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REGISTERED NUMBER: 05934075 (England and Wales)









Financial Statements

for the Year Ended 30 November 2023

for

S E D Electrical Limited

S E D Electrical Limited (Registered number: 05934075)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S E D Electrical Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S E Dolan





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 05934075 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

S E D Electrical Limited (Registered number: 05934075)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,438 1,918

CURRENT ASSETS
Debtors 5 130,803 140,542

CREDITORS
Amounts falling due within one year 6 (42,215 ) (110,090 )
NET CURRENT ASSETS 88,588 30,452
TOTAL ASSETS LESS CURRENT LIABILITIES 90,026 32,370

CREDITORS
Amounts falling due after more than one year 7 (22,076 ) (31,924 )
NET ASSETS 67,950 446

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,850 346
67,950 446

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.

S E D Electrical Limited (Registered number: 05934075)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





S E Dolan - Director


S E D Electrical Limited (Registered number: 05934075)

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

1. STATUTORY INFORMATION

S E D Electrical Limited 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.

Income is recognised when the service is provided.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Going concern
Having reviewed the financial position and anticipated future results and cash flows, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis has been adopted in preparing the financial statements for the year ended 30 November 2023.

S E D Electrical Limited (Registered number: 05934075)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 10,230
DEPRECIATION
At 1 December 2022 8,312
Charge for year 480
At 30 November 2023 8,792
NET BOOK VALUE
At 30 November 2023 1,438
At 30 November 2022 1,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97,510 72,249
Other debtors 33,293 68,293
130,803 140,542

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,257 28,979
Taxation and social security 5,581 64,821
Other creditors 20,377 16,290
42,215 110,090

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,076 31,924

S E D Electrical Limited (Registered number: 05934075)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end is an amount of £377 (2022: £290) due to the director, S E Dolan. Interest of £313 (2022: £nil) has been charged on the overdrawn balance at a rate of 2.25%.

Apart from an advance of £35,000 in November 2023, there have been no advances which individually were considered material and no other material advances exceeding £10,000 to the director.

9. RELATED PARTY DISCLOSURES

Included within other debtors at the year end is an aggregate amount of £33,293 (2022: £68,293) due from friends of the director. This amount has been provided unsecured, interest free and is repayable on demand.

Included within other creditors at the year end is an amount of £12,000 (2022: £12,000) due to a friend of the director. This amount has been provided unsecured, interest free and is repayable on demand.