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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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,723 
17,831 
Current assets
Debtors
80,281 
51,740 
Cash at bank and in hand
658,888 
122,059 
739,169 
173,799 
Creditors: amounts falling due within one year
(157,482)
(70,002)
Net current assets
581,687 
103,797 
Net assets
632,410 
121,628 
Capital and reserves
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
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Better Electrical Services Ltd Notes to the Accounts for the period from 8 July 2022 to 31 July 2023
1
Statutory information
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.
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 period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 July 2023
288 
49,796 
639 
50,723 
At 31 July 2022
384 
16,595 
852 
17,831 
- 3 -
Better Electrical Services Ltd Notes to the Accounts for the period from 8 July 2022 to 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
30,704 
- 
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 
80,281 
51,740 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
990 
Trade creditors
12,801 
25,685 
Taxes and social security
144,453 
27,636 
Other creditors
- 
15,557 
Loans from directors
228 
134 
157,482 
70,002 
7
Share capital
2023 
2022 
£ 
£ 
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).
- 4 -