Registered number
10210976
John Clayton Electrical Services Limited
Filleted Accounts
30 June 2024
John Clayton Electrical Services Limited
Registered number: 10210976
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,926 6,986
Current assets
Stocks 560 560
Debtors 4 22,980 5,903
Cash at bank and in hand 19,901 25,064
43,441 31,527
Creditors: amounts falling due within one year 5 (4,703) (3,995)
Net current assets 38,738 27,532
Net assets 55,664 34,518
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,564 34,418
Shareholders' funds 55,664 34,518
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Clayton
Director
Approved by the board on 11 September 2024
John Clayton Electrical Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motors 20% reducing balance
Plant and machinery 20% reducing balance
Office Equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 4,699 14,600 19,299
Additions 424 19,750 20,174
Disposals - (14,600) (14,600)
At 30 June 2024 5,123 19,750 24,873
Depreciation
At 1 July 2023 3,693 8,620 12,313
Charge for the year 304 3,950 4,254
On disposals - (8,620) (8,620)
At 30 June 2024 3,997 3,950 7,947
Net book value
At 30 June 2024 1,126 15,800 16,926
At 30 June 2023 1,006 5,980 6,986
4 Debtors 2024 2023
£ £
Trade debtors 21,839 4,908
Other debtors 1,141 995
22,980 5,903
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 289 249
Taxation and social security costs 638 2,025
Other creditors 3,776 1,721
4,703 3,995
6 Other information
John Clayton Electrical Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Green Syke Barn
Moss End Lane
Cowling
Keighley
BD22 0NA
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