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Company Registration No. 11475891 (England and Wales)
Tennant Electrical Ltd Unaudited accounts for the year ended 31 July 2023
Tennant Electrical Ltd Unaudited accounts Contents
Page
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Tennant Electrical Ltd Company Information for the year ended 31 July 2023
Director
B Tennant
Company Number
11475891 (England and Wales)
Registered Office
The Nest Haroldslea Horley Surrey RH6 9PJ United Kingdom
Accountants
G Schulz & Company Ltd Chartered Management Accountants G W Schulz FCMA CGMA 3 Lane Close Horsham, West Sussex RH12 3UF
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Tennant Electrical Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,139 
18,055 
Current assets
Debtors
891 
41,786 
Cash at bank and in hand
403 
18,342 
1,294 
60,128 
Creditors: amounts falling due within one year
(6,911)
(16,878)
Net current (liabilities)/assets
(5,617)
43,250 
Total assets less current liabilities
2,522 
61,305 
Creditors: amounts falling due after more than one year
(24,694)
(34,314)
Net (liabilities)/assets
(22,172)
26,991 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(22,173)
26,990 
Shareholders' funds
(22,172)
26,991 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2024 and were signed on its behalf by
B Tennant Director Company Registration No. 11475891
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Tennant Electrical Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Tennant Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 11475891. The registered office is The Nest, Haroldslea, Horley, Surrey, RH6 9PJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
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.
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Tennant Electrical Ltd Notes to the Accounts for the year ended 31 July 2023
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2022
45,090 
At 31 July 2023
45,090 
Depreciation
At 1 August 2022
27,035 
Charge for the year
9,916 
At 31 July 2023
36,951 
Net book value
At 31 July 2023
8,139 
At 31 July 2022
18,055 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
41,786 
Other debtors
891 
- 
891 
41,786 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
VAT
(11,054)
(2,489)
Obligations under finance leases and hire purchase contracts
1,349 
1,349 
Trade creditors
12,268 
11,414 
Taxes and social security
(4,901)
(6,329)
Other creditors
549 
- 
Loans from directors
- 
4,233 
Accruals
700 
700 
6,911 
16,878 
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Tennant Electrical Ltd Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,667 
22,667 
Obligations under finance leases and hire purchase contracts
10,027 
11,647 
24,694 
34,314 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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