Registered number
05179484
Skinners Electrical Limited
Filleted Accounts
30 November 2023
Skinners Electrical Limited
Registered number: 05179484
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 111,508 106,273
Current assets
Stocks 302,665 287,246
Debtors 4 146,210 63,962
Cash at bank and in hand 85,821 209,893
534,696 561,101
Creditors: amounts falling due within one year 5 (124,700) (97,362)
Net current assets 409,996 463,739
Total assets less current liabilities 521,504 570,012
Creditors: amounts falling due after more than one year 6 (19,098) (28,886)
Net assets 502,406 541,126
Capital and reserves
Called up share capital 100 100
Profit and loss account 502,306 541,026
Shareholders' funds 502,406 541,126
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Skinner
Director
Approved by the board on 11 April 2024
Skinners Electrical Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 107,956 181,536 289,492
Additions - 69,875 69,875
Disposals - (31,249) (31,249)
At 30 November 2023 107,956 220,162 328,118
Depreciation
At 1 December 2022 90,345 92,874 183,219
Charge for the year 3,522 32,473 35,995
On disposals - (2,604) (2,604)
At 30 November 2023 93,867 122,743 216,610
Net book value
At 30 November 2023 14,089 97,419 111,508
At 30 November 2022 17,611 88,662 106,273
4 Debtors 2023 2022
£ £
Trade debtors 83,158 63,462
VAT debtor 63,052 -
Other debtors - 500
146,210 63,962
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 80,923 53,482
Taxation and social security costs 23,859 17,099
Director's account 681 5,910
Accruals 2,100 1,400
Other creditors 7,137 9,471
124,700 97,362
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,098 28,886
7 Other information
Skinners Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 The Limes
Culcheth
Warrington
WA3 4HE
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