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REGISTERED NUMBER: 06000622 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

I.T.Electrical (Yorkshire) Ltd

I.T.Electrical (Yorkshire) Ltd (Registered number: 06000622)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

I.T.Electrical (Yorkshire) Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr I P Tuck
Mrs L J Tuck



REGISTERED OFFICE: Unit 2
Mayfair Industrial Estate
Vivars Way
Canal Road
Selby
YO8 8BE



REGISTERED NUMBER: 06000622 (England and Wales)



ACCOUNTANTS: PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR



BANKERS: HSBC Bank Plc
Wesley Sqaure
Goole
DN14 5AT

I.T.Electrical (Yorkshire) Ltd (Registered number: 06000622)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,782 467,361

CURRENT ASSETS
Stocks 5 20,000 20,000
Debtors 6 662,926 208,162
Prepayments and accrued income - 3,599
Cash at bank 336,477 343,756
1,019,403 575,517
CREDITORS
Amounts falling due within one year 7 289,386 260,709
NET CURRENT ASSETS 730,017 314,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

834,799

782,169

CREDITORS
Amounts falling due after more than one
year

8

15,679

25,301
NET ASSETS 819,120 756,868

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings 819,100 756,848
SHAREHOLDERS' FUNDS 819,120 756,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

I.T.Electrical (Yorkshire) Ltd (Registered number: 06000622)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:




Mr I P Tuck - Director



Mrs L J Tuck - Director


I.T.Electrical (Yorkshire) Ltd (Registered number: 06000622)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

I.T.Electrical (Yorkshire) Ltd 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 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 449,636 8,985 40,067 498,688
Additions - - 9,995 9,995
Disposals (363,636 ) - (2,676 ) (366,312 )
At 30 November 2023 86,000 8,985 47,386 142,371
DEPRECIATION
At 1 December 2022 - 8,003 23,324 31,327
Charge for year - 246 6,016 6,262
At 30 November 2023 - 8,249 29,340 37,589
NET BOOK VALUE
At 30 November 2023 86,000 736 18,046 104,782
At 30 November 2022 449,636 982 16,743 467,361

I.T.Electrical (Yorkshire) Ltd (Registered number: 06000622)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. STOCKS
30.11.23 30.11.22
£    £   
Work-in-progress 20,000 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 177,163 169,828
Other debtors 363,636 -
Directors' loan accounts 50,000 -
VAT 72,127 38,334
662,926 208,162

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,701 10,956
Creditors 186,904 191,105
Corporation Tax 80,017 37,118
PAYE 8,615 17,817
Other creditors 1,154 1,718
Accrued expenses 1,995 1,995
289,386 260,709

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yr by instal 15,679 25,301

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,679 25,301

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
20 Ordinary £1 20 20

I.T.Electrical (Yorkshire) Ltd

Report of the Accountants to the Directors of
I.T.Electrical (Yorkshire) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR


6 February 2024