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REGISTERED NUMBER: 03592223 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SHORTS ELECTRICAL CONTRACTORS LIMITED

SHORTS ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03592223)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHORTS ELECTRICAL CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P L Short
Mrs S A Short





SECRETARY: Mrs S A Short





REGISTERED OFFICE: Greentrees
Wootton Road
Tiptoe
Lymington
Hampshite
SO41 6FT





REGISTERED NUMBER: 03592223 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

SHORTS ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03592223)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 868 1,402

CURRENT ASSETS
Stocks 2,000 5,000
Debtors 5 16,414 89,622
Cash at bank 45,059 11,783
63,473 106,405
CREDITORS
Amounts falling due within one year 6 56,231 88,267
NET CURRENT ASSETS 7,242 18,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,110

19,540

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 8,107 19,537
SHAREHOLDERS' FUNDS 8,110 19,540

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.

SHORTS ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03592223)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2023 and were signed on its behalf by:





P L Short - Director


SHORTS ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03592223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Shorts Electrical Contractors 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 represents net invoiced sales of goods and services, excluding value added tax. In the case of sales of goods, revenue is recognised when the risks and rewards of ownership have been transferred to the customer. In the case of sales of services, revenue is recognised when the service has been completed and the company has a right to the income.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

SHORTS ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 03592223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 18,846
DEPRECIATION
At 1 April 2022 17,444
Charge for year 534
At 31 March 2023 17,978
NET BOOK VALUE
At 31 March 2023 868
At 31 March 2022 1,402

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,162 87,613
Other debtors 1,252 2,009
16,414 89,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,278 15,518
Taxation and social security 16,466 28,033
Other creditors 23,487 44,716
56,231 88,267