WOLF ELECTRICAL INSTALLATIONS LIMITED

Company Registration Number:
03201643 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

WOLF ELECTRICAL INSTALLATIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Additional notes
Balance sheet notes

WOLF ELECTRICAL INSTALLATIONS LIMITED

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 4,400 4,400
Tangible assets: 4 20,483 26,608
Investments:   0 0
Total fixed assets: 24,883 31,008
Current assets
Stocks: 5 5,672 17,000
Debtors: 6 51,551 60,559
Cash at bank and in hand: 52,124 88,138
Investments:   0 0
Total current assets: 109,347 165,697
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 23,772 ) ( 23,669 )
Net current assets (liabilities): 85,575 142,028
Total assets less current liabilities: 110,458 173,036
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 ( 5,056 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 110,458 167,980
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 110,456 167,978
Total Shareholders' funds: 110,458 167,980

The notes form part of these financial statements

WOLF ELECTRICAL INSTALLATIONS LIMITED

Balance sheet statements

For the year ending 31 May 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 chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 January 2024
and signed on behalf of the board by:

Name: C M Toplis
Status: Director

The notes form part of these financial statements

WOLF ELECTRICAL INSTALLATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery - 20% on reducing balanceFixtures and fittings - 20% on reducing balanceMotor vehicles - 25% on reducing balance

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

WOLF ELECTRICAL INSTALLATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 5

WOLF ELECTRICAL INSTALLATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2022 0 4,400 4,400
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 May 2023 0 4,400 4,400
Amortisation
At 1 June 2022 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 May 2023 0 0 0
Net book value
At 31 May 2023 0 4,400 4,400
At 31 May 2022 0 4,400 4,400

WOLF ELECTRICAL INSTALLATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 27,045 18,032 70,112 115,189
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 27,045 18,032 70,112 115,189
Depreciation
At 1 June 2022 21,908 12,608 54,065 88,581
Charge for year 1,028 1,086 4,011 6,125
On disposals
Other adjustments
At 31 May 2023 22,936 13,694 58,076 94,706
Net book value
At 31 May 2023 4,109 4,338 12,036 20,483
At 31 May 2022 5,137 5,424 16,047 26,608

WOLF ELECTRICAL INSTALLATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Stocks

2023 2022
£ £
Stocks 5,672 17,000
Total 5,672 17,000

WOLF ELECTRICAL INSTALLATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Debtors

2023 2022
£ £
Trade debtors 47,467 49,271
Other debtors 4,084 11,288
Total 51,551 60,559

WOLF ELECTRICAL INSTALLATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,405 4,423
Taxation and social security 9,973 8,865
Other creditors 12,394 10,381
Total 23,772 23,669