2022-11-012023-10-312023-10-31false12945373S.Y ELECTRICAL AND CONSTRUCTION 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S.Y ELECTRICAL AND CONSTRUCTION LIMITED

Registered Number
12945373
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

S.Y ELECTRICAL AND CONSTRUCTION LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Director

YILDIRIM, Suleyman

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

12945373 (England and Wales)
S.Y ELECTRICAL AND CONSTRUCTION LIMITED
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets53,4714,499
3,4714,499
Current assets
Debtors9,012-
Cash at bank and on hand22013,563
9,23213,563
Creditors amounts falling due within one year(1,631)(2,807)
Net current assets (liabilities)7,60110,756
Total assets less current liabilities11,07215,255
Creditors amounts falling due after one year(3,211)(10,937)
Net assets7,8614,318
Capital and reserves
Called up share capital11
Profit and loss account7,8604,317
Shareholders' funds7,8614,318
The financial statements were approved and authorised for issue by the Director on 31 January 2024, and are signed on its behalf by:
YILDIRIM, Suleyman
Director
Registered Company No. 12945373
S.Y ELECTRICAL AND CONSTRUCTION LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 November 225,872
Additions99
At 31 October 235,971
Depreciation and impairment
At 01 November 221,373
Charge for year1,127
At 31 October 232,500
Net book value
At 31 October 233,471
At 31 October 224,499