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REGISTERED NUMBER: 10594539 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

O R Electrical Limited

O R Electrical Limited (Registered number: 10594539)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O R Electrical Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr W O Roberts
Mrs E A Roberts





REGISTERED OFFICE: Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 10594539 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

O R Electrical Limited (Registered number: 10594539)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,262 29,402

CURRENT ASSETS
Debtors 5 94,303 168,587

CREDITORS
Amounts falling due within one year 6 80,455 115,007
NET CURRENT ASSETS 13,848 53,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,110

82,982

CREDITORS
Amounts falling due after more than one
year

7

(112,400

)

(77,244

)

PROVISIONS FOR LIABILITIES (4,800 ) (5,586 )
NET (LIABILITIES)/ASSETS (78,090 ) 152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (78,190 ) 52
(78,090 ) 152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

O R Electrical Limited (Registered number: 10594539)

Balance Sheet - continued
28 February 2023


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 20 November 2023 and were signed on its behalf by:




Mr W O Roberts - Director



Mrs E A Roberts - Director


O R Electrical Limited (Registered number: 10594539)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

O R 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance

Fixed assets are stated at their cost prices less accumulated depreciation and less any amounts recognised in respect of any impairment.

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.

O R Electrical Limited (Registered number: 10594539)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 62,569
Additions 2,175
At 28 February 2023 64,744
DEPRECIATION
At 1 March 2022 33,167
Charge for year 6,315
At 28 February 2023 39,482
NET BOOK VALUE
At 28 February 2023 25,262
At 28 February 2022 29,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 51,718 117,195
Other debtors 42,585 51,392
94,303 168,587

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 22,923 9,122
Trade creditors 12,576 7,351
Taxation and social security 26,292 27,455
Other creditors 18,664 71,079
80,455 115,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 112,400 77,244

O R Electrical Limited (Registered number: 10594539)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

The directors loan accounts were in credit throughout the year and at the year-end had the following balances owing to each director as follows:

Mr W O Roberts - £8,664 (£34,806 PY)
Mrs E A Roberts - £8,664 (£34,806 PY)