Company Registration No. 11816375 (England and Wales)
AJW ELECTRICAL SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
AJW ELECTRICAL SERVICES LIMITED
COMPANY INFORMATION
Director
A J Wadey
Company number
11816375
Registered office
21 Kingsacre
Braunton
EX33 1BN
AJW ELECTRICAL SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AJW ELECTRICAL SERVICES LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,307
3,076
Current assets
Debtors
3
1,216
1,289
Cash at bank and in hand
21,114
12,280
22,330
13,569
Creditors: amounts falling due within one year
4
(4,588)
(6,004)
Net current assets
17,742
7,565
Total assets less current liabilities
20,049
10,641
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
19,949
10,541
Total equity
20,049
10,641

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director and authorised for issue on 13 November 2023
A J Wadey
Director
Company Registration No. 11816375
AJW ELECTRICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

AJW Electrical Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 21 Kingsacre, Braunton, EX33 1BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

AJW ELECTRICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 and 28 February 2023
7,294
Depreciation and impairment
At 1 March 2022
4,218
Depreciation charged in the year
769
At 28 February 2023
4,987
Carrying amount
At 28 February 2023
2,307
At 28 February 2022
3,076
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,216
1,289
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
173
715
Corporation tax
3,695
2,583
Other creditors
720
2,706
4,588
6,004
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100
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