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REGISTERED NUMBER: 04237481















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Darren Wilkins Electrical Contractors
Limited

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Darren Wilkins Electrical Contractors
Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs S J Wilkins
D Wilkins





SECRETARY: Mrs S J Wilkins





REGISTERED OFFICE: Coombend
Radstock
BA3 3AS





REGISTERED NUMBER: 04237481





ACCOUNTANTS: Nigelmarks Ltd
North Lodge
South Horrington
Wells
Somerset
BA5 3DZ

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,173 152,154

CURRENT ASSETS
Stocks 11,400 40,019
Debtors 5 301,351 224,275
Prepayments and accrued income 7,348 4,466
Cash at bank and in hand 486,990 363,163
807,089 631,923
CREDITORS
Amounts falling due within one year 6 200,461 184,738
NET CURRENT ASSETS 606,628 447,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,801

599,339

CREDITORS
Amounts falling due after more than
one year

7

(30,372

)

(53,269

)

PROVISIONS FOR LIABILITIES (27,758 ) (27,276 )
NET ASSETS 673,671 518,794

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 673,571 518,694
673,671 518,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Balance Sheet - continued
29 February 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 20 August 2024 and were signed on its behalf by:





D Wilkins - Director


Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Darren Wilkins Electrical Contractors Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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 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.

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 24 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 33,692 57,393 12,150
Additions - 6,326 5,300
At 29 February 2024 33,692 63,719 17,450
DEPRECIATION
At 1 March 2023 26,530 50,607 3,038
Charge for year 3,369 3,278 3,603
At 29 February 2024 29,899 53,885 6,641
NET BOOK VALUE
At 29 February 2024 3,793 9,834 10,809
At 28 February 2023 7,162 6,786 9,112

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 273,118 29,828 406,181
Additions - 5,221 16,847
At 29 February 2024 273,118 35,049 423,028
DEPRECIATION
At 1 March 2023 151,169 22,683 254,027
Charge for year 30,487 3,091 43,828
At 29 February 2024 181,656 25,774 297,855
NET BOOK VALUE
At 29 February 2024 91,462 9,275 125,173
At 28 February 2023 121,949 7,145 152,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 234,920 208,490
Other debtors 66,431 15,785
301,351 224,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,821 6,821
Finance leases 16,077 16,077
Trade creditors 102,545 120,345
Taxation and social security 61,818 31,580
Other creditors 13,200 9,915
200,461 184,738

Darren Wilkins Electrical Contractors
Limited (Registered number: 04237481)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,094 15,914
Finance leases 21,278 37,355
30,372 53,269

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
D Wilkins
Balance outstanding at start of year (703 ) -
Amounts advanced 47,406 37,797
Amounts repaid (40,545 ) (38,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,158 (703 )

Mrs S J Wilkins
Balance outstanding at start of year - -
Amounts advanced 45,113 -
Amounts repaid (38,955 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,158 -