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Company Registration No. 07869851 (England and Wales)
Assured Electrical Services (Staffs) Ltd Unaudited accounts for the year ended 31 December 2023
Assured Electrical Services (Staffs) Ltd Unaudited accounts Contents
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Assured Electrical Services (Staffs) Ltd Company Information for the year ended 31 December 2023
Directors
Justin Porter James Steele
Company Number
07869851 (England and Wales)
Registered Office
56 Derek Drive Sneyd Green Stoke-on-Trent Staffordshire ST1 6BY England
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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Assured Electrical Services (Staffs) Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,500 
28,060 
Current assets
Inventories
8,450 
8,150 
Debtors
1,611 
10,783 
Cash at bank and in hand
4,063 
- 
14,124 
18,933 
Creditors: amounts falling due within one year
(19,106)
(20,123)
Net current liabilities
(4,982)
(1,190)
Total assets less current liabilities
20,518 
26,870 
Creditors: amounts falling due after more than one year
(15,523)
(21,517)
Provisions for liabilities
Deferred tax
(4,845)
(5,331)
Net assets
150 
22 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
148 
20 
Shareholders' funds
150 
22 
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 directors acknowledge their 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 of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by
Justin Porter Director Company Registration No. 07869851
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Assured Electrical Services (Staffs) Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Assured Electrical Services (Staffs) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07869851. The registered office is 56 Derek Drive, Sneyd Green, Stoke-on-Trent, Staffordshire, ST1 6BY, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets where applicable.
Presentation currency
The accounts are presented in £ sterling.
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 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
15% reducing balance method.
Motor vehicles
20% reducing balance (no depreciation YE 31/12/22 as motor vehicles value has appreciated)
Computer equipment
15% reducing balance method.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Assured Electrical Services (Staffs) Ltd Notes to the Accounts for the year ended 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
11,328 
33,900 
4,654 
49,882 
At 31 December 2023
11,328 
33,900 
4,654 
49,882 
Depreciation
At 1 January 2023
6,268 
12,900 
2,654 
21,822 
Charge for the year
460 
1,800 
300 
2,560 
At 31 December 2023
6,728 
14,700 
2,954 
24,382 
Net book value
At 31 December 2023
4,600 
19,200 
1,700 
25,500 
At 31 December 2022
5,060 
21,000 
2,000 
28,060 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
175 
521 
Trade debtors
1,436 
10,262 
1,611 
10,783 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2,192 
Obligations under finance leases and hire purchase contracts
- 
344 
Trade creditors
783 
324 
Taxes and social security
17,532 
16,581 
Loans from directors
191 
82 
Accruals
600 
600 
19,106 
20,123 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,523 
21,517 
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Assured Electrical Services (Staffs) Ltd Notes to the Accounts for the year ended 31 December 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
4,845 
5,331 
2023 
2022 
£ 
£ 
Provision at start of year
5,331 
6,441 
Credited to the profit and loss account
(486)
(1,110)
Provision at end of year
4,845 
5,331 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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