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
88 ELECTRICAL LTD
Company Information
for the year ended 31 May 2024
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
88 ELECTRICAL LTD
Statement of financial position
as at 31 May 2024
Tangible assets
3,260
5,161
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)
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
88 ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 May 2024
866
12,388
13,254
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
At 31 May 2024
577
2,683
3,260
At 31 May 2023
-
5,161
5,161
88 ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,161
1,029
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
16,000
16,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to director
(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).