Company Registration No. 02448681 (England and Wales)
Sandford Electrical Services Limited
Unaudited accounts
for the year ended 31 March 2023
Sandford Electrical Services Limited
Unaudited accounts
Contents
Sandford Electrical Services Limited
Company Information
for the year ended 31 March 2023
Company Number
02448681 (England and Wales)
Registered Office
Brightwell Grange
Britwell Road Burnham
Slough
SL1 8DF
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Sandford Electrical Services Limited
Statement of financial position
as at 31 March 2023
Tangible assets
65,860
76,144
Cash at bank and in hand
563,582
322,978
Creditors: amounts falling due within one year
(424,135)
(237,027)
Net current assets
516,481
328,468
Total assets less current liabilities
582,341
404,612
Creditors: amounts falling due after more than one year
(5,831)
(28,534)
Provisions for liabilities
Net assets
563,217
376,078
Called up share capital
260
260
Profit and loss account
562,957
375,818
Shareholders' funds
563,217
376,078
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2023 and were signed on its behalf by
David Man
Director
Company Registration No. 02448681
Sandford Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2023
Sandford Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02448681. The registered office is Brightwell Grange, Britwell Road Burnham, Slough, SL1 8DF, United Kingdom.
2
Compliance with accounting standards
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
Sandford Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
197,849
12,250
97,979
3,942
312,020
Additions
-
-
2,825
6,804
9,629
At 31 March 2023
197,849
12,250
100,804
10,746
321,649
At 1 April 2022
148,101
11,858
74,818
1,099
235,876
Charge for the year
12,437
98
6,496
882
19,913
At 31 March 2023
160,538
11,956
81,314
1,981
255,789
At 31 March 2023
37,311
294
19,490
8,765
65,860
At 31 March 2022
49,748
392
23,161
2,843
76,144
Amounts falling due within one year
Trade debtors
308,425
156,879
Accrued income and prepayments
30,411
67,788
Other debtors
23,198
2,850
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
22,703
21,741
Trade creditors
301,837
79,521
Taxes and social security
57,840
14,015
Other creditors
31,196
60,940
Loans from directors
-
47,271
7
Creditors: amounts falling due after more than one year
2023
2022
Sandford Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
260 Ordinary shares of £1 each
260
260
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
-
23,198
-
23,198
The loan to the director was interest free and repaid within 9months of the year-end.
10
Transactions with related parties
During the year the director charged the company £30,000 (2022 - £30,000) for rent of the business premises.
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Average number of employees
During the year the average number of employees was 7 (2022: 7).