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REGISTERED NUMBER: 03602823 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

T. Darby (Electrical) Limited

T. Darby (Electrical) Limited (Registered number: 03602823)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T. Darby (Electrical) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: T Darby





REGISTERED OFFICE: 24 Shore Road
Warsash
Southampton
Hampshire
SO31 9FU





REGISTERED NUMBER: 03602823 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

T. Darby (Electrical) Limited (Registered number: 03602823)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,495 53,969

CURRENT ASSETS
Stocks 2,745 2,500
Debtors 5 105,714 49,384
Cash at bank 118,372 104,055
226,831 155,939
CREDITORS
Amounts falling due within one year 6 78,035 59,356
NET CURRENT ASSETS 148,796 96,583
TOTAL ASSETS LESS CURRENT LIABILITIES 186,291 150,552

PROVISIONS FOR LIABILITIES 9,937 10,254
NET ASSETS 176,354 140,298

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 176,254 140,198
176,354 140,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

T. Darby (Electrical) Limited (Registered number: 03602823)

Balance Sheet - continued
31 July 2023


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 31 January 2024 and were signed by:





T Darby - Director


T. Darby (Electrical) Limited (Registered number: 03602823)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

T. Darby (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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


T. Darby (Electrical) Limited (Registered number: 03602823)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Revenue recognition
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

T. Darby (Electrical) Limited (Registered number: 03602823)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 21,369 1,440 92,905 3,144 118,858
Additions 366 133 - 482 981
Disposals - - (14,793 ) - (14,793 )
At 31 July 2023 21,735 1,573 78,112 3,626 105,046
DEPRECIATION
At 1 August 2022 13,513 630 47,866 2,880 64,889
Charge for year 2,024 236 10,090 425 12,775
Eliminated on disposal - - (10,113 ) - (10,113 )
At 31 July 2023 15,537 866 47,843 3,305 67,551
NET BOOK VALUE
At 31 July 2023 6,198 707 30,269 321 37,495
At 31 July 2022 7,856 810 45,039 264 53,969

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 14,793
Disposals (14,793 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 10,113
Eliminated on disposal (10,113 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 4,680

T. Darby (Electrical) Limited (Registered number: 03602823)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 50,164 17,782
Other debtors 55,550 31,602
105,714 49,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts (see note 7) - 1,948
Trade creditors 24,795 12,037
Taxation and social security 36,457 19,986
Other creditors 16,783 25,385
78,035 59,356

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.23 31.7.22
£    £   
Net obligations repayable:
Within one year - 1,948

Non-cancellable operating leases
31.7.23 31.7.22
£    £   
Within one year 665 8,089
Between one and five years 15,817 -
16,482 8,089

T. Darby (Electrical) Limited (Registered number: 03602823)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
T Darby
Balance outstanding at start of year 16,643 16,420
Amounts advanced 40,696 64,061
Amounts repaid (16,000 ) (63,838 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,339 16,643