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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
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NTH ELECTRICAL CONTRACTORS LIMITED Company Information for the year ended 31 December 2023
Director
N.Handley
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
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NTH ELECTRICAL CONTRACTORS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,798 
17,082 
Current assets
Inventories
1,150 
860 
Debtors
52,440 
14,409 
Cash at bank and in hand
43,468 
63,662 
97,058 
78,931 
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)
Net assets
18,272 
21,962 
Capital and reserves
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
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NTH ELECTRICAL CONTRACTORS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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 taxation
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.
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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 
Depreciation
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 
Net book value
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 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
19,396 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,497 
- 
Trade debtors
48,289 
9,031 
Accrued income and prepayments
1,654 
659 
Other debtors
- 
4,719 
52,440 
14,409 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
VAT
- 
679 
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 
Loans from directors
93 
- 
Accruals
1,175 
1,150 
83,505 
51,813 
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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 
£ 
£ 
Bank loans
11,333 
19,333 
Obligations under finance leases and hire purchase contracts
8,786 
- 
20,119 
19,333 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
N.Handley
Loan to Director
2,125 
- 
2,125 
- 
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).
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