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Company No: 08476153 (England and Wales)

D & R G ELECTRICAL SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2023
Pages for filing with the registrar

D & R G ELECTRICAL SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2023

Contents

D & R G ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2023
D & R G ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2023
DIRECTORS Mrs D Gardner
Mr R P Gardner
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 08476153 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
D & R G ELECTRICAL SERVICES LIMITED

BALANCE SHEET

As at 30 September 2023
D & R G ELECTRICAL SERVICES LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 40,498 44,031
Investments 4 2,500 2,500
42,998 46,531
Current assets
Debtors 5 1,607 1,490
Cash at bank and in hand 176,552 145,899
178,159 147,389
Creditors: amounts falling due within one year 6 ( 35,609) ( 16,392)
Net current assets 142,550 130,997
Total assets less current liabilities 185,548 177,528
Net assets 185,548 177,528
Capital and reserves
Called-up share capital 7 2,500 2,500
Profit and loss account 183,048 175,028
Total shareholders' funds 185,548 177,528

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D & R G Electrical Services Limited (registered number: 08476153) were approved and authorised for issue by the Board of Directors on 01 November 2023. They were signed on its behalf by:

Mr R P Gardner
Director
D & R G ELECTRICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
D & R G ELECTRICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D & R G Electrical Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, or reducing balance basis over its expected useful life, as follows:

Vehicles 20 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 October 2022 43,626 3,180 46,806
Additions 40,918 0 40,918
Disposals ( 43,177) 0 ( 43,177)
At 30 September 2023 41,367 3,180 44,547
Accumulated depreciation
At 01 October 2022 228 2,547 2,775
Charge for the financial year 726 548 1,274
At 30 September 2023 954 3,095 4,049
Net book value
At 30 September 2023 40,413 85 40,498
At 30 September 2022 43,398 633 44,031

4. Fixed asset investments

2023 2022
£ £
Other investments and loans 2,500 2,500

5. Debtors

2023 2022
£ £
Trade debtors 1,607 1,490

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 1,147 627
Accruals 2,925 2,725
Taxation and social security 31,537 13,040
35,609 16,392

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,500 Ordinary shares of £ 1.00 each 2,500 2,500