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REGISTERED NUMBER: 09316069 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

K W Electrical Contractors Ltd

K W Electrical Contractors Ltd (Registered number: 09316069)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K W Electrical Contractors Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: K A Weaver
Mrs L Weaver





REGISTERED OFFICE: 21 Mersey View
Waterloo
Liverpool
Merseyside
L22 6QA





REGISTERED NUMBER: 09316069 (England and Wales)





ACCOUNTANTS: Sawyer Quine & Co
202 Merlin Park
Ringtail Road
Burscough
Ormskirk
Lancashire
L40 8JY

K W Electrical Contractors Ltd (Registered number: 09316069)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,493 24,308

CURRENT ASSETS
Debtors 5 60,750 181,312
Cash at bank 65,571 54,346
126,321 235,658
CREDITORS
Amounts falling due within one year 6 63,342 137,251
NET CURRENT ASSETS 62,979 98,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,472

122,715

CREDITORS
Amounts falling due after more than one
year

7

(21,249

)

(25,833

)

PROVISIONS FOR LIABILITIES 8 (6,847 ) (4,619 )
NET ASSETS 70,376 92,263

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 70,374 92,261
SHAREHOLDERS' FUNDS 70,376 92,263

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

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

K W Electrical Contractors Ltd (Registered number: 09316069)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





K A Weaver - Director


K W Electrical Contractors Ltd (Registered number: 09316069)

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

1. STATUTORY INFORMATION

K W Electrical Contractors Ltd 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 - 20% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 9 ) .

K W Electrical Contractors Ltd (Registered number: 09316069)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 40,627
Additions 16,950
At 30 November 2023 57,577
DEPRECIATION
At 1 December 2022 16,319
Charge for year 5,765
At 30 November 2023 22,084
NET BOOK VALUE
At 30 November 2023 35,493
At 30 November 2022 24,308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 60,750 181,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,500 -
Trade creditors 9,810 47,860
Taxation and social security 33,050 56,620
Other creditors 7,982 22,771
63,342 137,251

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 5,416 -
21,249 25,833

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 6,847 4,619

K W Electrical Contractors Ltd (Registered number: 09316069)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 4,619
Accelerated capital allowances 2,228
Balance at 30 November 2023 6,847

9. RELATED PARTY DISCLOSURES

Included within Creditors: - amounts falling due within one year is £2,536 (2022: - £16,406) in respect of the balances on the directors' loan accounts. The directors' loans are provided to the company by the directors on an interest free basis and are repayable on demand.