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REGISTERED NUMBER: 00448128 (England and Wales)















J.Taylor (Electrical Contractors)
Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






J.Taylor (Electrical Contractors)
Limited (Registered number: 00448128)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J.Taylor (Electrical Contractors)
Limited

Company Information
for the Year Ended 31 January 2024







Director: Paul Hibbert





Secretary: Hilary Hibbert





Registered office: 590 Tonge Moor Road
Bolton
Greater Manchester
BL2 3BJ





Registered number: 00448128 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

J.Taylor (Electrical Contractors)
Limited (Registered number: 00448128)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 906 1,208

Current assets
Stocks 11,939 11,660
Debtors 5 43,436 35,069
Cash at bank and in hand 53,922 49,973
109,297 96,702
Creditors
Amounts falling due within one year 6 71,328 68,271
Net current assets 37,969 28,431
Total assets less current liabilities 38,875 29,639

Provisions for liabilities 7 227 302
Net assets 38,648 29,337

Capital and reserves
Called up share capital 8 1,800 1,800
Retained earnings 36,848 27,537
Shareholders' funds 38,648 29,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

J.Taylor (Electrical Contractors)
Limited (Registered number: 00448128)

Statement of Financial Position - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 July 2024 and were signed by:





Paul Hibbert - Director


J.Taylor (Electrical Contractors)
Limited (Registered number: 00448128)

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

1. Statutory information

J.Taylor (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 receivable for electrical contracting services rendered, net of discounts and 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.
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


J.Taylor (Electrical Contractors)
Limited (Registered number: 00448128)

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

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2023 - 6 ) .

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 February 2023
and 31 January 2024 7,088 6,583 13,671
Depreciation
At 1 February 2023 7,088 5,375 12,463
Charge for year - 302 302
At 31 January 2024 7,088 5,677 12,765
Net book value
At 31 January 2024 - 906 906
At 31 January 2023 - 1,208 1,208

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 40,761 32,043
Other debtors 2,675 3,026
43,436 35,069

J.Taylor (Electrical Contractors)
Limited (Registered number: 00448128)

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

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 6,501 20,137
Amounts owed to group undertakings 43,613 33,907
Taxation and social security 17,242 10,875
Other creditors 3,972 3,352
71,328 68,271

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 227 302

Deferred
tax
£   
Balance at 1 February 2023 302
Credit to Statement of Income and Retained Earnings during year (75 )
Balance at 31 January 2024 227

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,800 Ordinary 1 1,800 1,800