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REGISTERED NUMBER: 08569969 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

NG5 ELECTRICAL LIMITED

NG5 ELECTRICAL LIMITED (Registered number: 08569969)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

NG5 ELECTRICAL LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: D O'Hanlon





SECRETARY:





REGISTERED OFFICE: Unit 1a,
100, Sherbrook Road
Daybrook
Nottingham
Nottinghamshire
NG5 6AB





REGISTERED NUMBER: 08569969 (England and Wales)





ACCOUNTANTS: Wright, Shaw and Partners
14, High Street
Hucknall
Nottinghamshire
NG15 7HD

NG5 ELECTRICAL LIMITED (Registered number: 08569969)

Balance Sheet
30 June 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
971 Tangible assets 4 786

CURRENT ASSETS
9,833 Stock and Work in Progress 8,824
3,202 Debtors 5 12,402
100 Cash in hand 100
13,135 21,326
CREDITORS
36,835 Amounts falling due within one year 6 31,741
(23,700 ) NET CURRENT LIABILITIES (10,415 )
(22,729 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,629

)

CAPITAL AND RESERVES
100 Called up share capital 100
(22,829 ) Retained earnings (9,729 )
(22,729 ) (9,629 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:



D O'Hanlon - Director


NG5 ELECTRICAL LIMITED (Registered number: 08569969)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

NG5 ELECTRICAL 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
Turnover 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NG5 ELECTRICAL LIMITED (Registered number: 08569969)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
Totals vehicles equipment
£    £    £   
COST
At 1 July 2022
and 30 June 2023 4,525 3,000 1,525
DEPRECIATION
At 1 July 2022 3,554 2,600 954
Charge for year 185 100 85
At 30 June 2023 3,739 2,700 1,039
NET BOOK VALUE
At 30 June 2023 786 300 486
At 30 June 2022 971 400 571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 12,402 3,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 13,520 14,486
Trade creditors 4,464 5,600
Taxation and social security 7,809 6,621
Other creditors 5,948 10,128
31,741 36,835

NG5 ELECTRICAL LIMITED

Report of the Accountants to the Director of
NG5 ELECTRICAL LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wright, Shaw and Partners
14, High Street
Hucknall
Nottinghamshire
NG15 7HD


13 March 2024