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REGISTERED NUMBER: 06477532 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

S L Electric Services Limited

S L Electric Services Limited (Registered number: 06477532)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


S L Electric Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S J Lelliott
Mrs E L Strafford Lelliott



REGISTERED OFFICE: 5 Lay Garth Mead
Rothwell
Leeds
LS26 0TT



REGISTERED NUMBER: 06477532 (England and Wales)



ACCOUNTANTS: Parker Hartley & Co
Incorporated Financial Accountants
2 Waverley Street
The Groves
York
YO31 7QZ



BANKERS: HSBC Bank plc
33 Park Row
Leeds
LS1 1JD

S L Electric Services Limited (Registered number: 06477532)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 199,540 116,211
199,540 116,211

CURRENT ASSETS
Stocks 6 1,995 1,375
Debtors 7 62,990 260,334
Cash at bank 367,358 56,732
432,343 318,441
CREDITORS
Amounts falling due within one year 8 201,798 184,983
NET CURRENT ASSETS 230,545 133,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,085

249,669

CREDITORS
Amounts falling due after more than one
year

9

139,614

77,878
NET ASSETS 290,471 171,791

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 290,468 171,788
SHAREHOLDERS' FUNDS 290,471 171,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 L Electric Services Limited (Registered number: 06477532)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




Mr S J Lelliott - Director



Mrs E L Strafford Lelliott - Director


S L Electric Services Limited (Registered number: 06477532)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

S L Electric Services 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

S L Electric Services Limited (Registered number: 06477532)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 27,124 162,187 5,974 195,285
Additions 7,846 2,801 167,276 - 177,923
Disposals - - (52,875 ) - (52,875 )
At 31 March 2024 7,846 29,925 276,588 5,974 320,333
DEPRECIATION
At 1 April 2023 - 18,567 58,064 2,443 79,074
Charge for year 1,569 1,704 60,414 1,165 64,852
Eliminated on disposal - - (23,133 ) - (23,133 )
At 31 March 2024 1,569 20,271 95,345 3,608 120,793
NET BOOK VALUE
At 31 March 2024 6,277 9,654 181,243 2,366 199,540
At 31 March 2023 - 8,557 104,123 3,531 116,211

6. STOCKS
31/3/24 31/3/23
£    £   
Stocks 1,995 1,375

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 35,938 258,400
Other debtors 10,239 1,934
Prepayments 16,813 -
62,990 260,334

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 42,235 19,417
Trade creditors 50,345 108,536
Corporation Tax 84,346 35,558
Social security and other taxes 11,944 14,188
VAT 8,402 3,070
Other creditors 1,541 1,384
Directors' loan accounts 279 873
Accrued expenses 2,706 1,957
201,798 184,983

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans - 2-5 years 139,614 77,878

S L Electric Services Limited (Registered number: 06477532)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. OTHER FINANCIAL COMMITMENTS

S L Electric Services Limited had outstanding commitments in respect of motor vehicle leases as at 31 March 2024 of £18,206. The breakdown of the periods that they are due are as follows:

Due in less than one year- £11,515
Due in 1-5 years- £6,691
Due in more than one year- £nil

Total- £18,206


S L Electric Services Limited also had outstanding commitments in respect of property rental as at 31 March 2024 of £36,692. The breakdown of the periods that they are due are as follows:

Due in less than one year- £12,950
Due in 1-5 years- £23,742
Due in more than one year- £nil

Total- £36,692