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REGISTERED NUMBER: 13264856 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

WAD Electrical Ltd

WAD Electrical Ltd (Registered number: 13264856)






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


WAD Electrical Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: W A Draper
Mrs S Draper





REGISTERED OFFICE: 40 Heol y Deri
Aberdare
RCT
CF44 0BP





REGISTERED NUMBER: 13264856 (England and Wales)





ACCOUNTANTS: C Hergest Ltd
AAT Licensed Accountant
28 High Street
Aberdare
RCT
CF44 7AA

WAD Electrical Ltd (Registered number: 13264856)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 136 153
Tangible assets 5 482 632
618 785

CURRENT ASSETS
Cash at bank and in hand 9,799 21,017

CREDITORS
Amounts falling due within one year 6 13,644 14,507
NET CURRENT (LIABILITIES)/ASSETS (3,845 ) 6,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,227

)

7,295

CAPITAL AND RESERVES
Called up share capital 7 100 1
Retained earnings 8 (3,327 ) 7,294
SHAREHOLDERS' FUNDS (3,227 ) 7,295

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 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 6 October 2023 and were signed on its behalf by:





W A Draper - Director


WAD Electrical Ltd (Registered number: 13264856)

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

1. STATUTORY INFORMATION

WAD 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost
Computer equipment - 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022
and 31 March 2023 170
AMORTISATION
At 1 April 2022 17
Amortisation for year 17
At 31 March 2023 34
NET BOOK VALUE
At 31 March 2023 136
At 31 March 2022 153

WAD Electrical Ltd (Registered number: 13264856)

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 250 498 748
DEPRECIATION
At 1 April 2022 50 66 116
Charge for year 50 100 150
At 31 March 2023 100 166 266
NET BOOK VALUE
At 31 March 2023 150 332 482
At 31 March 2022 200 432 632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax - 1,946
Directors' current accounts 12,524 11,481
Accrued expenses 1,120 1,080
13,644 14,507

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary 1 100 1

99 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.

8. RESERVES
Retained
earnings
£   

At 1 April 2022 7,294
Deficit for the year (10,621 )
At 31 March 2023 (3,327 )