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Company registration number: 12713917
Somerset Electrical Company Ltd
Unaudited filleted financial statements
31 March 2024
Somerset Electrical Company Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Somerset Electrical Company Ltd
Directors and other information
Directors Mr Daniel Watson
Mr Felix Fisher
Company number 12713917
Registered office 47 Oak Apple Drive
Wembdon
Bridgwater
Somerset
TA6 3UW
Accountants Michael J Dodden & Co.
34 North Street
Bridgwater
Somerset
TA6 3YD
Somerset Electrical Company Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Somerset Electrical Company Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Somerset Electrical Company Ltd for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Somerset Electrical Company Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Somerset Electrical Company Ltd and state those matters that we have agreed to state to the board of directors of Somerset Electrical Company Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Somerset Electrical Company Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Somerset Electrical Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Somerset Electrical Company Ltd. You consider that Somerset Electrical Company Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Somerset Electrical Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Michael J Dodden & Co.
Chartered Certified
34 North Street
Bridgwater
Somerset
TA6 3YD
Somerset Electrical Company Ltd
Statement of financial position
31 March 2024
2024 2023
£ £ £ £
Fixed assets 66,109 42,759
_______ _______
Current assets 76,017 75,126
Prepayments and accrued income 4,111 6,163
_______ _______
80,128 81,289
Creditors: amounts falling due within one year ( 46,707) ( 39,121)
_______ _______
Net current assets 33,421 42,168
_______ _______
Total assets less current liabilities 99,530 84,927
Creditors: amounts falling due after more than one year ( 48,751) ( 29,751)
Provisions for liabilities ( 11,509) ( 7,073)
Accruals and deferred income ( 7,477) ( 15,166)
_______ _______
Net assets 31,793 32,937
_______ _______
Capital and reserves 31,793 32,937
_______ _______
Somerset Electrical Company Ltd
Year ended 31 March 2024
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 5 ).
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 13 June 2024 , and are signed on behalf of the board by:
Mr Daniel Watson Mr Felix Fisher
Director Director
Company registration number: 12713917
The company is a private company limited by shares, registered in England & Wales.