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REGISTERED NUMBER: 04460027 (England and Wales)















Financial Statements for the Period 1 March 2022 to 27 February 2023

for

Wye Electrical Contractors Limited

Wye Electrical Contractors Limited (Registered number: 04460027)

Contents of the Financial Statements
for the Period 1 March 2022 to 27 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wye Electrical Contractors Limited

Company Information
for the Period 1 March 2022 to 27 February 2023







DIRECTORS: R N R Jones
Mrs M J Jones





SECRETARY: Mrs M J Jones





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 04460027 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Wye Electrical Contractors Limited (Registered number: 04460027)

Balance Sheet
27 February 2023

27.2.23 28.2.22
Notes £    £   
CURRENT ASSETS
Inventories 90,000 90,000
Debtors 4 25,611 38,161
Cash at bank and in hand 627 588
116,238 128,749
CREDITORS
Amounts falling due within one year 5 (97,368 ) (96,727 )
NET CURRENT ASSETS 18,870 32,022
TOTAL ASSETS LESS CURRENT LIABILITIES 18,870 32,022

CREDITORS
Amounts falling due after more than one
year

6

(44,670

)

(44,686

)
NET LIABILITIES (25,800 ) (12,664 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (25,802 ) (12,666 )
SHAREHOLDERS' FUNDS (25,800 ) (12,664 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





Mrs M J Jones - Director


Wye Electrical Contractors Limited (Registered number: 04460027)

Notes to the Financial Statements
for the Period 1 March 2022 to 27 February 2023


1. STATUTORY INFORMATION

Wye Electrical Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The shareholder's of the company have indicated their willingness to financially support the company for the foreseeable future, therefore, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 28.2.22
£    £   
Other debtors 25,611 38,161

Wye Electrical Contractors Limited (Registered number: 04460027)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 27 February 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 761 -
Amounts owed to group undertakings 1,927 1,927
Directors' current accounts 88,480 88,480
Accrued expenses 1,200 1,320
97,368 96,727

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.2.23 28.2.22
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 24,670 24,686
44,670 44,686

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,670 24,686

7. RELATED PARTY DISCLOSURES

At the year end the directors' were owed £88,480 (2022: £88,480) in respect of their directors' loan accounts.

The loan is interest free and repayable on demand.

Other debtors includes £25,611 (2022: £38,161) owed by Wye Group Holdings Limited, a company in which Mr R N R Jones and Mrs M J Jones are directors' and shareholders' of.