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REGISTERED NUMBER: 10185623 (England and Wales)















Financial Statements For The Year Ended 31st May 2023

for

S. Chambers Electrical Ltd

S. Chambers Electrical Ltd (Registered number: 10185623)






Contents of the Financial Statements
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S. Chambers Electrical Ltd

Company Information
For The Year Ended 31st May 2023







DIRECTOR: S J Chambers





REGISTERED OFFICE: 64 High Street
Belper
Derbyshire
DE56 1GF





REGISTERED NUMBER: 10185623 (England and Wales)





ACCOUNTANTS: Dale Accounting Services Limited
64 High Street
Belper
Derbyshire
DE56 1GF

S. Chambers Electrical Ltd (Registered number: 10185623)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 226 387

CURRENT ASSETS
Debtors 5 34,241 20,603
Cash at bank 20 20
34,261 20,623
CREDITORS
Amounts falling due within one year 6 18,636 18,421
NET CURRENT ASSETS 15,625 2,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,851

2,589

PROVISIONS FOR LIABILITIES 43 74
NET ASSETS 15,808 2,515

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,807 2,514
SHAREHOLDERS' FUNDS 15,808 2,515

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 9th April 2024 and were signed by:




S J Chambers - Director


S. Chambers Electrical Ltd (Registered number: 10185623)

Notes to the Financial Statements
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

S. Chambers Electrical Ltd 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.
Plant and machinery etc - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

S. Chambers Electrical Ltd (Registered number: 10185623)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 2,424
Additions 110
At 31st May 2023 2,534
DEPRECIATION
At 1st June 2022 2,037
Charge for year 271
At 31st May 2023 2,308
NET BOOK VALUE
At 31st May 2023 226
At 31st May 2022 387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 34,241 20,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 17,469 17,645
Other creditors 1,167 776
18,636 18,421

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
S J Chambers
Balance outstanding at start of year 5,107 5,531
Amounts advanced 46,981 -
Amounts repaid (32,864 ) (424 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,224 5,107

8. ULTIMATE CONTROLLING PARTY

The controlling party is S J Chambers.