Registered number
06435094
Stroud & Wasley Electrical Ltd
Filleted Abridged Accounts
30 November 2023
Stroud & Wasley Electrical Ltd
Registered number: 06435094
Abridged Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,975 6,975
Current assets
Debtors - 856
Cash at bank and in hand 2,586 1,041
2,586 1,897
Creditors: amounts falling due within one year (1,313) (1,280)
Net current assets 1,273 617
Net assets 8,248 7,592
Capital and reserves
Called up share capital 2 -
Profit and loss account 8,246 7,592
Shareholders' funds 8,248 7,592
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Philip Robert Wasley
Director
Approved by the board on 30 August 2024
Stroud & Wasley Electrical Ltd
Notes to the Abridged Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Total
£
Cost
At 1 December 2022 6,975
At 30 November 2023 6,975
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 6,975
At 30 November 2022 6,975
4 Other information
Stroud & Wasley Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11 Barnack Drive
Warwick
CV34 5TY
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