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REGISTERED NUMBER: 07318587 (England and Wales)









Financial Statements

for the Year Ended 31 July 2023

for

Naylor's Electrical Services Ltd

Naylor's Electrical Services Ltd (Registered number: 07318587)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Naylor's Electrical Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A Naylor





REGISTERED OFFICE: 5 Ashwood Grove
Horbury
Wakefield
WF4 5HY





REGISTERED NUMBER: 07318587 (England and Wales)





ACCOUNTANTS: Jacksons Chartered Accountants
Ashton House
19 Prospect Road
Ossett
West Yorkshire
WF5 8AE

Naylor's Electrical Services Ltd (Registered number: 07318587)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,791 8,471

CURRENT ASSETS
Stocks 18,000 10,000
Debtors 5 126,062 227,195
Cash at bank 52,792 18,273
196,854 255,468
CREDITORS
Amounts falling due within one year 6 90,715 157,459
NET CURRENT ASSETS 106,139 98,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,930

106,480

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 125,929 106,479
SHAREHOLDERS' FUNDS 125,930 106,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 13 November 2023 and were signed by:





A Naylor - Director


Naylor's Electrical Services Ltd (Registered number: 07318587)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Naylor's Electrical Services 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 etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Naylor's Electrical Services Ltd (Registered number: 07318587)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 30,886
Additions 23,584
Disposals (13,500 )
At 31 July 2023 40,970
DEPRECIATION
At 1 August 2022 22,415
Charge for year 6,569
Eliminated on disposal (7,805 )
At 31 July 2023 21,179
NET BOOK VALUE
At 31 July 2023 19,791
At 31 July 2022 8,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 124,505 225,947
Other debtors 1,557 1,248
126,062 227,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 51,992 108,537
Taxation and social security 16,758 17,070
Other creditors 21,965 31,852
90,715 157,459

7. ULTIMATE CONTROLLING PARTY

The controlling party is A Naylor.