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REGISTERED NUMBER: 03520752 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Frederick Thomas
Electrical and Maintenance Limited

Frederick Thomas
Electrical and Maintenance Limited (Registered number: 03520752)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frederick Thomas
Electrical and Maintenance Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D J Charlesworth
Ms C Charlesworth
G Charlesworth





SECRETARY: D Collins





REGISTERED OFFICE: 39 Belmont Road
Erith
Kent
DA8 1JY





REGISTERED NUMBER: 03520752 (England and Wales)





ACCOUNTANTS: Beauchamp Charles Chartered Accountants
145a Ashley Road
Hale
Altrincham
Cheshire
WA14 2UW

Frederick Thomas
Electrical and Maintenance Limited (Registered number: 03520752)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,173 114,647

CURRENT ASSETS
Stocks 154,323 12,358
Debtors 5 5,140,397 4,904,848
Cash at bank 87,312 420,524
5,382,032 5,337,730
CREDITORS
Amounts falling due within one year 6 456,138 659,676
NET CURRENT ASSETS 4,925,894 4,678,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,084,067

4,792,701

PROVISIONS FOR LIABILITIES 33,664 15,934
NET ASSETS 5,050,403 4,776,767

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 5,050,223 4,776,587
SHAREHOLDERS' FUNDS 5,050,403 4,776,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Frederick Thomas
Electrical and Maintenance Limited (Registered number: 03520752)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





D J Charlesworth - Director


Frederick Thomas
Electrical and Maintenance Limited (Registered number: 03520752)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Frederick Thomas Electrical and Maintenance 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 represents net invoiced sales of work carried out on contracts to date, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Work in progress and long term contracts
Work in progress comprises direct materials, labour costs, site overheads and associated professional charges and other attributable overheads incurred, net of amounts transferred to the profit and loss account, in respect of work carried out to date, less foreseeable losses and applicable payments on account.

Cumulative turnover of each contract is compared with total payments on account. If turnover exceeds payments on account an 'amount recoverable on contracts' is established and disclosed within debtors. If payments on account are greater than turnover to date, the excess is classified as a deduction from any balance on that contract in stock, with any residual balance in excess of cost being classified with creditors.

Frederick Thomas
Electrical and Maintenance Limited (Registered number: 03520752)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Critical accounting judgements and key sources of estimation uncertainty
The key sources of estimation uncertainty at the balance sheet date are:

Work in progress

Valuations which include an estimation of costs to complete and remaining revenues are carried out at regular intervals throughout the year. These assessments include a degree of inherent uncertainty when estimating the profitability of a project and in assessing any impairment provisions which may be required.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 327,905 8,630 336,535
Additions 114,599 - 114,599
Disposals (97,095 ) - (97,095 )
At 31 March 2024 345,409 8,630 354,039
DEPRECIATION
At 1 April 2023 216,468 5,420 221,888
Charge for year 69,860 1,213 71,073
Eliminated on disposal (97,095 ) - (97,095 )
At 31 March 2024 189,233 6,633 195,866
NET BOOK VALUE
At 31 March 2024 156,176 1,997 158,173
At 31 March 2023 111,437 3,210 114,647

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 272,039 650,670
Other debtors 4,868,358 4,254,178
5,140,397 4,904,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,994 27,612
Trade creditors 181,973 290,298
Taxation and social security 172,268 229,908
Other creditors 91,903 111,858
456,138 659,676