Company Registration No. 09901507 (England and Wales)
HCG Electricals Ltd
Unaudited accounts
for the year ended 31 December 2023
HCG Electricals Ltd
Unaudited accounts
Contents
HCG Electricals Ltd
Company Information
for the year ended 31 December 2023
Company Number
09901507 (England and Wales)
Registered Office
214 Baker Street
Enfield
London
EN1 3JT
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
HCG Electricals Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
10,065
10,742
Cash at bank and in hand
59,953
36,788
Creditors: amounts falling due within one year
(21,827)
(3,470)
Net current assets
38,126
33,318
Total assets less current liabilities
48,191
44,060
Creditors: amounts falling due after more than one year
(4,553)
(4,353)
Called up share capital
1
1
Profit and loss account
43,637
39,706
Shareholders' funds
43,638
39,707
For the year ending 31 December 2023 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 16 August 2024 and were signed on its behalf by
Mr H C Gabbidon
Director
Company Registration No. 09901507
HCG Electricals Ltd
Notes to the Accounts
for the year ended 31 December 2023
HCG Electricals Ltd is a private company, limited by shares, registered in England and Wales, registration number 09901507. The registered office is 214 Baker Street, Enfield, London, EN1 3JT, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18% - reducing line method
Motor vehicles
6% - reducing line method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
590
11,856
12,446
At 31 December 2023
590
11,856
12,446
At 1 January 2023
324
1,380
1,704
Charge for the year
48
629
677
At 31 December 2023
372
2,009
2,381
At 31 December 2023
218
9,847
10,065
At 31 December 2022
266
10,476
10,742
HCG Electricals Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,800
1,800
Taxes and social security
1,520
992
Loans from directors
18,507
678
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Included within other creditors is an amount of £18,507 (2022;£678) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).