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REGISTERED NUMBER: 07620068 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

James Moore Electrical Limited

James Moore Electrical Limited (Registered number: 07620068)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


James Moore Electrical Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs S L Moore
J R T Moore





REGISTERED OFFICE: Woodmill Farm
Cullompton
Devon
EX15 1RX





REGISTERED NUMBER: 07620068 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

James Moore Electrical Limited (Registered number: 07620068)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,216,142 837,248

CURRENT ASSETS
Stocks 55,000 50,000
Debtors 5 502,826 578,671
Cash at bank 235,109 161,578
792,935 790,249
CREDITORS
Amounts falling due within one year 6 721,358 747,735
NET CURRENT ASSETS 71,577 42,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,287,719

879,762

CREDITORS
Amounts falling due after more than one
year

7

(627,758

)

(545,683

)

PROVISIONS FOR LIABILITIES (272,427 ) (142,738 )
NET ASSETS 387,534 191,341

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 387,434 191,241
387,534 191,341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





J R T Moore - Director


James Moore Electrical Limited (Registered number: 07620068)

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

1. STATUTORY INFORMATION

James Moore Electrical Limited 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

James Moore Electrical Limited (Registered number: 07620068)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 81,811 351,941 2,419 830,107 1,266,278
Additions 39,259 36,219 6,013 450,588 532,079
At 31 May 2023 121,070 388,160 8,432 1,280,695 1,798,357
DEPRECIATION
At 1 June 2022 - 214,896 1,282 212,852 429,030
Charge for year - 42,471 1,091 109,623 153,185
At 31 May 2023 - 257,367 2,373 322,475 582,215
NET BOOK VALUE
At 31 May 2023 121,070 130,793 6,059 958,220 1,216,142
At 31 May 2022 81,811 137,045 1,137 617,255 837,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 498,467 528,634
Accruals - 46,407
Prepayments 4,359 3,630
502,826 578,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 235,903 190,016
Trade creditors 314,983 356,697
Social security and other taxes 16,866 26,512
VAT 71,425 91,350
Credit card 25,581 20,738
Directors' current accounts 51,690 57,747
Accrued expenses 4,910 4,675
721,358 747,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 31,192 40,833
Hire purchase contracts 596,566 504,850
627,758 545,683

James Moore Electrical Limited (Registered number: 07620068)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
J R T Moore and Mrs S L Moore
Balance outstanding at start of year 57,747 56,462
Amounts advanced 1,056 21,265
Amounts repaid (7,113 ) (19,980 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,690 57,747