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Company Registration No. 6130257 (England and Wales)
Don Hughes Electrical Limited Unaudited accounts for the year ended 31 March 2023
Don Hughes Electrical Limited Unaudited accounts Contents
Page
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Don Hughes Electrical Limited Company Information for the year ended 31 March 2023
Directors
R A DeRosa M DeRosa
Company Number
6130257 (England and Wales)
Registered Office
40 Park Avenue Wrexham LL12 7AH Wales
Accountants
Bayliss Baines Limited 29 Chester Street Wrexham LL13 8BG
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Don Hughes Electrical Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Don Hughes Electrical Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Bayliss Baines Limited Chartered Certified Accountants 29 Chester Street Wrexham LL13 8BG 21 October 2023
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Don Hughes Electrical Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,165 
11,207 
Current assets
Inventories
1,500 
1,500 
Debtors
254,208 
171,240 
Cash at bank and in hand
236,967 
265,349 
492,675 
438,089 
Creditors: amounts falling due within one year
(240,877)
(223,558)
Net current assets
251,798 
214,531 
Total assets less current liabilities
284,963 
225,738 
Creditors: amounts falling due after more than one year
(13,053)
(18,633)
Provisions for liabilities
Deferred tax
(6,301)
(2,129)
Net assets
265,609 
204,976 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
29,500 
29,500 
Profit and loss account
236,009 
175,376 
Shareholders' funds
265,609 
204,976 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2023 and were signed on its behalf by
R A DeRosa Director Company Registration No. 6130257
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Don Hughes Electrical Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Don Hughes Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 6130257. The registered office is 40 Park Avenue, Wrexham, LL12 7AH, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Don Hughes Electrical Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
125,000 
At 31 March 2023
125,000 
Amortisation
At 1 April 2022
125,000 
At 31 March 2023
125,000 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
7,827 
44,720 
7,701 
60,248 
Additions
782 
21,574 
9,560 
31,916 
At 31 March 2023
8,609 
66,294 
17,261 
92,164 
Depreciation
At 1 April 2022
5,148 
39,623 
4,270 
49,041 
Charge for the year
692 
6,668 
2,598 
9,958 
At 31 March 2023
5,840 
46,291 
6,868 
58,999 
Net book value
At 31 March 2023
2,769 
20,003 
10,393 
33,165 
At 31 March 2022
2,679 
5,097 
3,431 
11,207 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
250,606 
166,557 
Accrued income and prepayments
3,602 
4,683 
254,208 
171,240 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,520 
5,359 
Trade creditors
47,277 
17,727 
Taxes and social security
97,913 
82,128 
Other creditors
5,991 
2,855 
Loans from directors
84,176 
115,489 
240,877 
223,558 
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Don Hughes Electrical Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,053 
18,633 
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
6,301 
2,129 
2023 
2022 
£ 
£ 
Provision at start of year
2,129 
2,426 
Charged/(credited) to the profit and loss account
4,172 
(297)
Provision at end of year
6,301 
2,129 
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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