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Company Registration No. 07676033 (England and Wales)
Warner Electrical Contractors Limited Unaudited accounts for the year ended 31 August 2023
Warner Electrical Contractors Limited Unaudited accounts Contents
Page
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Warner Electrical Contractors Limited Company Information for the year ended 31 August 2023
Directors
Jane Warner Peter Phillip Warner Jane Warner Peter Warner
Company Number
07676033 (England and Wales)
Registered Office
4 The Levels Hornsea HU18 1GA
Accountants
Rainbird Hanton Accountants The Octagon Hesslewood Business Park Feriby Road Hessle East Yorkshire HU13 0LH
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Warner Electrical Contractors Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,459 
13,360 
Current assets
Inventories
11,750 
2,950 
Debtors
373,019 
232,390 
Cash at bank and in hand
24 
24 
384,793 
235,364 
Creditors: amounts falling due within one year
(329,957)
(190,143)
Net current assets
54,836 
45,221 
Total assets less current liabilities
70,295 
58,581 
Creditors: amounts falling due after more than one year
(20,924)
(34,001)
Provisions for liabilities
Deferred tax
(346)
(346)
Net assets
49,025 
24,234 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
48,925 
24,134 
Shareholders' funds
49,025 
24,234 
For the year ending 31 August 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by
Peter Warner Director Company Registration No. 07676033
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Warner Electrical Contractors Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Warner Electrical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 07676033. The registered office is 4 The Levels, Hornsea, HU18 1GA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on NBV
Fixtures & fittings
33.33% on cost
Computer equipment
25% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
10,000 
At 31 August 2023
10,000 
Amortisation
At 1 September 2022
10,000 
At 31 August 2023
10,000 
Net book value
At 31 August 2023
- 
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Warner Electrical Contractors Limited Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
2,382 
16,990 
6,093 
7,344 
32,809 
Additions
- 
7,500 
- 
192 
7,692 
At 31 August 2023
2,382 
24,490 
6,093 
7,536 
40,501 
Depreciation
At 1 September 2022
2,382 
4,248 
5,909 
6,910 
19,449 
Charge for the year
- 
5,061 
62 
470 
5,593 
At 31 August 2023
2,382 
9,309 
5,971 
7,380 
25,042 
Net book value
At 31 August 2023
- 
15,181 
122 
156 
15,459 
At 31 August 2022
- 
12,742 
184 
434 
13,360 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
18,474 
16,183 
Trade debtors
354,545 
202,941 
Other debtors
- 
13,266 
373,019 
232,390 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
36,474 
40,429 
Obligations under finance leases and hire purchase contracts
6,239 
5,319 
Trade creditors
177,023 
101,743 
Taxes and social security
18,327 
6,195 
Other creditors
89,875 
36,457 
Loans from directors
219 
- 
Accruals
1,800 
- 
329,957 
190,143 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,762 
27,762 
Obligations under finance leases and hire purchase contracts
3,162 
6,239 
20,924 
34,001 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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