IRIS Accounts Production v24.2.0.383 13022298 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130222982022-11-30130222982023-11-30130222982022-12-012023-11-30130222982021-11-30130222982021-12-012022-11-30130222982022-11-3013022298ns15:EnglandWales2022-12-012023-11-3013022298ns14:PoundSterling2022-12-012023-11-3013022298ns10:Director12022-12-012023-11-3013022298ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013022298ns10:SmallEntities2022-12-012023-11-3013022298ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013022298ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013022298ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013022298ns10:FullAccounts2022-12-012023-11-3013022298ns10:RegisteredOffice2022-12-012023-11-3013022298ns5:CurrentFinancialInstruments2023-11-3013022298ns5:CurrentFinancialInstruments2022-11-3013022298ns5:Non-currentFinancialInstruments2023-11-3013022298ns5:Non-currentFinancialInstruments2022-11-3013022298ns5:ShareCapital2023-11-3013022298ns5:ShareCapital2022-11-3013022298ns5:RetainedEarningsAccumulatedLosses2023-11-3013022298ns5:PlantMachinery2022-12-012023-11-3013022298ns5:MotorVehicles2022-12-012023-11-3013022298ns5:ComputerEquipment2022-12-012023-11-3013022298ns5:PlantMachinery2022-11-3013022298ns5:MotorVehicles2022-11-3013022298ns5:ComputerEquipment2022-11-3013022298ns5:PlantMachinery2023-11-3013022298ns5:MotorVehicles2023-11-3013022298ns5:ComputerEquipment2023-11-3013022298ns5:PlantMachinery2022-11-3013022298ns5:MotorVehicles2022-11-3013022298ns5:ComputerEquipment2022-11-3013022298ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013022298ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3013022298ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-3013022298ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-30
REGISTERED NUMBER: 13022298 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

SRL Switchgear Ltd

SRL Switchgear Ltd (Registered number: 13022298)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SRL Switchgear Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: L A Dent





REGISTERED OFFICE: 27 Cromwell Lane
Northfield
Birmingham
B31 1AB





REGISTERED NUMBER: 13022298 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sanding Road
Hythe
Kent
CT21 4HE

SRL Switchgear Ltd (Registered number: 13022298)

Statement of Financial Position
30 November 2023

30/11/23 30/11/22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,178 80,069

CURRENT ASSETS
Debtors 5 6,000 23,112
Cash at bank and in hand 24,621 20,982
30,621 44,094
CREDITORS
Amounts falling due within one year 6 24,310 19,565
NET CURRENT ASSETS 6,311 24,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,489

104,598

CREDITORS
Amounts falling due after more than one
year

7

-

(40,000

)

PROVISIONS FOR LIABILITIES (21,262 ) (12,172 )
NET ASSETS 83,227 52,426

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 83,225 52,424
83,227 52,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

SRL Switchgear Ltd (Registered number: 13022298)

Statement of Financial Position - continued
30 November 2023


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 director and authorised for issue on 26 August 2024 and were signed by:





L A Dent - Director


SRL Switchgear Ltd (Registered number: 13022298)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

SRL Switchgear 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SRL Switchgear Ltd (Registered number: 13022298)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 72,298 18,351 - 90,649
Additions 39,690 - 1,190 40,880
At 30 November 2023 111,988 18,351 1,190 131,529
DEPRECIATION
At 1 December 2022 3,699 6,881 - 10,580
Charge for year 19,728 2,867 176 22,771
At 30 November 2023 23,427 9,748 176 33,351
NET BOOK VALUE
At 30 November 2023 88,561 8,603 1,014 98,178
At 30 November 2022 68,599 11,470 - 80,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
as restated
£    £   
Trade debtors - 14,019
Other debtors 3,130 7,124
Tax 1,941 -
VAT 929 1,969
6,000 23,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
as restated
£    £   
Trade creditors 2,105 9,841
Tax 16,549 -
Directors' current accounts 4,956 9,724
Accrued expenses 700 -
24,310 19,565

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
as restated
£    £   
Other loans - 2-5 years - 40,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L A Dent.