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REGISTERED NUMBER: 04409914 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AC Webb (Electrical Contractors) Limited

AC Webb (Electrical Contractors) Limited (Registered number: 04409914)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AC Webb (Electrical Contractors) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Webb
Mrs P Webb
J Webb





SECRETARY: M Webb





REGISTERED OFFICE: Opus House
Elm Farm Park
Great Green
Bury St Edmunds
Suffolk
IP31 3SH





REGISTERED NUMBER: 04409914 (England and Wales)





ACCOUNTANTS: Sarah Place Accountants Ltd
Unit 4b
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS

AC Webb (Electrical Contractors) Limited (Registered number: 04409914)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,166 167,613

CURRENT ASSETS
Stocks 17,600 17,600
Debtors 5 926,209 788,089
Cash at bank and in hand 194,384 249,014
1,138,193 1,054,703
CREDITORS
Amounts falling due within one year 6 502,904 483,545
NET CURRENT ASSETS 635,289 571,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

886,455

738,771

CREDITORS
Amounts falling due after more than one
year

7

(24,981

)

(30,833

)

PROVISIONS FOR LIABILITIES (48,207 ) (31,717 )
NET ASSETS 813,267 676,221

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 808,267 671,221
SHAREHOLDERS' FUNDS 813,267 676,221

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 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.

AC Webb (Electrical Contractors) Limited (Registered number: 04409914)

Balance Sheet - continued
31 March 2024


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 25 July 2024 and were signed on its behalf by:




J Webb - Director



A Webb - Director


AC Webb (Electrical Contractors) Limited (Registered number: 04409914)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

AC Webb (Electrical Contractors) Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AC Webb (Electrical Contractors) Limited (Registered number: 04409914)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 19 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 320,878
Additions 167,023
At 31 March 2024 487,901
DEPRECIATION
At 1 April 2023 153,265
Charge for year 83,470
At 31 March 2024 236,735
NET BOOK VALUE
At 31 March 2024 251,166
At 31 March 2023 167,613

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 254,879
Additions 108,096
At 31 March 2024 362,975
DEPRECIATION
At 1 April 2023 99,027
Charge for year 65,981
At 31 March 2024 165,008
NET BOOK VALUE
At 31 March 2024 197,967
At 31 March 2023 155,852

AC Webb (Electrical Contractors) Limited (Registered number: 04409914)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 827,320 776,651
Amounts owed by associates 50,000 -
Other debtors 48,889 11,438
926,209 788,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 21,667 31,667
Hire purchase contracts 35,894 36,289
Trade creditors 249,153 230,838
Taxation and social security 119,087 129,455
Other creditors 77,103 55,296
502,904 483,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 24,981 30,833

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Webb
Balance outstanding at start of year (18,585 ) (5,586 )
Amounts advanced 17,946 -
Amounts repaid - (12,999 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (639 ) (18,585 )

Mrs P Webb
Balance outstanding at start of year (20,376 ) (7,018 )
Amounts advanced 20,373 -
Amounts repaid - (13,358 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3 ) (20,376 )

AC Webb (Electrical Contractors) Limited (Registered number: 04409914)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Webb
Balance outstanding at start of year (595 ) (32,559 )
Amounts advanced - 31,964
Amounts repaid (57,922 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (58,517 ) (595 )