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COMPANY REGISTRATION NUMBER: 11795869
Sanders Electrical Solutions Limited
Filleted Unaudited Financial Statements
31 March 2024
Sanders Electrical Solutions Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
30,855
13,018
Current assets
Stocks
3,000
3,000
Debtors
6
19,928
11,727
Cash at bank and in hand
25,976
27,635
--------
--------
48,904
42,362
Creditors: amounts falling due within one year
7
52,968
44,365
--------
--------
Net current liabilities
4,064
2,003
--------
--------
Total assets less current liabilities
26,791
11,015
--------
--------
Net assets
26,791
11,015
--------
--------
Capital and reserves
Called up share capital
110
100
Profit and loss account
26,681
10,915
--------
--------
Shareholders funds
26,791
11,015
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sanders Electrical Solutions Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 1 October 2024 , and are signed on behalf of the board by:
Mr M Sanders
Director
Company registration number: 11795869
Sanders Electrical Solutions Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 April 2023
17,348
7,204
24,552
Additions
21,483
300
21,783
--------
-------
--------
At 31 March 2024
38,831
7,504
46,335
--------
-------
--------
Depreciation
At 1 April 2023
8,401
3,133
11,534
Charge for the year
3,132
814
3,946
--------
-------
--------
At 31 March 2024
11,533
3,947
15,480
--------
-------
--------
Carrying amount
At 31 March 2024
27,298
3,557
30,855
--------
-------
--------
At 31 March 2023
8,947
4,071
13,018
--------
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
9,636
7,983
Other debtors
10,292
3,744
--------
--------
19,928
11,727
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,047
6,277
Corporation tax
17,882
15,885
Social security and other taxes
4,202
Other creditors
27,039
18,001
--------
--------
52,968
44,365
--------
--------