NB Electricial Limited


FINANCIAL STATEMENTS


for the year ended 31st March 2024



NB Electricial Limited

CONTENTS

for the year ended 31st March 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

NB Electricial Limited

Company No. 09024005

STATEMENT OF FINANCIAL POSITION

as at 31st March 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment435604449
35604449
CURRENT ASSETS
Debtors52527225062
Cash at bank and in hand43354268
2960729330
CURRENT LIABILITIES
Creditors: amounts falling due
within one year63309033728
NET CURRENT LIABILITIES(3483)(4398)
TOTAL ASSETS LESS CURRENT LIABILITIES7751
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS7751
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings7650
SHAREHOLDERS FUNDS7751

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st March 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 1 August 2024


N Bassett

Director

Company Number 09024005 (England)

NB Electricial Limited

NOTES TO THE ACCOUNTS

for the year ended 31st March 2024


1   Statutory information

NB Electricial Limited is a private company limited by shares and registered under company number 09024005 in England. Its registered office address is 49 Clovelly Place, Greenhithe, Kent. DA9 9FB.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2023 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st April 2023 and
At 31st March 2024229501347142225719
 
Depreciation
At 1st April 2023 19340795113521270
Charge for year72211057889
At 31st March 202420062905119222159
 
Net Book Value
At 31st March 202428884422303560
At 31st March 202336105522874449

5   Debtors20242023
££
 
Trade Debtors1689169
Other debtors2334124651
Prepayments and accrued income242242
2527225062

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts59949204
Corporation tax50002500
Other creditors62366164
Accruals and deferred income1586015860
3309033728

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