014

GJE Electrical Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

GJE Electrical Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

GJE Electrical Services Limited

(Registration number: 06061014)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

8,765

11,873

Current assets

 

Stocks

5

127

197

Debtors

6

19,384

48,997

Cash at bank and in hand

 

9,772

20,299

 

29,283

69,493

Creditors: Amounts falling due within one year

7

(31,201)

(48,340)

Net current (liabilities)/assets

 

(1,918)

21,153

Total assets less current liabilities

 

6,847

33,026

Creditors: Amounts falling due after more than one year

7

-

(10,725)

Provisions for liabilities

(1,665)

(2,256)

Net assets

 

5,182

20,045

Capital and reserves

 

Called up share capital

100

100

Retained earnings

5,082

19,945

Shareholders' funds

 

5,182

20,045

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

GJE Electrical Services Limited

(Registration number: 06061014)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 10 November 2023 and signed on its behalf by:
 

.........................................
Mr G J Emery
Director

 

GJE Electrical Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

GJE Electrical Services Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% on reducing balance

Computer and other equipment

25% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

GJE Electrical Services Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

1,947

27,042

28,989

At 31 March 2023

1,947

27,042

28,989

Depreciation

At 1 April 2022

1,482

15,634

17,116

Charge for the year

256

2,852

3,108

At 31 March 2023

1,738

18,486

20,224

Net book value

At 31 March 2023

209

8,556

8,765

At 31 March 2022

465

11,408

11,873

5

Stocks

2023
£

2022
£

Stock

127

197

6

Debtors

2023
£

2022
£

Trade debtors

19,249

48,862

Prepayments

135

135

19,384

48,997

 

GJE Electrical Services Limited

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

7

Creditors

Amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

10,725

4,157

Trade creditors

 

547

16,538

Taxation and social security

 

6,534

10,264

Other creditors

 

9,254

8,651

Corporation tax

 

4,141

8,730

 

31,201

48,340

Amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

-

10,725

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

-

10,725

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

10,725

4,157