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Registration number: 11675500

Saxon Electrical Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Saxon Electrical Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Saxon Electrical Ltd

Company Information

Director

Mr AJ Lauder

Registered office

302 Collingwood Road
Sutton
Surrey
SM1 2NX

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Saxon Electrical Ltd

(Registration number: 11675500)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,342

13,507

Current assets

 

Debtors

5

27,120

29,897

Cash at bank and in hand

 

51,847

29,421

 

78,967

59,318

Creditors: Amounts falling due within one year

6

(39,400)

(40,822)

Net current assets

 

39,567

18,496

Total assets less current liabilities

 

46,909

32,003

Creditors: Amounts falling due after more than one year

6

-

(2,732)

Net assets

 

46,909

29,271

Capital and reserves

 

Called up share capital

1

1

Retained earnings

46,908

29,270

Shareholders' funds

 

46,909

29,271

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 10 April 2024
 

.........................................
Mr AJ Lauder
Director

   
     
 

Saxon Electrical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
302 Collingwood Road
Sutton
Surrey
SM1 2NX

These financial statements were authorised for issue by the director on 10 April 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

Fixtures and fittings

25% on cost

Motor vehicles

25% on cost

Computer equipment

25% on cost

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

 

Saxon Electrical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 December 2022

406

5,627

6,061

22,228

Additions

-

188

948

-

At 30 November 2023

406

5,815

7,009

22,228

Depreciation

At 1 December 2022

276

3,675

3,435

13,429

Charge for the year

52

818

874

5,557

At 30 November 2023

328

4,493

4,309

18,986

Carrying amount

At 30 November 2023

78

1,322

2,700

3,242

At 30 November 2022

130

1,952

2,626

8,799

Total
£

Cost or valuation

At 1 December 2022

34,322

Additions

1,136

At 30 November 2023

35,458

Depreciation

At 1 December 2022

20,815

Charge for the year

7,301

At 30 November 2023

28,116

Carrying amount

At 30 November 2023

7,342

At 30 November 2022

13,507

5

Debtors

Current

2023
£

2022
£

Trade debtors

14,709

15,149

Prepayments

-

1,241

Other debtors

12,411

13,507

 

27,120

29,897

 

Saxon Electrical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

2,732

4,683

Trade creditors

 

14,176

16,754

Taxation and social security

 

16,382

9,932

Other creditors

 

6,110

9,453

 

39,400

40,822

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

-

2,732

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

-

2,732

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

2,732

4,683