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REGISTERED NUMBER: 10649684 (England and Wales)















JWK Electrical (Lincs) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






JWK Electrical (Lincs) Ltd (Registered number: 10649684)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


JWK Electrical (Lincs) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J W Kinder
T Darlow





REGISTERED OFFICE: 27 Barrington Gate
Holbeach
Lincolnshire
PE12 7LB





REGISTERED NUMBER: 10649684 (England and Wales)





ACCOUNTANTS: Salway and Wright
22 Church Street
Holbeach
Lincolnshire
PE12 7LL

JWK Electrical (Lincs) Ltd (Registered number: 10649684)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,339 21,017

CURRENT ASSETS
Debtors 5 91,476 52,951
Cash at bank 3,454 2,677
94,930 55,628
CREDITORS
Amounts falling due within one year 6 33,442 25,843
NET CURRENT ASSETS 61,488 29,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,827

50,802

CREDITORS
Amounts falling due after more than one
year

7

-

8,750
NET ASSETS 97,827 42,052

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 97,817 42,042
SHAREHOLDERS' FUNDS 97,827 42,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JWK Electrical (Lincs) Ltd (Registered number: 10649684)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




T Darlow - Director



J W Kinder - Director


JWK Electrical (Lincs) Ltd (Registered number: 10649684)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JWK Electrical (Lincs) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

JWK Electrical (Lincs) Ltd (Registered number: 10649684)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 5,791 31,367 37,158
Additions 438 29,995 30,433
Disposals - (3,000 ) (3,000 )
At 31 March 2024 6,229 58,362 64,591
DEPRECIATION
At 1 April 2023 4,106 12,035 16,141
Charge for year 530 11,581 12,111
At 31 March 2024 4,636 23,616 28,252
NET BOOK VALUE
At 31 March 2024 1,593 34,746 36,339
At 31 March 2023 1,685 19,332 21,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 68,376 52,951
Other debtors 23,100 -
91,476 52,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 11,826 21,240
Taxation and social security 21,616 4,410
Other creditors - 193
33,442 25,843

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 8,750