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Company Registration No. 08799011 (England and Wales)
XCH Electrical Limited Unaudited accounts for the year ended 31 December 2023
XCH Electrical Limited Unaudited accounts Contents
Page
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XCH Electrical Limited Company Information for the year ended 31 December 2023
Directors
Xian Campbell Craig Hooper
Company Number
08799011 (England and Wales)
Registered Office
The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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XCH Electrical Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,032 
45,040 
Current assets
Debtors
11,295 
8,803 
Cash at bank and in hand
12,738 
18,714 
24,033 
27,517 
Creditors: amounts falling due within one year
(15,716)
(16,362)
Net current assets
8,317 
11,155 
Total assets less current liabilities
44,349 
56,195 
Creditors: amounts falling due after more than one year
(41,725)
(53,620)
Net assets
2,624 
2,575 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,622 
2,573 
Shareholders' funds
2,624 
2,575 
For the year ending 31 December 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by
Xian Campbell Director Company Registration No. 08799011
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XCH Electrical Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
XCH Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 08799011. The registered office is The Old Post Office, 137-139 Long Street, Dordon, Staffordshire, B78 1SH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Hire purchase
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Presentation currency
The accounts are presented in £ sterling.
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XCH Electrical Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2023
56,300 
At 31 December 2023
56,300 
Depreciation
At 1 January 2023
11,260 
Charge for the year
9,008 
At 31 December 2023
20,268 
Net book value
At 31 December 2023
36,032 
At 31 December 2022
45,040 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,606 
- 
Trade debtors
486 
1,739 
Other debtors
6,203 
7,064 
11,295 
8,803 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
- 
2,442 
Obligations under finance leases and hire purchase contracts
4,346 
4,346 
Trade creditors
21,819 
14,721 
Taxes and social security
19,684 
28,220 
Loans from directors
(40,133)
(43,367)
15,716 
16,362 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,589 
24,138 
Obligations under finance leases and hire purchase contracts
25,136 
29,482 
41,725 
53,620 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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