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REGISTERED NUMBER: 13621592 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

WF Electrical Services Limited

WF Electrical Services Limited (Registered number: 13621592)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WF Electrical Services Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J Wheeler
G E Flippance





REGISTERED OFFICE: 50 Cossor Road
Pewsey
Wiltshire
SN9 5HX





REGISTERED NUMBER: 13621592 (England and Wales)

WF Electrical Services Limited (Registered number: 13621592)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,200 13,298

CURRENT ASSETS
Stocks 10,189 7,159
Debtors 5 11,246 2,994
Cash at bank 11,100 22,814
32,535 32,967
CREDITORS
Amounts falling due within one year 6 34,866 35,121
NET CURRENT LIABILITIES (2,331 ) (2,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,869

11,144

PROVISIONS FOR LIABILITIES 1,800 2,527
NET ASSETS 3,069 8,617

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,969 8,517
3,069 8,617

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

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

WF Electrical Services Limited (Registered number: 13621592)

Balance Sheet - continued
30 September 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 31 July 2024 and were signed on its behalf by:




J Wheeler - Director



G E Flippance - Director


WF Electrical Services Limited (Registered number: 13621592)

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

1. STATUTORY INFORMATION

WF 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 and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values
Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Plant and machinery 20% Straight Line
Computer equipment 20% Straight Line
Motor vehicles 25% Reducing Balance

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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


WF Electrical Services Limited (Registered number: 13621592)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount expected to be paid to the tax authorities.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only 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 tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 3,105 13,251 1,095 17,451
Additions 1,148 - - 1,148
Disposals - (6,563 ) - (6,563 )
At 30 September 2023 4,253 6,688 1,095 12,036
DEPRECIATION
At 1 October 2022 621 3,313 219 4,153
Charge for year 851 1,254 219 2,324
Eliminated on disposal - (1,641 ) - (1,641 )
At 30 September 2023 1,472 2,926 438 4,836
NET BOOK VALUE
At 30 September 2023 2,781 3,762 657 7,200
At 30 September 2022 2,484 9,938 876 13,298

WF Electrical Services Limited (Registered number: 13621592)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,543 2,664
VAT 2,433 -
Prepayments and accrued income 270 330
11,246 2,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 12,861 7,124
Social security and other taxes (9,232 ) (8,122 )
VAT - 384
Other creditors 20,000 20,000
Directors' current accounts 8,917 12,985
Accruals and deferred income 2,320 2,750
34,866 35,121