Company Registration No. 02448681 (England and Wales)
Sandford Electrical Services Limited
Unaudited accounts
for the year ended 31 March 2024
Sandford Electrical Services Limited
Unaudited accounts
Contents
Sandford Electrical Services Limited
Company Information
for the year ended 31 March 2024
Company Number
02448681 (England and Wales)
Registered Office
Brightwell Grange
Britwell Road Burnham
Slough
SL1 8DF
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Sandford Electrical Services Limited
Statement of financial position
as at 31 March 2024
Tangible assets
56,497
65,860
Cash at bank and in hand
639,089
563,582
Creditors: amounts falling due within one year
(319,910)
(424,135)
Net current assets
689,387
516,481
Total assets less current liabilities
745,884
582,341
Creditors: amounts falling due after more than one year
-
(5,831)
Provisions for liabilities
Deferred tax
(11,143)
(13,293)
Net assets
734,741
563,217
Called up share capital
260
260
Profit and loss account
734,481
562,957
Shareholders' funds
734,741
563,217
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. 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 22 August 2024 and were signed on its behalf by
David Man
Director
Company Registration No. 02448681
Sandford Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2024
Sandford Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02448681. The registered office is Brightwell Grange, Britwell Road Burnham, Slough, SL1 8DF, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
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.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Sandford Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2024
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
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
197,849
12,250
100,804
10,745
321,648
Additions
-
-
2,466
5,856
8,322
Disposals
-
(12,250)
-
-
(12,250)
At 31 March 2024
197,849
-
103,270
16,601
317,720
At 1 April 2023
160,537
11,956
81,314
1,981
255,788
Charge for the year
9,328
57
5,013
3,050
17,448
On disposals
-
(12,013)
-
-
(12,013)
At 31 March 2024
169,865
-
86,327
5,031
261,223
At 31 March 2024
27,984
-
16,943
11,570
56,497
At 31 March 2023
37,312
294
19,490
8,764
65,860
Amounts falling due within one year
Trade debtors
209,900
308,425
Accrued income and prepayments
109,322
30,411
Other debtors
35,986
23,198
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,831
22,703
Trade creditors
202,714
301,837
Taxes and social security
81,325
57,840
Other creditors
20,766
31,196
6
Creditors: amounts falling due after more than one year
2024
2023
Sandford Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
200 Ordinary A shares of £1 each
200
200
45 Ordinary B shares of £1 each
45
45
15 Ordinary C shares of £1 each
15
15
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
23,198
35,359
24,000
34,557
23,198
35,359
24,000
34,557
The loan to the director was repaid within 9months of the year-end. Interest has been charged at the official HMRC rate.
9
Transactions with related parties
During the year the director charged the company £32,800 (2023 - £30,000) for rent of the business premises.
10
Average number of employees
During the year the average number of employees was 8 (2023: 7).