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REGISTERED NUMBER: 14466407 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ULYETT ELECTRICAL SERVICES LTD

ULYETT ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 14466407)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


ULYETT ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 14466407)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
Fixed assets
Tangible assets 4 15,111

Current assets
Stocks 1,693
Debtors 5 5,395
Cash at bank 5,497
12,585
Creditors
Amounts falling due within one year 6 10,678
Net current assets 1,907
Total assets less current liabilities 17,018

Provisions for liabilities 7 164
Net assets 16,854

Capital and reserves
Called up share capital 8 100
Retained earnings 16,754
Shareholders' funds 16,854

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 director acknowledges his 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.

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





Mr D L Ulyett - Director


ULYETT ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 14466407)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Ulyett Electrical Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14466407. The registered office is 7 & 8 Church Street, Wimborne, Dorset, England, BH21 1JH and business address is 2 Westfield Close, Wimborne, BH21 1ES.

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 electrical installation services, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 .

ULYETT ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 14466407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
Additions 3,000 1,000 15,000 1,148 20,148
At 31 March 2024 3,000 1,000 15,000 1,148 20,148
Depreciation
Charge for year 750 250 3,750 287 5,037
At 31 March 2024 750 250 3,750 287 5,037
Net book value
At 31 March 2024 2,250 750 11,250 861 15,111

5. Debtors: amounts falling due within one year
£   
Trade debtors 1,728
Other debtors 1,928
Directors' current accounts 1,044
Prepayments 695
5,395

6. Creditors: amounts falling due within one year
£   
Trade creditors 2,869
Tax 4,950
VAT 879
Accruals and deferred income 1,980
10,678

7. Provisions for liabilities
£   
Deferred tax 164

Deferred
tax
£   
Provided during year 164
Balance at 31 March 2024 164

ULYETT ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 14466407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 31 March 2024:

£   
Mr D L Ulyett
Balance outstanding at start of year -
Amounts advanced 1,044
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of year 1,044

At the balance sheet date the Director, Mr Darren Ulyett, owed the company £1,044. The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

10. Ultimate controlling party

The Company is under the control of the Director, by virtue of his 100% holding of the issued voting share capital of the Company.