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REGISTERED NUMBER: 07198701 (England and Wales)















Nash & Sons Electrical (Somerset) Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Nash & Sons Electrical (Somerset) Ltd (Registered number: 07198701)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Nash & Sons Electrical (Somerset) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R E Nash



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 07198701 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
25 Cornhill
Bridgwater
Somerset
TA6 3AY

Nash & Sons Electrical (Somerset) Ltd (Registered number: 07198701)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,686 9,137

CURRENT ASSETS
Stocks 261 660
Debtors 834 920
Cash at bank 31,890 23,397
32,985 24,977
CREDITORS
Amounts falling due within one year 15,925 13,207
NET CURRENT ASSETS 17,060 11,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,746

20,907

PROVISIONS FOR LIABILITIES 1,270 1,736
NET ASSETS 22,476 19,171

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 22,475 19,170
SHAREHOLDERS' FUNDS 22,476 19,171

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

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

Nash & Sons Electrical (Somerset) Ltd (Registered number: 07198701)

Abridged Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





R E Nash - Director


Nash & Sons Electrical (Somerset) Ltd (Registered number: 07198701)

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

1. STATUTORY INFORMATION

Nash & Sons Electrical (Somerset) Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

Turnover
Turnover represents invoices issued for the provision of electrical services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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

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 statement of financial position date.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Nash & Sons Electrical (Somerset) Ltd (Registered number: 07198701)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 16,733
DEPRECIATION
At 1 April 2023 7,596
Charge for year 2,451
At 31 March 2024 10,047
NET BOOK VALUE
At 31 March 2024 6,686
At 31 March 2023 9,137

6. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by it's director R E Nash, by virtue of the fact that he owns all the issued share capital.