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Company Registration No. 12630036 (England and Wales)
88 ELECTRICAL LTD Unaudited accounts for the year ended 31 May 2024
88 ELECTRICAL LTD Unaudited accounts Contents
Page
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88 ELECTRICAL LTD Company Information for the year ended 31 May 2024
Director
Dat Alan Ly
Company Number
12630036 (England and Wales)
Registered Office
19 Carnecke Garden Eltham London SE9 6EY UNITED KINGDOM
Accountants
Anme Chow MoneyTree Financial 215 Charlton Crescent Barking Essex IG11 0NH
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88 ELECTRICAL LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,260 
5,161 
Current assets
Cash at bank and in hand
30,374 
13,244 
Creditors: amounts falling due within one year
(6,184)
(398)
Net current assets
24,190 
12,846 
Total assets less current liabilities
27,450 
18,007 
Creditors: amounts falling due after more than one year
(16,000)
(16,000)
Net assets
11,450 
2,007 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
11,449 
2,006 
Shareholders' funds
11,450 
2,007 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Dat Alan Ly Director Company Registration No. 12630036
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88 ELECTRICAL LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
88 ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12630036. The registered office is 19 Carnecke Garden, Eltham, London, SE9 6EY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 year straight line basis
Computer equipment
3 years straight line basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
12,388 
12,388 
Additions
866 
- 
866 
At 31 May 2024
866 
12,388 
13,254 
Depreciation
At 1 June 2023
- 
7,227 
7,227 
Charge for the year
289 
2,478 
2,767 
At 31 May 2024
289 
9,705 
9,994 
Net book value
At 31 May 2024
577 
2,683 
3,260 
At 31 May 2023
- 
5,161 
5,161 
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88 ELECTRICAL LTD Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
(631)
Taxes and social security
6,161 
1,029 
Other creditors
4 
- 
Loans from directors
19 
- 
6,184 
398 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
16,000 
16,000 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dat Alan Ly
Loans to director
(16,000)
25,395 
- 
9,395 
(16,000)
25,395 
- 
9,395 
Loans to directors are interest free and do not have a maturity date.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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