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REGISTERED NUMBER: SC116984 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

WB Electrical Services Limited

WB Electrical Services Limited (Registered number: SC116984)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WB Electrical Services Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: A Baird





REGISTERED OFFICE: 17a Hareleeshill Road
Unit 3
Larkhall
Lanarkshire
ML9 2EX





REGISTERED NUMBER: SC116984 (Scotland)





ACCOUNTANTS: Smith Inglis & Tait
1 Auchingramont Road
Hamilton
ML3 6JP

WB Electrical Services Limited (Registered number: SC116984)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,804 17,944

CURRENT ASSETS
Stocks 35,000 33,000
Debtors 5 92,810 235,636
Cash at bank and in hand 419,275 359,762
547,085 628,398
CREDITORS
Amounts falling due within one year 6 144,106 335,756
NET CURRENT ASSETS 402,979 292,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,783

310,586

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 415,763 310,566
SHAREHOLDERS' FUNDS 415,783 310,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd February 2024 and were signed by:





A Baird - Director


WB Electrical Services Limited (Registered number: SC116984)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

WB Electrical Services Limited is a private company, limited by shares , registered in Scotland. 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 & Equipment - 25% Straight Line
Motor Vehicles - 25% Straight Line
Fixtures & Fittings - 25% Straight Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WB Electrical Services Limited (Registered number: SC116984)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 79,825
Additions 6,711
At 31st March 2023 86,536
DEPRECIATION
At 1st April 2022 61,881
Charge for year 11,851
At 31st March 2023 73,732
NET BOOK VALUE
At 31st March 2023 12,804
At 31st March 2022 17,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,881 221,093
Other debtors 18,929 14,543
92,810 235,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,189 126
Trade creditors 31,693 60,912
Taxation and social security 56,087 74,131
Other creditors 55,137 200,587
144,106 335,756