Registered number: 00934651 | ||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||
Prepared By: | ||||||||
Munro's | ||||||||
Chartered Accountants | ||||||||
1341 High Road | ||||||||
Whetstone | ||||||||
London | ||||||||
N20 9HR |
Enfield Electrical Supplies Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Hertfordshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 00934651 | ||||||||
ACCOUNTANTS | ||||||||
Munro's | ||||||||
Chartered Accountants | ||||||||
1341 High Road | ||||||||
Whetstone | ||||||||
London | ||||||||
N20 9HR |
Enfield Electrical Supplies Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 JUNE 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Enfield Electrical Supplies Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
1,979,105 | 2,021,253 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 455,669 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 173,843 | 280,456 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Share premium account | 9 | |||||||||
Capital redemption reserve | 10 | |||||||||
Profit and loss account | 45,073 | 125,408 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Enfield Electrical Supplies Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant And Machinery | reducing balance25% | |||||||
Motor Cars | reducing balance25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
Enfield Electrical Supplies Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Plant and | ||||||
Machinery | Motor Cars | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 July 2022 | 358,336 | 134,578 | 492,914 | |||
Additions | 2,790 | - | 2,790 | |||
At 30 June 2023 | 361,126 | 134,578 | 495,704 | |||
Depreciation | ||||||
At 1 July 2022 | 345,275 | 38,920 | 384,195 | |||
For the year | 3,963 | 23,914 | 27,877 | |||
At 30 June 2023 | 349,238 | 62,834 | 412,072 | |||
Net Book Amounts | ||||||
At 30 June 2023 | 83,632 | |||||
At 30 June 2022 | 108,719 | |||||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 675,744 | 812,449 | ||||||
Other debtors | 396,169 | 203,155 | ||||||
Prepayments | 48,360 | 37,741 | ||||||
1,120,273 | 1,053,345 | |||||||
Enfield Electrical Supplies Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | 41,502 | 39,333 | ||||||
PAYE control | 20,356 | 23,870 | ||||||
Salaries and wages control | 3,344 | 6,146 | ||||||
Directors current account | 394 | 394 | ||||||
Directors current account | 407 | 407 | ||||||
Bank loans and overdrafts | 960,864 | 760,416 | ||||||
Bank Loan | 80,000 | 80,000 | ||||||
Hire purchase | 26,614 | 35,325 | ||||||
Trade creditors | 514,321 | 610,814 | ||||||
Accruals | 37,495 | 8,879 | ||||||
1,685,297 | 1,565,584 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 160,000 | 240,000 | ||||||
Hire purchase >1yr | 13,843 | 40,456 | ||||||
173,843 | 280,456 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 31 | |||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2280 | 2280 | |||||||
2,280 | 2,280 | |||||||
Enfield Electrical Supplies Limited | ||||||||
9. SHARE PREMIUM ACCOUNT | 2023 | 2022 | ||||
£ | £ | |||||
Share premium account | 153,964 | 153,964 |
10. OTHER RESERVES | 2023 | 2022 | ||||
£ | £ | |||||
Capital redemption reserve | 2,280 | 2,280 | ||||
2,280 | 2,280 | |||||