Company Registration No. 12726886 (England and Wales)
Better Electrical Services Ltd
Unaudited accounts
for the period from 8 July 2022 to 31 July 2023
Better Electrical Services Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
50,723
17,831
Cash at bank and in hand
658,888
122,059
Creditors: amounts falling due within one year
(157,482)
(70,002)
Net current assets
581,687
103,797
Net assets
632,410
121,628
Called up share capital
1
1
Profit and loss account
632,409
121,627
Shareholders' funds
632,410
121,628
For the period 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 23 April 2024 and were signed on its behalf by
Louis Martin
Director
Company Registration No. 12726886
Better Electrical Services Ltd
Notes to the Accounts
for the period from 8 July 2022 to 31 July 2023
Better Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12726886. The registered office is 48 Springwood, Cheshunt, EN7 6AZ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 8 July 2022
1,124
16,595
1,820
19,539
Additions
-
45,650
-
45,650
At 31 July 2023
1,124
62,245
1,820
65,189
At 8 July 2022
740
-
968
1,708
Charge for the period
96
12,449
213
12,758
At 31 July 2023
836
12,449
1,181
14,466
At 31 July 2023
288
49,796
639
50,723
At 31 July 2022
384
16,595
852
17,831
Better Electrical Services Ltd
Notes to the Accounts
for the period from 8 July 2022 to 31 July 2023
Amounts falling due within one year
Trade debtors
4,388
40,949
Amounts due from group undertakings etc.
27,109
-
Accrued income and prepayments
-
888
Other debtors
18,080
9,903
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
12,801
25,685
Taxes and social security
144,453
27,636
Loans from directors
228
134
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
-
Shares issued during the period:
1 Ordinary shares of £1 each
1
8
Average number of employees
During the period the average number of employees was 3 (2022: 1).