4 false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2021 - FRS102_2021 9,500 9,500 xbrli:pure xbrli:shares iso4217:GBP 6712149 2022-11-01 2023-10-31 6712149 2023-10-31 6712149 2022-10-31 6712149 2021-11-01 2022-10-31 6712149 2022-10-31 6712149 core:PlantMachinery 2022-11-01 2023-10-31 6712149 core:MotorVehicles 2022-11-01 2023-10-31 6712149 bus:Director1 2022-11-01 2023-10-31 6712149 bus:Director2 2022-11-01 2023-10-31 6712149 core:NetGoodwill 2023-10-31 6712149 core:PlantMachinery 2022-10-31 6712149 core:MotorVehicles 2022-10-31 6712149 core:PlantMachinery 2023-10-31 6712149 core:MotorVehicles 2023-10-31 6712149 core:WithinOneYear 2023-10-31 6712149 core:WithinOneYear 2022-10-31 6712149 core:AfterOneYear 2023-10-31 6712149 core:AfterOneYear 2022-10-31 6712149 core:ShareCapital 2023-10-31 6712149 core:ShareCapital 2022-10-31 6712149 core:RetainedEarningsAccumulatedLosses 2023-10-31 6712149 core:RetainedEarningsAccumulatedLosses 2022-10-31 6712149 core:BetweenOneFiveYears 2023-10-31 6712149 core:PlantMachinery 2022-10-31 6712149 bus:SmallEntities 2022-11-01 2023-10-31 6712149 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 6712149 bus:FullAccounts 2022-11-01 2023-10-31 6712149 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 6712149 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 6712149
J D Electrical (Herts) Ltd
Filleted Unaudited Financial Statements
31 October 2023
J D Electrical (Herts) Ltd
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
4,743
6,500
Current assets
Stocks
1,365
2,460
Debtors
7
197,598
247,910
Cash at bank and in hand
390,487
660,174
--------
--------
589,450
910,544
Creditors: amounts falling due within one year
8
182,515
235,660
--------
--------
Net current assets
406,935
674,884
--------
--------
Total assets less current liabilities
411,678
681,384
Creditors: amounts falling due after more than one year
9
18,086
27,943
Provisions
Taxation including deferred tax
( 23,338)
1,625
--------
--------
Net assets
416,930
651,816
--------
--------
Capital and reserves
Called up share capital
200
200
Profit and loss account
416,730
651,616
--------
--------
Shareholders funds
416,930
651,816
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
J D Electrical (Herts) Ltd
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
Mr G J Hodgson
Mr G J Murphy
Director
Director
Company registration number: 6712149
J D Electrical (Herts) Ltd
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 112-114 High Street, Rickmansworth, Herts, WD3 1AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable for work carried out during the year, exclusive of Value Added Tax.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
20% straight line
Motor Vehicles
-
25% straight line
Office Equipment
-
25% straight line
(f) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(g) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
(h) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 November 2022 and 31 October 2023
9,500
------
Amortisation
At 1 November 2022 and 31 October 2023
9,500
------
Carrying amount
At 31 October 2023
------
At 31 October 2022
------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 November 2022
5,329
10,143
9,271
24,743
Additions
466
692
1,158
Disposals
( 110)
( 917)
( 1,027)
------
-------
------
-------
At 31 October 2023
5,685
10,143
9,046
24,874
------
-------
------
-------
Depreciation
At 1 November 2022
2,645
10,143
5,455
18,243
Charge for the year
924
1,852
2,776
Disposals
( 60)
( 828)
( 888)
------
-------
------
-------
At 31 October 2023
3,509
10,143
6,479
20,131
------
-------
------
-------
Carrying amount
At 31 October 2023
2,176
2,567
4,743
------
-------
------
-------
At 31 October 2022
2,684
3,816
6,500
------
-------
------
-------
7. Debtors
2023
2022
£
£
Trade debtors
191,717
225,906
Other debtors
5,881
22,004
--------
--------
197,598
247,910
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,100
10,030
Trade creditors
54,079
19,171
Corporation tax
40
70,487
Social security and other taxes
10,238
12,145
Other creditors
108,058
123,827
--------
--------
182,515
235,660
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
18,086
27,943
-------
-------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
4,063
1,047
Later than 1 year and not later than 5 years
3,620
------
------
7,683
1,047
------
------