Registered number
08417038
T&K Electric Ltd
Filleted Accounts
29 February 2024
T&K Electric Ltd
Registered number: 08417038
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,817 10,962
Current assets
Stocks 74,213 153,708
Debtors 4 62,239 93,665
Cash at bank and in hand 114,754 169,036
251,206 416,409
Creditors: amounts falling due within one year 5 (26,790) (77,686)
Net current assets 224,416 338,723
Total assets less current liabilities 252,233 349,685
Provisions for liabilities (5,285) (2,083)
Net assets 246,948 347,602
Capital and reserves
Called up share capital 100 100
Profit and loss account 246,848 347,502
Shareholders' funds 246,948 347,602
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrzej Truty
Director
Approved by the board on 3 October 2024
T&K Electric Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 499 25,309 25,808
Additions - 24,320 24,320
At 29 February 2024 499 49,629 50,128
Depreciation
At 1 March 2023 83 14,763 14,846
Charge for the year 125 7,340 7,465
At 29 February 2024 208 22,103 22,311
Net book value
At 29 February 2024 291 27,526 27,817
At 28 February 2023 416 10,546 10,962
4 Debtors 2024 2023
£ £
Trade debtors 62,239 93,665
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33,160 59,896
Taxation and social security costs (9,834) 12,915
Other creditors, loans from directors 3,464 4,875
26,790 77,686
6 Other information
T&K Electric Ltd is a private company limited by shares and incorporated in England. Its registered office is:
170 Hicks Avenue
Greenford
Middx
UB6 8HD
T&K Electric Ltd 08417038 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 Andrzej Truty No description of principal activity 08417038 2022-03-01 2023-02-28 08417038 core:WithinOneYear 2023-02-28 08417038 core:ShareCapital 2023-02-28 08417038 core:RetainedEarningsAccumulatedLosses 2023-02-28 08417038 2023-03-01 2024-02-29 08417038 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08417038 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08417038 bus:Director40 2023-03-01 2024-02-29 08417038 1 2023-03-01 2024-02-29 08417038 2 2023-03-01 2024-02-29 08417038 core:PlantMachinery 2023-03-01 2024-02-29 08417038 core:Vehicles 2023-03-01 2024-02-29 08417038 countries:England 2023-03-01 2024-02-29 08417038 bus:FRS102 2023-03-01 2024-02-29 08417038 bus:FilletedAccounts 2023-03-01 2024-02-29 08417038 2024-02-29 08417038 core:WithinOneYear 2024-02-29 08417038 core:ShareCapital 2024-02-29 08417038 core:RetainedEarningsAccumulatedLosses 2024-02-29 08417038 core:PlantMachinery 2024-02-29 08417038 core:Vehicles 2024-02-29 08417038 2023-02-28 08417038 core:PlantMachinery 2023-02-28 08417038 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure