2676309falseelectrical contracting and the supply of electrical goods2022-10-012023-09-30http://www.companieshouse.gov.uk/2022-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-09-30http://www.companieshouse.gov.uk/cd:Director12022-10-012023-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-09-30http://www.companieshouse.gov.uk/cd:Director22022-10-012023-09-30http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2022-09-30http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2023-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-10-012023-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-10-012023-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-10-012023-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-09-30http://www.companieshouse.gov.uk/2022-10-012023-09-30http://www.companieshouse.gov.uk/2022-09-30http://www.companieshouse.gov.uk/cd:FRS1022022-10-012023-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-10-012023-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-10-012023-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 2676309

Terris Electrical and Co. Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Terris Electrical and Co. Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
DIRECTORS
P Pattinson
Mrs J K Pattinson
SECRETARY
Mrs J K Pattinson
REGISTERED OFFICE
6 Long Island Park
Lamplugh Street
Carlisle
Cumbria
CA2 5AS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 2676309
BANKERS
Barclays Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Terris Electrical and Co. Limited

ACCOUNTS
FOR THEYEARENDED30/09/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Terris Electrical and Co. Limited

BALANCE SHEET AT 30/09/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2-10,547
CURRENT ASSETS
Stock-10,569
Debtors416,82538,877
Cash at bank and in hand49,65931,228
66,48480,674
CREDITORS: Amounts falling due within one year525,94242,453
NET CURRENT ASSETS40,54238,221
TOTAL ASSETS LESS CURRENT LIABILITIES40,54248,768
CAPITAL AND RESERVES
Called up share capital7100100
Capital redemption reserve840,00040,000
Profit and loss account4428,668
SHAREHOLDERS' FUNDS40,54248,768
For the year ending 30/09/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/01/2023 and signed on their behalf by
.............................
Mrs J K Pattinson
Director

Terris Electrical and Co. Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures, Fittings and Office Equipmentreducing balance 25%
Motor Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Terris Electrical and Co. Limited

1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods and provision of services.
1g. Leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Plant andFixtures, FittingsMotor
Machineryand Office EquipmentVehiclesTotal
££££
Cost
At 01/10/20225,59519,17234,81659,583
Disposals(5,595)(19,172)(34,816)(59,583)
Depreciation
At 01/10/20223,98818,65126,39749,036
Disposals(4,390)(18,781)(28,502)(51,673)
For the year4021302,1052,637
Net Book Amounts
At 30/09/20221,6075218,41910,547
3. STOCK 20232022
££
Stock comprises:
Stock-3,500
Work in progress-7,069
-10,569

Terris Electrical and Co. Limited

4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors16,62737,626
VAT1981,251
16,82538,877
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax5,9399,872
Other tax and social security creditors807986
Directors current account15,58518,994
Trade creditors1,2119,601
Accruals2,4003,000
25,94242,453
6. EMPLOYEES
20232022
No.No.
Average number of employees35
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary B shares of £1 each100100
100100
8. OTHER RESERVES 20232022
££
Capital redemption reserve40,00040,000
40,00040,000

Terris Electrical and Co. Limited

9. RELATED PARTY TRANSACTIONS
Total salaries of £18,192 were paid to the directors during the year (2022 - £16,969).
Dividends of £23,000 were paid to the directors during the year (2022 - £40,000).
At the balance sheet date the company owed a total of £15,585 (2022 - £18,994) to the directors. The loan is unsecured, interest free and repayable on demand.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 02676309..
The company's registered office is 6 Long Island Park, Lamplugh Street, Carlisle, CA2 5AS.