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Tim Hart Electrical Limited
Registered Number:10712665
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Tim Hart Electrical Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10712665
As at 30 April 2024
Tim Hart Electrical Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
18,535
20,553
2
18,535
20,553
Current assets
Trade and other receivables
4,690
1,006
3
11,958
Cash and cash equivalents
20,954
21,960
16,648
Trade and other payables: amounts falling due within one
year
(10,642)
(18,073)
4
6,006
3,887
Net current assets
Total assets less current liabilities
22,422
26,559
Trade and other payables: amounts falling due after more
than one year
(24,102)
(16,216)
5
(3,522)
(3,902)
Provisions for liabilities
2,684
Net assets/liabilities
(1,445)
Capital and reserves
Called up share capital
1
1
Retained earnings
2,683
(1,446)
2,684
(1,445)
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Timothy Hart Director
These financial statements were approved and authorised for issue by the Board on 04 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Tim Hart Electrical Limited
Notes to the Financial Statements
Statutory Information
Tim Hart Electrical Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10712665.
Registered address:
102 Hassall Road
Sandbach
Cheshire
England
CW11 4HN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
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.
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5
For the year ended 30 April 2024
Tim Hart Electrical Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 May 2023
27,457
-
27,090
367
3,900
3,900
-
-
Additions
At 30 April 2024
367
27,090
3,900
31,357
Provision for depreciation and impairment
At 01 May 2023
6,904
-
6,773
131
Charge for year
5,918
780
5,079
59
At 30 April 2024
12,822
780
11,852
190
At 30 April 2024
Net book value
177
15,238
3,120
18,535
At 30 April 2023
236
20,317
-
20,553
3. Trade and other receivables
2023
2024
£
£
Trade debtors
816
3,780
Other debtors
190
910
4,690
1,006
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
4,000
4,000
Trade creditors
1,006
416
Taxation and social security
7,353
467
Other creditors
5,714
5,759
18,073
10,642
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
6,323
10,333
Other creditors
9,893
13,769
16,216
24,102
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6
For the year ended 30 April 2024
Tim Hart Electrical Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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