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REGISTERED NUMBER: 07853146 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

KAYS ELECTRICAL SERVICES LIMITED

KAYS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07853146)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 6


KAYS ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Mr R Kay
Mr P Kay





REGISTERED OFFICE: 11 Jubilee Terrace
Shaw Lane
Stoke Prior
Bromsgrove
Worcestershire
B60 4EN





REGISTERED NUMBER: 07853146 (England and Wales)





ACCOUNTANTS: NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS

KAYS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07853146)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 44,852 47,464

CURRENT ASSETS
Inventories 6,841 7,110
Debtors 5 51,578 98,279
Cash at bank 2 5,532
58,421 110,921
CREDITORS
Amounts falling due within one year 6 53,683 107,142
NET CURRENT ASSETS 4,738 3,779
TOTAL ASSETS LESS CURRENT LIABILITIES 49,590 51,243

CREDITORS
Amounts falling due after more than one
year

7

(21,099

)

(33,438

)

PROVISIONS FOR LIABILITIES (1,957 ) -
NET ASSETS 26,534 17,805

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 26,433 17,704
SHAREHOLDERS' FUNDS 26,534 17,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

KAYS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07853146)

STATEMENT OF FINANCIAL POSITION - continued
30TH NOVEMBER 2023


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th March 2024 and were signed on its behalf by:





Mr R Kay - Director


KAYS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07853146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Kays Electrical Services 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.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

KAYS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07853146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st December 2022
and 30th November 2023 37,023 257 1,581
DEPRECIATION
At 1st December 2022 - 175 1,269
Charge for year - 21 79
At 30th November 2023 - 196 1,348
NET BOOK VALUE
At 30th November 2023 37,023 61 233
At 30th November 2022 37,023 82 312

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 21,000 2,523 62,384
DEPRECIATION
At 1st December 2022 12,141 1,335 14,920
Charge for year 2,215 297 2,612
At 30th November 2023 14,356 1,632 17,532
NET BOOK VALUE
At 30th November 2023 6,644 891 44,852
At 30th November 2022 8,859 1,188 47,464

KAYS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07853146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 39,508 82,094
Other debtors 12,070 16,185
51,578 98,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,375 19,364
Hire purchase contracts 4,200 2,462
Trade creditors 6,290 30,785
Taxation and social security 15,098 19,781
Other creditors 18,720 34,750
53,683 107,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 17,599 24,000
Hire purchase contracts 3,500 9,438
21,099 33,438

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 16,000