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Registration number: 14018313

4G1B Electrical Services Limited

Unaudited Financial Statements

for the Period from 1 April 2022 to 30 April 2023

 

4G1B Electrical Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

4G1B Electrical Services Limited

Company Information

Directors

Mr J S Partridge

Mrs Z J Partridge

Registered office

69 Blackburn Way
West Wick
Weston-super-Mare
North Somerset
BS24 7GT

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

4G1B Electrical Services Limited

(Registration number: 14018313)
Balance Sheet as at 30 April 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

783

Current assets

 

Debtors

5

12,939

Cash at bank and in hand

 

6,843

 

19,782

Creditors: Amounts falling due within one year

6

(11,803)

Net current assets

 

7,979

Total assets less current liabilities

 

8,762

Provisions for liabilities

(191)

Net assets

 

8,571

Capital and reserves

 

Called up share capital

7

100

Retained earnings

8,471

Shareholders' funds

 

8,571

For the financial period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

4G1B Electrical Services Limited

(Registration number: 14018313)
Balance Sheet as at 30 April 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 November 2023 and signed on its behalf by:
 

.........................................
Mr J S Partridge
Director

 

4G1B Electrical Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
69 Blackburn Way
West Wick
Weston-super-Mare
North Somerset
BS24 7GT

These financial statements were authorised for issue by the Board on 30 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

 

4G1B Electrical Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

4G1B Electrical Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Furniture and fittings

25% reducing balance

Office equipment

3 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

4G1B Electrical Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

Additions

452

643

1,095

At 30 April 2023

452

643

1,095

Depreciation

Charge for the period

151

161

312

At 30 April 2023

151

161

312

Carrying amount

At 30 April 2023

301

482

783

 

4G1B Electrical Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 April 2023

5

Debtors

Current

2023
£

Trade debtors

4,686

Prepayments

334

Other debtors

7,919

 

12,939

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

121

Taxation and social security

11,554

Other creditors

128

11,803

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary class A of £1 each

50

50

Ordinary class B of £1 each

50

50

 

100

100

During the year the company issued 50 A and 50 B shares at par value.