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Company Registration No. 7303517 (England and Wales)
FTP Electrical Testing Services Ltd Unaudited accounts for the year ended 31 December 2023
FTP Electrical Testing Services Ltd Unaudited accounts Contents
Page
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FTP Electrical Testing Services Ltd Company Information for the year ended 31 December 2023
Directors
Miss K J Barriff Miss N Z Oldaker Ms L Jones
Company Number
7303517 (England and Wales)
Registered Office
71-73 Lister Street Hull HU1 2RZ United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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FTP Electrical Testing Services Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,426 
26,513 
Current assets
Inventories
12,000 
12,000 
Debtors
241,204 
268,900 
Cash at bank and in hand
40,831 
36,998 
294,035 
317,898 
Creditors: amounts falling due within one year
(183,761)
(156,186)
Net current assets
110,274 
161,712 
Total assets less current liabilities
157,700 
188,225 
Provisions for liabilities
Deferred tax
(9,175)
(4,969)
Net assets
148,525 
183,256 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
148,515 
183,246 
Shareholders' funds
148,525 
183,256 
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 directors acknowledge their 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Miss K J Barriff Director Company Registration No. 7303517
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FTP Electrical Testing Services Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
FTP Electrical Testing Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 7303517. The registered office is 71-73 Lister Street, Hull, HU1 2RZ, United Kingdom.
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:
Plant & machinery
25% cost
Motor vehicles
25% wdv
Fixtures & fittings
20% cost
Computer equipment
25% cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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FTP Electrical Testing Services Ltd Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
53,307 
73,766 
2,824 
4,472 
134,369 
Additions
- 
40,000 
750 
- 
40,750 
At 31 December 2023
53,307 
113,766 
3,574 
4,472 
175,119 
Depreciation
At 1 January 2023
53,307 
47,440 
2,660 
4,449 
107,856 
Charge for the year
- 
18,900 
914 
23 
19,837 
At 31 December 2023
53,307 
66,340 
3,574 
4,472 
127,693 
Net book value
At 31 December 2023
- 
47,426 
- 
- 
47,426 
At 31 December 2022
- 
26,326 
164 
23 
26,513 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
219,127 
246,912 
Accrued income and prepayments
22,077 
21,988 
241,204 
268,900 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
46,456 
57,267 
Trade creditors
87,263 
52,237 
Taxes and social security
10,042 
6,682 
Loans from directors
40,000 
40,000 
183,761 
156,186 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Average number of employees
During the year the average number of employees was 22 (2022: 20).
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