1 April 2023 v2024.38.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP115639612023-04-012024-03-31115639612024-03-31115639612023-03-3111563961core:WithinOneYear2024-03-3111563961core:WithinOneYear2023-03-3111563961core:AfterOneYear2024-03-3111563961core:AfterOneYear2023-03-3111563961core:ShareCapital2024-03-3111563961core:ShareCapital2023-03-3111563961core:RetainedEarningsAccumulatedLosses2024-03-3111563961core:RetainedEarningsAccumulatedLosses2023-03-3111563961bus:Director12023-04-012024-03-3111563961bus:RegisteredOffice2023-04-012024-03-3111563961core:PlantMachinery2023-04-012024-03-3111563961core:OfficeEquipment2023-04-012024-03-31115639612022-04-012023-03-3111563961core:PlantMachinery2024-03-3111563961core:PlantMachinery2023-04-0111563961core:PlantMachinery2023-03-311156396112023-04-012024-03-3111563961countries:EnglandWales2023-04-012024-03-3111563961bus:AuditExemptWithAccountantsReport2023-04-012024-03-3111563961bus:PrivateLimitedCompanyLtd2023-04-012024-03-3111563961bus:SmallEntities2023-04-012024-03-3111563961bus:FullAccounts2023-04-012024-03-31
Company registration number:
11563961
Humber Electrical Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Humber Electrical Ltd
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,007
 
3,018
 
Current assets    
Debtors 6
1,418
 
15,134
 
Cash at bank and in hand
16,618
 
30,059
 
18,036
 
45,193
 
Creditors: amounts falling due within one year 7
(10,234
)
(34,910
)
Net current assets
7,802
 
10,283
 
Total assets less current liabilities 8,809   13,301  
Creditors: amounts falling due after more than one year 8
(7,423
)
(8,776
)
Provisions for liabilities -  
(276
)
Net assets
1,386
 
4,249
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
1,385
 
4,248
 
Shareholders funds
1,386
 
4,249
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 August 2024
, and are signed on behalf of the board by:
Mr N R G Sharp
Director
Company registration number:
11563961
Humber Electrical Ltd
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
6 Carrington Drive
,
Humberston
,
Grimsby
,
North East Lincolnshire
,
DN36 4XF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
20% straight line
Office equipment
25% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
and
31 March 2024
14,782
 
Depreciation  
At
1 April 2023
11,764
 
Charge
2,011
 
At
31 March 2024
13,775
 
Carrying amount  
At
31 March 2024
1,007
 
At 31 March 2023
3,018
 

6 Debtors

20242023
££
Trade debtors
1,142
 
1,147
 
Other debtors
276
 
13,987
 
1,418
 
15,134
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
1,321
 
1,289
 
Taxation and social security
7,527
 
8,256
 
Other creditors
1,386
 
25,365
 
10,234
 
34,910
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
7,423
 
8,776