Company Registration No. 08073986 (England and Wales)
Jopling Electrical Contractors Limited
Unaudited accounts
for the year ended 31 October 2023
Jopling Electrical Contractors Limited
Unaudited accounts
Contents
Jopling Electrical Contractors Limited
Company Information
for the year ended 31 October 2023
Director
William Andrew Jopling
Company Number
08073986 (England and Wales)
Registered Office
91 SOUTH ELLA WAY
KIRK ELLA
HULL
EAST YORKSHIRE
HU10 7LZ
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Jopling Electrical Contractors Limited
Statement of financial position
as at 31 October 2023
Tangible assets
85,941
48,588
Cash at bank and in hand
77,642
37,489
Creditors: amounts falling due within one year
(86,440)
(61,251)
Net current assets
89,872
59,253
Total assets less current liabilities
175,813
107,841
Creditors: amounts falling due after more than one year
(65,033)
(35,697)
Provisions for liabilities
Deferred tax
(14,779)
(9,232)
Called up share capital
1
1
Profit and loss account
96,000
62,911
Shareholders' funds
96,001
62,912
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. 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 13 February 2024 and were signed on its behalf by
William Andrew Jopling
Director
Company Registration No. 08073986
Jopling Electrical Contractors Limited
Notes to the Accounts
for the year ended 31 October 2023
Jopling Electrical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 08073986. The registered office is 91 SOUTH ELLA WAY, KIRK ELLA, HULL, EAST YORKSHIRE, HU10 7LZ.
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 year, 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.
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
20% Cost
Motor vehicles
25% written down value
Fixtures & fittings
15% Cost
Computer equipment
33% Cost
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Jopling Electrical Contractors Limited
Notes to the Accounts
for the year ended 31 October 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
12,976
123,596
980
4,795
142,347
Additions
832
75,235
-
776
76,843
Disposals
-
(34,258)
-
-
(34,258)
At 31 October 2023
13,808
164,573
980
5,571
184,932
At 1 November 2022
11,097
77,615
513
4,534
93,759
Charge for the year
1,074
18,228
147
236
19,685
On disposals
-
(14,453)
-
-
(14,453)
At 31 October 2023
12,171
81,390
660
4,770
98,991
At 31 October 2023
1,637
83,183
320
801
85,941
At 31 October 2022
1,879
45,981
467
261
48,588
Amounts falling due within one year
Trade debtors
82,177
71,296
Accrued income and prepayments
3,565
2,881
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
13,343
8,730
Trade creditors
32,454
24,724
Taxes and social security
27,538
20,224
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
65,033
35,697
Jopling Electrical Contractors Limited
Notes to the Accounts
for the year ended 31 October 2023
8
Average number of employees
During the year the average number of employees was 19 (2022: 19).