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Tim Hart Electrical Limited
Registered Number:10712665
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2023
Tim Hart Electrical Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10712665
As at 30 April 2023
Tim Hart Electrical Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
20,553
16,914
2
20,553
16,914
Current assets
Trade and other receivables
6,444
4,690
3
37,923
Cash and cash equivalents
11,958
16,648
44,367
Trade and other payables: amounts falling due within one
year
(20,341)
(10,642)
4
24,026
6,006
Net current assets
Total assets less current liabilities
26,559
40,940
Trade and other payables: amounts falling due after more
than one year
(26,094)
(24,102)
5
(3,902)
(3,214)
Provisions for liabilities
(1,445)
Net assets/liabilities
11,632
Capital and reserves
Called up share capital
1
1
Retained earnings
(1,446)
11,631
(1,445)
11,632
Shareholders' funds
For the year ended 30 April 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Timothy Hart Director
These financial statements were approved and authorised for issue by the Board on 28 November 2023 and were signed by:
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4
Registered Number :
10712665
For the year ended 30 April 2023
Tim Hart Electrical Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 April 2023
Tim Hart Electrical Limited
Notes to the Financial Statements
Statutory Information
Tim Hart Electrical Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10712665.
Registered address:
102 Hassall Road
Sandbach
Cheshire
England
CW11 4HN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Motor Vehicles
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.
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6
For the year ended 30 April 2023
Tim Hart Electrical Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 May 2022
21,365
20,998
367
27,090
27,090
-
Additions
(20,998)
-
Disposals
(20,998)
At 30 April 2023
367
27,090
27,457
Provision for depreciation and impairment
At 01 May 2022
4,451
4,375
76
Charge for year
6,828
6,773
55
(4,375)
(4,375)
-
On disposal
At 30 April 2023
6,904
6,773
131
At 30 April 2023
Net book value
236
20,317
20,553
At 30 April 2022
291
16,623
16,914
3. Trade and other receivables
2022
2023
£
£
Trade debtors
3,780
5,576
Other debtors
910
868
6,444
4,690
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,000
4,000
Trade creditors
416
-
Taxation and social security
467
11,518
Other creditors
5,759
4,823
10,642
20,341
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7
For the year ended 30 April 2023
Tim Hart Electrical Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
10,333
14,333
Other creditors
13,769
11,761
24,102
26,094
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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