Chris J Gunter Electrical Services Ltd 12305959 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is that of electrical services Digita Accounts Production Advanced 6.30.9574.0 true 12305959 2022-12-01 2023-11-30 12305959 2023-11-30 12305959 core:CurrentFinancialInstruments 2023-11-30 12305959 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 12305959 core:FurnitureFittings 2023-11-30 12305959 core:MotorVehicles 2023-11-30 12305959 bus:SmallEntities 2022-12-01 2023-11-30 12305959 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12305959 bus:FullAccounts 2022-12-01 2023-11-30 12305959 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12305959 bus:RegisteredOffice 2022-12-01 2023-11-30 12305959 bus:Director1 2022-12-01 2023-11-30 12305959 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12305959 core:FurnitureFittings 2022-12-01 2023-11-30 12305959 core:MotorVehicles 2022-12-01 2023-11-30 12305959 core:OfficeEquipment 2022-12-01 2023-11-30 12305959 core:ToolsEquipment 2022-12-01 2023-11-30 12305959 countries:EnglandWales 2022-12-01 2023-11-30 12305959 2022-11-30 12305959 core:FurnitureFittings 2022-11-30 12305959 core:MotorVehicles 2022-11-30 12305959 2021-12-01 2022-11-30 12305959 2022-11-30 12305959 core:CurrentFinancialInstruments 2022-11-30 12305959 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 12305959 core:FurnitureFittings 2022-11-30 12305959 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 12305959

Chris J Gunter Electrical Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Chris J Gunter Electrical Services Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Chris J Gunter Electrical Services Ltd

(Registration number: 12305959)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

17,661

8,592

Current assets

 

Debtors

6

64,972

115,473

Cash at bank and in hand

 

52,876

83,528

 

117,848

199,001

Creditors: Amounts falling due within one year

7

(45,202)

(82,896)

Net current assets

 

72,646

116,105

Total assets less current liabilities

 

90,307

124,697

Provisions for liabilities

(1,924)

(1,727)

Net assets

 

88,383

122,970

Capital and reserves

 

Called up share capital

10

10

Retained earnings

88,373

122,960

Shareholders' funds

 

88,383

122,970

 

Chris J Gunter Electrical Services Ltd

(Registration number: 12305959)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 April 2024 and signed on its behalf by:
 

.........................................
C Gunter
Director

 

Chris J Gunter Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Chris J Gunter Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Asset class

Depreciation method and rate

Tools and equipment

20% reducing balance basis

Motor vehicles

25% reducing balance basis

Office equipment

20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Chris J Gunter Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Taxation

2023

2022

£

£

Corporation tax

7,753

19,348

Deferred tax

197

(23)

7,950

19,325

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Chris J Gunter Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Tangible assets

Tools and equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

4,547

11,500

16,047

Additions

412

11,650

12,062

At 30 November 2023

4,959

23,150

28,109

Depreciation

At 1 December 2022

942

6,513

7,455

Charge for the year

776

2,217

2,993

At 30 November 2023

1,718

8,730

10,448

Carrying amount

At 30 November 2023

3,241

14,420

17,661

At 30 November 2022

3,605

4,987

8,592

6

Debtors

Current

2023
£

2022
£

Trade debtors

39,547

76,279

Other debtors

25,425

39,194

 

64,972

115,473

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

20,476

55,340

Taxation and social security

7,675

19,348

Other creditors

17,051

8,208

45,202

82,896

 

Chris J Gunter Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Related party transactions

Other transactions with directors
C Gunter had a loan with the company. At the balance sheet date the amount due to C Gunter was
£5,323 (2022 £8,094).

A Vitale had a loan with the company. At the balance sheet date the amount due to A Vitale was
£11,728 (2022 £0.00).