Registered number
03466830
Antham Electrical Limited
Filleted Accounts
31 December 2023
Antham Electrical Limited
Registered number: 03466830
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 34,318 25,390
Current assets
Stocks 5,000 7,875
Debtors 5 37,132 529,602
Cash at bank and in hand 1,132,791 747,754
1,174,923 1,285,231
Creditors: amounts falling due within one year 6 (177,884) (312,287)
Net current assets 997,039 972,944
Total assets less current liabilities 1,031,357 998,334
Provisions for liabilities (4,640) (4,640)
Net assets 1,026,717 993,694
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,026,617 993,594
Shareholders' funds 1,026,717 993,694
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Hamell
Director
Approved by the board on 9 February 2024
Antham Electrical Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 15,000
At 31 December 2023 15,000
Amortisation
At 1 January 2023 15,000
At 31 December 2023 15,000
Net book value
At 31 December 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 31,405 75,276 106,681
Additions 1,042 16,663 17,705
At 31 December 2023 32,447 91,939 124,386
Depreciation
At 1 January 2023 28,374 52,917 81,291
Charge for the year 757 8,020 8,777
At 31 December 2023 29,131 60,937 90,068
Net book value
At 31 December 2023 3,316 31,002 34,318
At 31 December 2022 3,031 22,359 25,390
5 Debtors 2023 2022
£ £
Trade debtors 1,674 432,698
Other debtors 35,458 96,904
37,132 529,602
6 Creditors: amounts falling due within one year 2023 2022
£ £
Directors' current account 32,417 25,985
Trade creditors 105,053 222,591
Taxation and social security costs 34,317 52,752
Other creditors 6,097 10,959
177,884 312,287
7 Controlling party
The Company is controlled by the director, David Hamell, who owns 60% of the issued share capital.
8 Other information
Antham Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 23 Bilton Industrial Estate
Lovelace Road
Bracknell
RG12 8YT
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