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REGISTERED NUMBER: 06587131 (England and Wales)















Northants Electrical Services Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






Northants Electrical Services Ltd (Registered number: 06587131)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Northants Electrical Services Ltd

Company Information
for the year ended 31st March 2024







DIRECTOR: M J Fraher





SECRETARY: M J Fraher





REGISTERED OFFICE: 10 Jasmine Road
Rectory Farm
Northampton
NN3 5BS





REGISTERED NUMBER: 06587131 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Northants Electrical Services Ltd (Registered number: 06587131)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,433 1,946
Investments 6 33 33
1,466 1,979

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 7 13,386 4,983
Cash at bank 3,855 3,670
23,241 14,653
CREDITORS
Amounts falling due within one year 8 35,773 25,927
NET CURRENT LIABILITIES (12,532 ) (11,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,066

)

(9,295

)

PROVISIONS FOR LIABILITIES 9 300 400
NET LIABILITIES (11,366 ) (9,695 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (11,367 ) (9,696 )
SHAREHOLDERS' FUNDS (11,366 ) (9,695 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 22nd July 2024 and were signed by:





M J Fraher - Director


Northants Electrical Services Ltd (Registered number: 06587131)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Northants Electrical Services 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 (£).


The principal activity of the company in the year under review was that of electrical services.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover
Turnover represents gross sales of goods.

Northants Electrical Services Ltd (Registered number: 06587131)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

3. ACCOUNTING POLICIES - continued

Going concern
These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirements through the support of its director, who has confirmed his continuing support for a period of twelve months following approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 11,637 524 8,595 2,863 23,619
DEPRECIATION
At 1st April 2023 10,216 453 8,286 2,718 21,673
Charge for year 349 17 77 70 513
At 31st March 2024 10,565 470 8,363 2,788 22,186
NET BOOK VALUE
At 31st March 2024 1,072 54 232 75 1,433
At 31st March 2023 1,421 71 309 145 1,946

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023
and 31st March 2024 33
NET BOOK VALUE
At 31st March 2024 33
At 31st March 2023 33

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,706 4,542
Other debtors 680 441
13,386 4,983

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,273 10,270
Taxation and social security 3,468 2,284
Other creditors 26,032 13,373
35,773 25,927

Northants Electrical Services Ltd (Registered number: 06587131)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 300 400

Deferred
tax
£   
Balance at 1st April 2023 400
Provided during year (100 )
Balance at 31st March 2024 300

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2024 or at 31st March 2023.

12. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2024 or at 31st March 2023.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

This balance was fully repaid within 9 months.