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REGISTERED NUMBER: 13206831 (England and Wales)










Anglesey Solar & Electrical Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023






Anglesey Solar & Electrical Ltd (Registered number: 13206831)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Anglesey Solar & Electrical Ltd

Company Information
for the year ended 31 March 2023







DIRECTOR: Mr G D Griffiths





SECRETARY: Mrs D Griffiths





REGISTERED OFFICE: Unit 6a Tregarnedd Industrial Park
Llangefni
Anglesey
LL77 7JD





REGISTERED NUMBER: 13206831 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Anglesey Solar & Electrical Ltd (Registered number: 13206831)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 9,000
Tangible assets 5 27,321 13,590
35,321 22,590

CURRENT ASSETS
Stocks 67,182 83,980
Debtors 6 203,992 51,247
Cash at bank 162,618 104,649
433,792 239,876
CREDITORS
Amounts falling due within one year 7 292,695 137,478
NET CURRENT ASSETS 141,097 102,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,418

124,988

PROVISIONS FOR LIABILITIES - 411
NET ASSETS 176,418 124,577

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 176,417 124,576
176,418 124,577

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.

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 20 November 2023 and were signed by:



Mr G D Griffiths - Director


Anglesey Solar & Electrical Ltd (Registered number: 13206831)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Anglesey Solar & 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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.

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.

Anglesey Solar & Electrical Ltd (Registered number: 13206831)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022 1,000
Charge for year 1,000
At 31 March 2023 2,000
NET BOOK VALUE
At 31 March 2023 8,000
At 31 March 2022 9,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 18,120
Additions 20,720
At 31 March 2023 38,840
DEPRECIATION
At 1 April 2022 4,530
Charge for year 6,989
At 31 March 2023 11,519
NET BOOK VALUE
At 31 March 2023 27,321
At 31 March 2022 13,590

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,819 46,240
Amounts recoverable on contract 1,935 1,000
Other debtors 62,238 4,007
203,992 51,247

Anglesey Solar & Electrical Ltd (Registered number: 13206831)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 243,843 84,313
Taxation and social security 19,281 34,788
Other creditors 29,571 18,377
292,695 137,478

8. RELATED PARTY DISCLOSURES

The Company acquired the trade of the director on 1 April 2021 for a sum of £1 and £10,000 goodwill.