FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Company Registration Number:
12496990 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Company Information

for the Period Ended 31 March 2023




Director: Mr Joseph Foley
Registered office: 32e
Arundel Square
London
England
N7 8AS
Company Registration Number: 12496990 (England and Wales)

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

The company’s principle activity during the period was installation of electrical services

Political and charitable donations

No political donations were made

Company policy on the employment of disabled persons

No disabled people employed currently.

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
Mr Joseph Foley

This report was approved by the board of directors on 12 March 2024
And Signed On Behalf Of The Board By:

Name: Mr Joseph Foley
Status: Director

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 57,093 59,545
Cost of sales ( 34,011 ) ( 18,838 )
Gross surplus or (deficit) 23,082 40,707
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 33,961 ) ( 35,943 )
Other operating income 0 0
Operating surplus or (deficit) ( 10,879 ) 4,764
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Surplus or (deficit) before tax ( 10,879 ) 4,764
Tax on surplus ( 0 ) ( 1,466 )
Surplus or (deficit) for the period ( 10,879 ) 3,298

The notes form part of these financial statements

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 2,950 4,426
Total fixed assets: 2,950 4,426
Current assets
Stocks: 0 0
Debtors: 6 7,812 374
Cash at bank and in hand: 11,338 7,436
Total current assets: 19,150 7,810
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 5,800 ) ( 4,413 )
Net current assets (liabilities): 13,350 3,397
Total assets less current liabilities: 16,300 7,823
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 16,300 7,823

The notes form part of these financial statements

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Reserves
Revaluation reserve: 9 0 0
Income and expenditure account 16,300 7,823
Members funds 16,300 7,823

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 12 March 2024
And Signed On Behalf Of The Board By:

Name: Mr Joseph Foley
Status: Director

The notes form part of these financial statements

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Intangible assets

Other Total
Cost £ £
At 01 April 2022 - -
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 - -
Amortisation
Amortisation at 01 April 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2023 - -
Net book value
Net book value at 31 March 2023 - -
Net book value at 31 March 2022 - -

No intangible assets

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 April 2022 2,000 1,156 2,746 5,902
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2023 2,000 1,156 2,746 5,902
Depreciation
At 01 April 2022 500 289 687 1,476
Charge for year 500 289 687 1,476
On disposals - - - -
Other adjustments - - - -
At 31 March 2023 1,000 578 1,374 2,952
Net book value
At 31 March 2023 1,000 578 1,372 2,950
At 31 March 2022 1,500 867 2,059 4,426

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Debtors


2023
£

2022
£
Trade debtors 7,812 374
Prepayments and accrued income 0 0
Other debtors 0 0
Total 7,812 374
Debtors due after more than one year: 0 0

No other debtors

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 5,800 4,413
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 5,800 4,413

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

FOLEY ELECTRICAL LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2023

9. Revaluation reserve


2023
£
Balance at 01 April 2022 0
Surplus or deficit after revaluation 0
Balance at 31 March 2023 0