Registered number
07356135
Ask Electrical (Little Sutton) Ltd
Unaudited Filleted Accounts
31 August 2023
Ask Electrical (Little Sutton) Ltd
Registered number: 07356135
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,599 20,232
Current assets
Debtors 4 117,054 64,359
Cash at bank and in hand 87,752 108,045
204,806 172,404
Creditors: amounts falling due within one year 5 (127,904) (90,363)
Net current assets 76,902 82,041
Total assets less current liabilities 91,501 102,273
Creditors: amounts falling due after more than one year 6 (24,167) (34,167)
Net assets 67,334 68,106
Capital and reserves
Called up share capital 1 1
Profit and loss account 67,333 68,105
Shareholder's funds 67,334 68,106
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 member has 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.
Mr Stephen Wordsworth
Director
Approved by the board on 11 March 2024
Ask Electrical (Little Sutton) Ltd
Notes to the Accounts
for the year ended 31 August 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.
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:
Plant and machinery 25% on cost
Motor Vehicles 25% on cost
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.
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 1 1
3 Tangible fixed assets
Equipmenmt etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 6,503 31,670 38,173
At 31 August 2023 6,503 31,670 38,173
Depreciation
At 1 September 2022 6,086 11,855 17,941
Charge for the year 349 5,284 5,633
At 31 August 2023 6,435 17,139 23,574
Net book value
At 31 August 2023 68 14,531 14,599
At 31 August 2022 417 19,815 20,232
4 Debtors 2023 2022
£ £
Trade debtors 88,814 14,345
Other debtors 28,240 50,014
117,054 64,359
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors - 3,825
Taxation and social security costs 40,758 33,203
Other creditors 77,146 43,335
127,904 90,363
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,167 34,167
7 Controlling party
As at the balance sheet date, Mr Stephen Wordsworth is the controlling party by virtue of his directorship and shareholding.
8 Other information
Ask Electrical (Little Sutton) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
367 Chester Road
Little Sutton
Ellesmere Port
Cheshire
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