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REGISTERED NUMBER: 01291233 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ford Electronics Limited

Ford Electronics Limited (Registered number: 01291233)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ford Electronics Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss J C Ford
R J Collingwood





SECRETARY: Miss J C Ford





REGISTERED OFFICE: Brewood Hall
Sparrows End Lane
Brewood
Staffordshire
ST19 9DB





REGISTERED NUMBER: 01291233 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Ford Electronics Limited (Registered number: 01291233)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 523 738

CURRENT ASSETS
Stocks - 46,506
Debtors 5 62,837 24,251
Cash at bank 58,994 23,450
121,831 94,207
CREDITORS
Amounts falling due within one year 6 27,904 91,101
NET CURRENT ASSETS 93,927 3,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,450

3,844

CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Retained earnings 74,450 (16,156 )
SHAREHOLDERS' FUNDS 94,450 3,844

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





Miss J C Ford - Director


Ford Electronics Limited (Registered number: 01291233)

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

1. STATUTORY INFORMATION

Ford Electronics 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
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

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

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ford Electronics Limited (Registered number: 01291233)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 66,162
DEPRECIATION
At 1 January 2023 65,424
Charge for year 215
At 31 December 2023 65,639
NET BOOK VALUE
At 31 December 2023 523
At 31 December 2022 738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,061 -
Other debtors 55,776 24,251
62,837 24,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,403 35,603
Taxation and social security 10,952 152
Other creditors 6,549 55,346
27,904 91,101

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1 20,000 20,000

Ford Electronics Limited (Registered number: 01291233)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Miss J C Ford
Balance outstanding at start of year (51,175 ) 10,543
Amounts advanced 188,500 25,010
Amounts repaid (103,987 ) (86,728 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,338 (51,175 )