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REGISTERED NUMBER: 12744905 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Headland Electrical Solutions Limited

Headland Electrical Solutions Limited (Registered number: 12744905)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Headland Electrical Solutions Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S Beavis





SECRETARY: S Beavis





REGISTERED OFFICE: Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 12744905 (England and Wales)

Headland Electrical Solutions Limited (Registered number: 12744905)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,900 42,260

CURRENT ASSETS
Debtors 5 29,774 25,433
Cash at bank 26,298 40,500
56,072 65,933
CREDITORS
Amounts falling due within one year 6 41,031 44,076
NET CURRENT ASSETS 15,041 21,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,941

64,117

CREDITORS
Amounts falling due after more than one year 7 (34,231 ) (39,932 )

PROVISIONS FOR LIABILITIES (7,475 ) (8,029 )
NET ASSETS 3,235 16,156

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,135 16,056
3,235 16,156

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:



S Beavis - Director


Headland Electrical Solutions Limited (Registered number: 12744905)

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

1. STATUTORY INFORMATION

Headland Electrical Solutions Limited 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
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on straight line basis
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Headland Electrical Solutions Limited (Registered number: 12744905)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 45,771 21,000 2,764 69,535
Additions 373 - - 373
At 31 July 2023 46,144 21,000 2,764 69,908
DEPRECIATION
At 1 August 2022 17,189 9,188 898 27,275
Charge for year 9,228 2,953 552 12,733
At 31 July 2023 26,417 12,141 1,450 40,008
NET BOOK VALUE
At 31 July 2023 19,727 8,859 1,314 29,900
At 31 July 2022 28,582 11,812 1,866 42,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,482 3,706
Other debtors 20,817 17,214
VAT 2,732 4,513
Prepayments and accrued income 743 -
29,774 25,433

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,551 5,400
Trade creditors 8,823 11,712
Tax 16,685 9,221
Other creditors 6,442 -
Directors' current accounts 80 13,653
Accruals and deferred income 3,450 4,090
41,031 44,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,551 5,400
Bank loans - 2-5 years 16,653 16,200
Bank loans more 5 yr by instal 12,027 18,332
34,231 39,932

Headland Electrical Solutions Limited (Registered number: 12744905)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,027 18,332