Company Registration No. 10563413 (England and Wales)
Switched On Electrical NW Ltd
Unaudited accounts
for the year ended 31 January 2024
Switched On Electrical NW Ltd
Unaudited accounts
Contents
Switched On Electrical NW Ltd
Company Information
for the year ended 31 January 2024
Secretary
Mr Daniel Delaney
Company Number
10563413 (England and Wales)
Registered Office
47 Greave Close
Rossendale
Lancashire
BB4 8JT
England
Switched On Electrical NW Ltd
Accountants' report
Accountants' report to the director of Switched On Electrical NW Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 January 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Switched On Electrical NW Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
12,934
1,750
Cash at bank and in hand
26,488
8,293
Creditors: amounts falling due within one year
(4,007)
2,699
Net current assets
37,641
10,992
Total assets less current liabilities
50,575
12,742
Creditors: amounts falling due after more than one year
(8,167)
(11,666)
Called up share capital
1
1
Profit and loss account
42,407
1,075
Shareholders' funds
42,408
1,076
For the year ending 31 January 2024 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 5 August 2024 and were signed on its behalf by
Daniel Delaney
Director
Company Registration No. 10563413
Switched On Electrical NW Ltd
Notes to the Accounts
for the year ended 31 January 2024
Switched On Electrical NW Ltd is a private company, limited by shares, registered in England and Wales, registration number 10563413. The registered office is 47 Greave Close, Rossendale, Lancashire, BB4 8JT, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% Straight Line
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Switched On Electrical NW Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
778
Taxes and social security
24,720
14,830
Loans from directors
(27,762)
(20,797)
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
20,797
6,965
-
27,762
No Terms of repayment have been set or interest charge on the outstanding balance.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).