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S P Harvey Electrical Limited
Registered Number:04080598
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
S P Harvey Electrical Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04080598
As at 30 September 2023
S P Harvey Electrical Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
288,101
289,570
2
288,101
289,570
Current assets
Inventories
300
300
3
Trade and other receivables
11,559
13,839
4
386
Cash and cash equivalents
152,693
166,832
12,245
Trade and other payables: amounts falling due within one
year
(41,462)
(178,887)
5
(29,217)
(12,055)
Net current liabilities
Total assets less current liabilities
276,046
260,353
Trade and other payables: amounts falling due after more
than one year
(10,767)
(6,967)
6
(1,041)
(1,310)
Provisions for liabilities
268,038
Net assets
248,276
Capital and reserves
Called up share capital
1
1
Retained earnings
268,037
248,275
268,038
248,276
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S P Harvey Director
These financial statements were approved and authorised for issue by the Board on 27 February 2024 and were signed by:
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4
Registered Number :
04080598
For the year ended 30 September 2023
S P Harvey Electrical Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2023
S P Harvey Electrical Limited
Notes to the Financial Statements
Statutory Information
S P Harvey Electrical Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04080598.
Registered address:
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents income from electrical installation and maintenance at invoice value, less VAT
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation, excluding property. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Buy to let property
0% Straight line
Plant, machinery and Equipment
25% Reducing balance
25% Reducing balance
Office Equipment
25% Reducing balance
Motor vehicles
2% Straight line
Leasehold properties
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 September 2023
S P Harvey Electrical Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Leasehold
properties
Motor vehicles
Plant,
machinery and
Equipment
Buy to let
property
£
£
£
£
£
Cost or
valuation
At 01 October 2022
319,785
2,450
24,421
11,907
281,007
406
-
-
406
-
Additions
At 30 September 2023
12,313
24,421
2,450
320,191
281,007
Provision for depreciation and impairment
At 01 October 2022
30,215
784
18,619
10,812
-
Charge for year
1,875
49
1,450
376
-
At 30 September 2023
32,090
833
20,069
11,188
-
At 30 September 2023
Net book value
281,007
1,125
4,352
1,617
288,101
At 30 September 2022
281,007
1,095
5,802
1,666
289,570
3. Inventories
2022
2023
£
£
Stocks
300
300
4. Trade and other receivables
2022
2023
£
£
Trade debtors
12,353
9,583
Other debtors
1,486
1,976
11,559
13,839
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
3,800
3,800
Trade creditors
5,964
2,759
Taxation and social security
10,160
11,638
Other creditors
158,963
23,265
178,887
41,462
Included within taxation and social security is corporation tax of £6,159 (2022: £5,814).
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7
For the year ended 30 September 2023
S P Harvey Electrical Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
6,967
10,767
In August 2020 the company took out the government bounceback loan. This is over a 72 month period with the first repayment due 13 months after the loan was taken out.
7. Related party transactions
A dividend of £3,000 was paid to the director in the year.
The company is under the effective control of its director.
8. Directors advances and guarantees
At 01/10/2022
Loaned
Repaid
At 30/09/2023
£
£
£
£
S P Harvey
Loan to director
157,410
21,602
137,826
2,019
157,410
21,602
137,826
2,019
9. Average number of persons employed
During the year the average number of employees was 2 (2022 : 3)
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