Company Registration No. 10803414 (England and Wales)
SHABS ELECTRICAL LTD
Unaudited accounts
for the year ended 30 June 2023
SHABS ELECTRICAL LTD
Unaudited accounts
Contents
SHABS ELECTRICAL LTD
Company Information
for the year ended 30 June 2023
Company Number
10803414 (England and Wales)
Registered Office
22 Pembury Close
Haywards Heath
RH16 3RZ
SHABS ELECTRICAL LTD
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
5,393
350
Creditors: amounts falling due within one year
(3,647)
(2,395)
Net current assets
10,555
2,132
Called up share capital
1
1
Profit and loss account
10,948
2,623
Shareholders' funds
10,949
2,624
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 29 January 2024 and were signed on its behalf by
Shabu Kurian
Director
Company Registration No. 10803414
SHABS ELECTRICAL LTD
Notes to the Accounts
for the year ended 30 June 2023
SHABS ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10803414. The registered office is 22 Pembury Close, Haywards Heath, RH16 3RZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Government grants are recognised as other income once there is reasonable assurance that all conditions relating to the grant have been attained and that the grant will be received.
During the year the company was in receipt of relief in respect of the Coronavirus Job Retention Scheme and other Govt. Grants. The income is recorded based on the claim periods made relating the financial year
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:
4
Tangible fixed assets
Computer equipment
SHABS ELECTRICAL LTD
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,680
2,395
Loans from directors
967
-
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).