Registered number
06054032
JS Electrical Controls / Installations Limited
Filleted Accounts
31 March 2023
JS Electrical Controls / Installations Limited
Registered number: 06054032
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,908 31,738
Current assets
Debtors 4 - 36,632
Cash at bank and in hand 228,748 113,985
228,748 150,617
Creditors: amounts falling due within one year 5 (174,487) (104,989)
Net current assets 54,261 45,628
Total assets less current liabilities 78,169 77,366
Creditors: amounts falling due after more than one year 6 (38,343) (54,310)
Net assets 39,826 23,056
Capital and reserves
Called up share capital 2 2
Profit and loss account 39,824 23,054
Shareholders' funds 39,826 23,056
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Poerio
Director
Approved by the board on 22 November 2023
JS Electrical Controls / Installations Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 7,468 70,250 77,718
Additions 1,132 - 1,132
Disposals - (17,750) (17,750)
At 31 March 2023 8,600 52,500 61,100
Depreciation
At 1 April 2022 4,264 41,716 45,980
Charge for the year 650 2,696 3,346
On disposals - (12,134) (12,134)
At 31 March 2023 4,914 32,278 37,192
Net book value
At 31 March 2023 3,686 20,222 23,908
At 31 March 2022 3,204 28,534 31,738
4 Debtors 2023 2022
£ £
Trade debtors - 22,419
Other debtors - 14,213
- 36,632
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 4,977 4,977
Trade creditors 12,260 9,254
Directors Loan Account 128,435 72,698
Taxation and social security costs 26,915 16,260
Other creditors 1,900 1,800
174,487 104,989
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,590 44,580
Obligations under finance lease and hire purchase contracts 4,753 9,730
38,343 54,310
7 Other information
JS Electrical Controls / Installations Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Sycamore Court
Pontefract
West Yorkshire
WF8 2WG
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