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Company Registration No. 12352281 (England and Wales)
FARRINGDON ELECTRICAL LTD Unaudited accounts for the year ended 31 December 2023
FARRINGDON ELECTRICAL LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,734 
11,192 
Current assets
Inventories
32,152 
- 
Debtors
41,012 
37,564 
Cash at bank and in hand
8,876 
6,813 
82,040 
44,377 
Creditors: amounts falling due within one year
(81,287)
(35,797)
Net current assets
753 
8,580 
Total assets less current liabilities
9,487 
19,772 
Creditors: amounts falling due after more than one year
(9,032)
(16,284)
Net assets
455 
3,488 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
454 
3,487 
Shareholders' funds
455 
3,488 
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 director acknowledges his 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 and authorised for issue on 16 September 2024 and were signed on its behalf by
Izmir BAJRAMI Director Company Registration No. 12352281
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FARRINGDON ELECTRICAL LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
FARRINGDON ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12352281. The registered office is International House, 64 Nile Street, London, N1 7SR, England.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2023
13,649 
At 31 December 2023
13,649 
Depreciation
At 1 January 2023
2,457 
Charge for the year
2,458 
At 31 December 2023
4,915 
Net book value
At 31 December 2023
8,734 
At 31 December 2022
11,192 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,000 
- 
Other debtors
9,012 
37,564 
41,012 
37,564 
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FARRINGDON ELECTRICAL LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,329 
- 
VAT
42,409 
21,660 
Taxes and social security
33,965 
10,057 
Other creditors
584 
584 
Accruals
- 
3,496 
81,287 
35,797 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,032 
16,284 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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