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REGISTERED NUMBER: 06882247 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

Admi Electrical Ltd

Admi Electrical Ltd (Registered number: 06882247)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Admi Electrical Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: A McWilliams
D Irish





REGISTERED OFFICE: Brookville
Littlewick Road
Horsell
Surrey
GU21 4XR





REGISTERED NUMBER: 06882247 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

Admi Electrical Ltd (Registered number: 06882247)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,340 8,975

CURRENT ASSETS
Stocks 2,250 1,500
Debtors 5 69,319 37,096
Cash at bank 66,753 166,657
138,322 205,253
CREDITORS
Amounts falling due within one year 6 88,808 142,640
NET CURRENT ASSETS 49,514 62,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,854

71,588

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,754 71,488
SHAREHOLDERS' FUNDS 57,854 71,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Admi Electrical Ltd (Registered number: 06882247)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:




D Irish - Director



A McWilliams - Director


Admi Electrical Ltd (Registered number: 06882247)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Admi Electrical 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 - 25% on cost and 20% on reducing balance
Computer equipment - 33% on cost

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

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.

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 10 (2022 - 9 ) .

Admi Electrical Ltd (Registered number: 06882247)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 22,954 2,909 25,863
Additions 226 1,666 1,892
Disposals (1,070 ) (1,285 ) (2,355 )
At 30 April 2023 22,110 3,290 25,400
DEPRECIATION
At 1 May 2022 14,359 2,529 16,888
Charge for year 1,791 736 2,527
Eliminated on disposal (1,070 ) (1,285 ) (2,355 )
At 30 April 2023 15,080 1,980 17,060
NET BOOK VALUE
At 30 April 2023 7,030 1,310 8,340
At 30 April 2022 8,595 380 8,975

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 52,428 23,029
Other debtors 16,891 14,067
69,319 37,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 35,644 38,211
Taxation and social security 27,618 39,428
Other creditors 25,546 65,001
88,808 142,640

7. RELATED PARTY DISCLOSURES

Dividends are paid to the directors, Mr A McWilliams and Mr D Irish, by virtue of their shareholding in the company.

8. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr A McWilliams and Mr D Irish.