2022-09-01 05932750 2023-08-31 05932750 2022-09-01 2023-08-31 05932750 2022-08-31 05932750 2021-09-01 2022-08-31 05932750 uk-core:WithinOneYear 2022-08-31 05932750 uk-core:WithinOneYear 2023-08-31 05932750 uk-core:AfterOneYear 2022-08-31 05932750 uk-core:AfterOneYear 2023-08-31 05932750 uk-core:ShareCapital 2023-08-31 05932750 uk-core:ShareCapital 2022-08-31 05932750 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 05932750 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 05932750 uk-bus:Director1 2022-09-01 2023-08-31 05932750 uk-core:PlantMachinery 2022-09-01 2023-08-31 05932750 uk-core:CommercialMotorVehicles 2022-09-01 2023-08-31 05932750 uk-core:CommercialMotorVehicles 2022-08-31 05932750 uk-core:PlantMachinery 2022-08-31 05932750 uk-core:PlantMachinery 2023-08-31 05932750 uk-core:CommercialMotorVehicles 2023-08-31 05932750 uk-core:WithinOneYear uk-core:Secured 2023-08-31 05932750 uk-core:WithinOneYear uk-core:Secured 2022-08-31 05932750 uk-core:AfterOneYear uk-core:Secured 2023-08-31 05932750 uk-core:AfterOneYear uk-core:Secured 2022-08-31 iso4217:GBP xbrli:pure 05932750 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 05932750 uk-bus:FRS102 2022-09-01 2023-08-31 05932750 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 05932750 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
Connect Electrical (Worcester) Limited
Registered Number:05932750
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Connect Electrical (Worcester) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05932750
As at 31 August 2023
Connect Electrical (Worcester) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
75,638
13,297
2
75,638
13,297
Current assets
Inventories
11,500
11,500
3
Trade and other receivables
195,013
142,516
4
29,334
Cash and cash equivalents
4,885
158,901
235,847
Trade and other payables: amounts falling due within one
year
(93,805)
(132,609)
5
142,042
26,292
Net current assets
Total assets less current liabilities
101,930
155,339
Trade and other payables: amounts falling due after more
than one year
(36,117)
(25,294)
6
76,636
Net assets
119,222
Capital and reserves
Called up share capital
100
100
Retained earnings
76,536
119,122
76,636
119,222
Shareholders' funds
For the year ended 31 August 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 31 August 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.
Kevin Jones Director
These financial statements were approved and authorised for issue by the Board on 02 April 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 August 2023
Connect Electrical (Worcester) Limited
Notes to the Financial Statements
Statutory Information
Connect Electrical (Worcester) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05932750.
Registered address:
40 Truro Drive
Kidderminster
Worcs
DY11 6DN
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
20% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
5
For the year ended 31 August 2023
Connect Electrical (Worcester) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 September 2022
64,087
61,147
2,940
81,251
81,251
-
Additions
At 31 August 2023
2,940
142,398
145,338
Provision for depreciation and impairment
At 01 September 2022
50,790
48,644
2,146
Charge for year
18,910
18,751
159
At 31 August 2023
69,700
67,395
2,305
At 31 August 2023
Net book value
635
75,003
75,638
At 31 August 2022
794
12,503
13,297
3. Inventories
2022
2023
£
£
Stocks
11,500
11,500
4. Trade and other receivables
2022
2023
£
£
Trade debtors
142,516
195,013
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
1,401
2,552
Trade creditors
18,569
25,897
Taxation and social security
31,585
63,651
Other creditors
81,054
1,705
132,609
93,805
3 of 4
6
For the year ended 31 August 2023
Connect Electrical (Worcester) 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
25,294
36,117
7. Average number of persons employed
During the year the average number of employees was 9 (2022 : 8)
4 of 4