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H.T. ELECTRICAL SYSTEMS LTD.

Unaudited Financial Statements

for the Year Ended 30 April 2024






H.T. ELECTRICAL SYSTEMS LTD. (REGISTERED NUMBER: 06080331)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


H.T. ELECTRICAL SYSTEMS LTD.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A P Handforth
S K Handforth



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 06080331 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: TSB Bank Plc
PO Box 373
Leeds
West Yorkshire
LS14 9GQ

H.T. ELECTRICAL SYSTEMS LTD. (REGISTERED NUMBER: 06080331)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 37,117 47,806
37,118 47,807

CURRENT ASSETS
Debtors 6 82,834 14,550
Cash at bank and in hand 60,262 104,434
143,096 118,984
CREDITORS
Amounts falling due within one year 7 50,223 61,275
NET CURRENT ASSETS 92,873 57,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,991

105,516

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 129,891 105,416
SHAREHOLDERS' FUNDS 129,991 105,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





A P Handforth - Director


H.T. ELECTRICAL SYSTEMS LTD. (REGISTERED NUMBER: 06080331)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

H.T. Electrical Systems Ltd. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

H.T. ELECTRICAL SYSTEMS LTD. (REGISTERED NUMBER: 06080331)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 30,000
AMORTISATION
At 1 May 2023
and 30 April 2024 29,999
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 26,035 1,667 51,945 4,986 84,633
Additions 288 - - 333 621
Disposals - - - (4,160 ) (4,160 )
At 30 April 2024 26,323 1,667 51,945 1,159 81,094
DEPRECIATION
At 1 May 2023 17,441 1,666 12,986 4,734 36,827
Charge for year 1,332 - 9,740 238 11,310
Eliminated on disposal - - - (4,160 ) (4,160 )
At 30 April 2024 18,773 1,666 22,726 812 43,977
NET BOOK VALUE
At 30 April 2024 7,550 1 29,219 347 37,117
At 30 April 2023 8,594 1 38,959 252 47,806

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 19,293 14,550
Handforth Properties Ltd 63,541 -
82,834 14,550

H.T. ELECTRICAL SYSTEMS LTD. (REGISTERED NUMBER: 06080331)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 159 3,105
Tax 16,469 4,018
Social security and other taxes 509 430
VAT 8,641 5,604
Directors' loan accounts 600 29,368
Accrued expenses 23,845 18,750
50,223 61,275

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 105,416
Profit for the year 49,475
Dividends (25,000 )
At 30 April 2024 129,891