Company Registration No. 09964095 (England and Wales)
NTH ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
for the year ended 31 December 2023
NTH ELECTRICAL CONTRACTORS LIMITED
Unaudited accounts
Contents
NTH ELECTRICAL CONTRACTORS LIMITED
Company Information
for the year ended 31 December 2023
Company Number
09964095 (England and Wales)
Registered Office
8 Follyhall Road
Tingley
Wakefield
West Yorkshire
WF3 1TN
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
NTH ELECTRICAL CONTRACTORS LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
30,798
17,082
Cash at bank and in hand
43,468
63,662
Creditors: amounts falling due within one year
(83,505)
(51,813)
Net current assets
13,553
27,118
Total assets less current liabilities
44,351
44,200
Creditors: amounts falling due after more than one year
(20,119)
(19,333)
Provisions for liabilities
Deferred tax
(5,960)
(2,905)
Called up share capital
1
1
Profit and loss account
18,271
21,961
Shareholders' funds
18,272
21,962
For the year ending 31 December 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 5 March 2024 and were signed on its behalf by
N.Handley
Director
Company Registration No. 09964095
NTH ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
NTH ELECTRICAL CONTRACTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09964095. The registered office is 8 Follyhall Road, Tingley, Wakefield, West Yorkshire, WF3 1TN.
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.
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 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:
Land & buildings
10% Straight Line
Plant & machinery
10% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
NTH ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
1,993
896
30,575
1,752
-
35,216
Additions
-
-
24,245
-
225
24,470
Disposals
-
-
(10,000)
(142)
-
(10,142)
At 31 December 2023
1,993
896
44,820
1,610
225
49,544
At 1 January 2023
200
466
16,764
704
-
18,134
Charge for the year
199
43
6,956
204
45
7,447
On disposals
-
-
(6,723)
(112)
-
(6,835)
At 31 December 2023
399
509
16,997
796
45
18,746
At 31 December 2023
1,594
387
27,823
814
180
30,798
At 31 December 2022
1,793
430
13,811
1,048
-
17,082
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
19,396
-
Amounts falling due within one year
Trade debtors
48,289
9,031
Accrued income and prepayments
1,654
659
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,000
8,000
Obligations under finance leases and hire purchase contracts
2,259
-
Trade creditors
23,655
8,192
Taxes and social security
11,927
18,124
Other creditors
36,396
15,668
NTH ELECTRICAL CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,786
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
2,125
-
2,125
-
Overdrawn Directors Loan Account as at 31st December 2022. Repaid within 9 months and 1 day following the end of the Accounting Period.
10
Transactions with related parties
The company is in receipt of a loan amounting to £93.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
11
Average number of employees
During the year the average number of employees was 3 (2022: 2).