SHIFT ELECTRICAL LIMITED

Company Registration Number:
08531447 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

SHIFT ELECTRICAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

SHIFT ELECTRICAL LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Current assets
Debtors: 3 9,383 10,540
Cash at bank and in hand: 907 1,137
Total current assets: 10,290 11,677
Creditors: amounts falling due within one year: 4 (7,982) (6,409)
Net current assets (liabilities): 2,308 5,268
Total assets less current liabilities: 2,308 5,268
Total net assets (liabilities): 2,308 5,268
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,208 5,168
Shareholders funds: 2,308 5,268

The notes form part of these financial statements

SHIFT ELECTRICAL LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 February 2024
and signed on behalf of the board by:

Name: Andrew Twells
Status: Director

The notes form part of these financial statements

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when work has been completed and invoiced to the customer.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.Equipment 20% straight line.

Other accounting policies

1. Cash and cash equivalents. Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. 2. Taxation. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

Corporation tax £6,626.Director's loan account £592.Accruals and deferred income £764.