WTF Electrical Services Ltd 13396193 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is electrical contracting/Subcontracting work, somestic & commercial. Digita Accounts Production Advanced 6.30.9574.0 true 13396193 2023-06-01 2024-05-31 13396193 2024-05-31 13396193 bus:OrdinaryShareClass1 bus:OtherShareType 2024-05-31 13396193 core:RetainedEarningsAccumulatedLosses 2024-05-31 13396193 core:ShareCapital 2024-05-31 13396193 core:CurrentFinancialInstruments 2024-05-31 13396193 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 13396193 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 13396193 core:MotorVehicles 2024-05-31 13396193 core:PlantMachinery 2024-05-31 13396193 bus:SmallEntities 2023-06-01 2024-05-31 13396193 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13396193 bus:FilletedAccounts 2023-06-01 2024-05-31 13396193 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13396193 bus:RegisteredOffice 2023-06-01 2024-05-31 13396193 bus:Director1 2023-06-01 2024-05-31 13396193 bus:Director2 2023-06-01 2024-05-31 13396193 bus:OrdinaryShareClass1 bus:OtherShareType 2023-06-01 2024-05-31 13396193 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13396193 core:MotorVehicles 2023-06-01 2024-05-31 13396193 core:PlantMachinery 2023-06-01 2024-05-31 13396193 core:OtherRelatedParties 2023-06-01 2024-05-31 13396193 countries:England 2023-06-01 2024-05-31 13396193 2022-06-01 2023-05-31 13396193 2023-05-31 13396193 bus:OrdinaryShareClass1 bus:OtherShareType 2023-05-31 13396193 core:RetainedEarningsAccumulatedLosses 2023-05-31 13396193 core:ShareCapital 2023-05-31 13396193 core:CurrentFinancialInstruments 2023-05-31 13396193 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13396193 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13396193

WTF Electrical Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

WTF Electrical Services Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

WTF Electrical Services Ltd

Company Information

Directors

Mrs Jennifer Ann Schurer

Mr Daniel Paul Schurer

Registered office

Mountbatten House
Grosvenor Square
Southampton
Hampshire
SO15 2JU

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

WTF Electrical Services Ltd

(Registration number: 13396193)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,754

-

Current assets

 

Stocks

5

1,919

-

Debtors

6

1,145

100

Cash at bank and in hand

 

21,313

-

 

24,377

100

Creditors: Amounts falling due within one year

7

(13,641)

-

Net current assets

 

10,736

100

Total assets less current liabilities

 

18,490

100

Creditors: Amounts falling due after more than one year

7

(3,200)

-

Provisions for liabilities

(1,473)

-

Net assets

 

13,817

100

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

13,717

-

Shareholders' funds

 

13,817

100

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

WTF Electrical Services Ltd

(Registration number: 13396193)
Balance Sheet as at 31 May 2024 (continued)

Approved and authorised by the Board on 14 October 2024 and signed on its behalf by:
 

.........................................
Mrs Jennifer Ann Schurer
Director

.........................................
Mr Daniel Paul Schurer
Director

 

WTF Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Mountbatten House
Grosvenor Square
Southampton
Hampshire
SO15 2JU

These financial statements were authorised for issue by the Board on 14 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

WTF Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

WTF Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 0).

 

WTF Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

1,902

6,750

8,652

At 31 May 2024

1,902

6,750

8,652

Depreciation

Charge for the year

195

703

898

At 31 May 2024

195

703

898

Carrying amount

At 31 May 2024

1,707

6,047

7,754

5

Stocks

2024
£

2023
£

Other inventories

1,919

-

6

Debtors

Current

2024
£

2023
£

Prepayments

1,145

-

Other debtors

-

100

 

1,145

100

7

Creditors

Creditors: amounts falling due within one year

 

WTF Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

7

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,600

-

Trade creditors

 

3,824

-

Taxation and social security

 

5,027

-

Other creditors

 

2,190

-

 

13,641

-

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

3,200

-

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

       

9

Dividends

2024

2023

£

£

Interim dividend of £60.50 (2023 - £Nil) per ordinary share

6,050

-

 

 

10

Related party transactions

Summary of transactions with other related parties

 

WTF Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

10

Related party transactions (continued)

Mother of director


 Within loans and borrowings is a loan repayable in instalments over 116 weeks with no interest being charged.
Amounts repayable are as follows:
< 1 Yr: £2,600
1 - 5 Years: £3,200