Registered number
13440119
DX Electrical Ltd
Filleted Accounts
30 June 2023
DX Electrical Ltd
Company Information
Director
D Christmas
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
24 Hayward Road
Staple Hill
Bristol
Registered number
13440119
DX Electrical Ltd
Registered number: 13440119
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,125 14,337
Current assets
Stocks 1,500 8,500
Cash at bank and in hand 14,871 14,549
16,371 23,049
Creditors: amounts falling due within one year 4 (11,711) (16,433)
Net current assets 4,660 6,616
Total assets less current liabilities 15,785 20,953
Creditors: amounts falling due after more than one year 5 - (20,015)
Net assets 15,785 938
Capital and reserves
Called up share capital 10 10
Profit and loss account 15,775 928
Shareholders' funds 15,785 938
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Christmas
Director
Approved by the board on 31 December 2023
DX Electrical Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 5 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2022 - 17,920 17,920
Additions 462 - 462
At 30 June 2023 462 17,920 18,382
Depreciation
At 1 July 2022 - 3,583 3,583
Charge for the year 92 3,582 3,674
At 30 June 2023 92 7,165 7,257
Net book value
At 30 June 2023 370 10,755 11,125
At 30 June 2022 - 14,337 14,337
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 11,211 15,933
Other creditors 500 500
11,711 16,433
5 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loan - 20,015
6 Controlling party
The company is controlled by the director.
7 Other information
DX Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Hayward Road
Staple Hill
Bristol
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