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REGISTERED NUMBER: 09933362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Haworth Electrical Services Ltd

Haworth Electrical Services Ltd (Registered number: 09933362)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haworth Electrical Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D S Haworth





REGISTERED OFFICE: 11 Laurel Gardens
Locks heath
Southampton
Hampshire
SO31 6QH





REGISTERED NUMBER: 09933362 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Haworth Electrical Services Ltd (Registered number: 09933362)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,467 1,533
Tangible assets 5 22,320 23,495
23,787 25,028

CURRENT ASSETS
Stocks 6 3,500 2,500
Debtors 7 14,723 14,639
Cash at bank 129,863 86,462
148,086 103,601
CREDITORS
Amounts falling due within one year 8 38,190 36,668
NET CURRENT ASSETS 109,896 66,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,683

91,961

PROVISIONS FOR LIABILITIES 3,946 4,105
NET ASSETS 129,737 87,856

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,637 87,756
SHAREHOLDERS' FUNDS 129,737 87,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Haworth Electrical Services Ltd (Registered number: 09933362)

Balance Sheet - continued
31 December 2023


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 13 September 2024 and were signed by:





D S Haworth - Director


Haworth Electrical Services Ltd (Registered number: 09933362)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Haworth 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of thirty years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% 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.

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.

Haworth Electrical Services Ltd (Registered number: 09933362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,000
AMORTISATION
At 1 January 2023 467
Charge for year 66
At 31 December 2023 533
NET BOOK VALUE
At 31 December 2023 1,467
At 31 December 2022 1,533

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 3,023 34,995 3,593 41,611
Additions 2,000 - 666 2,666
At 31 December 2023 5,023 34,995 4,259 44,277
DEPRECIATION
At 1 January 2023 1,181 15,738 1,197 18,116
Charge for year 576 2,889 376 3,841
At 31 December 2023 1,757 18,627 1,573 21,957
NET BOOK VALUE
At 31 December 2023 3,266 16,368 2,686 22,320
At 31 December 2022 1,842 19,257 2,396 23,495

Haworth Electrical Services Ltd (Registered number: 09933362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 34,995
DEPRECIATION
At 1 January 2023 15,738
Charge for year 2,889
At 31 December 2023 18,627
NET BOOK VALUE
At 31 December 2023 16,368
At 31 December 2022 19,257

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 3,500 2,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 11,455 8,110
Amounts recoverable on contract - 2,041
Other debtors 2,032 578
VAT 625 2,914
Prepayments 611 996
14,723 14,639

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 3,546
Trade creditors 10,169 11,574
Tax 20,439 17,914
Social security and other taxes 920 -
Directors' current accounts 5,162 2,134
Accrued expenses 1,500 1,500
38,190 36,668

9. RELATED PARTY DISCLOSURES

During the course of the year the director received £30,000 (2022 £36,500) by way of a dividend issue.

Haworth Electrical Services Ltd (Registered number: 09933362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director by virtue of their 100% interest in the issued share capital of the company.