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REGISTERED NUMBER: 05370066 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

TSJ ELECTRICAL LIMITED

TSJ ELECTRICAL LIMITED (REGISTERED NUMBER: 05370066)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TSJ ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: T G Cowell





SECRETARY: J B Giannotti





REGISTERED OFFICE: 97 Parkinson Drive
Chelmsford
Essex
CM1 3GU





REGISTERED NUMBER: 05370066 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

TSJ ELECTRICAL LIMITED (REGISTERED NUMBER: 05370066)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 54,240 57,457
54,240 57,457

CURRENT ASSETS
Debtors 6 223,185 503,805
Cash at bank 3,386 52,503
226,571 556,308
CREDITORS
Amounts falling due within one year 7 236,219 567,206
NET CURRENT LIABILITIES (9,648 ) (10,898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,592

46,559

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 44,585 46,552
SHAREHOLDERS' FUNDS 44,592 46,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 13 March 2024 and were signed by:





T G Cowell - Director


TSJ ELECTRICAL LIMITED (REGISTERED NUMBER: 05370066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

TSJ Electrical Limited is a private company, limited by shares , registered in England and Wales. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - Straight line over 5 years
Computer equipment - 50% on cost

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.

TSJ ELECTRICAL LIMITED (REGISTERED NUMBER: 05370066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 2,000
AMORTISATION
At 1 July 2022
and 30 June 2023 2,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 11,047 186,892 7,692 205,631
Disposals - (31,000 ) - (31,000 )
At 30 June 2023 11,047 155,892 7,692 174,631
DEPRECIATION
At 1 July 2022 10,081 130,401 7,692 148,174
Charge for year 193 3,024 - 3,217
Eliminated on disposal - (31,000 ) - (31,000 )
At 30 June 2023 10,274 102,425 7,692 120,391
NET BOOK VALUE
At 30 June 2023 773 53,467 - 54,240
At 30 June 2022 966 56,491 - 57,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 212,394 447,206
VAT - 49,941
Other debtors and prepayments 10,791 6,658
223,185 503,805

TSJ ELECTRICAL LIMITED (REGISTERED NUMBER: 05370066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans - less than 1 yr 36,792 46,792
Trade creditors 72,911 381,820
Taxation 3,809 6,093
Social security and other taxes 20,535 29,286
Pensions payable 1,912 -
VAT 30,256 -
Directors' current accounts 68,154 101,590
Accrued expenses 1,850 1,625
236,219 567,206