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Registered number: 09969089
Amigo Electrical Contractors Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09969089
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 -
Tangible Assets 5 59,298 71,377
63,298 71,377
CURRENT ASSETS
Debtors 6 138,886 321,498
Cash at bank and in hand 72,585 185,899
211,471 507,397
Creditors: Amounts Falling Due Within One Year 7 (30,907 ) (135,507 )
NET CURRENT ASSETS (LIABILITIES) 180,564 371,890
TOTAL ASSETS LESS CURRENT LIABILITIES 243,862 443,267
NET ASSETS 243,862 443,267
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 243,860 443,265
SHAREHOLDERS' FUNDS 243,862 443,267
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Davies
Director
08/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Amigo Electrical Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09969089 . The registered office is Unit 9 Commerce Park, Campbeltown Road, Birkenhead, Wirral, CH41 9HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements of the company are presented in sterling, which is the functional currency of the company rounded to the nearest £1.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 -
Additions 4,000
As at 31 January 2024 4,000
Net Book Value
As at 31 January 2024 4,000
As at 1 February 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 34,040 8,665 56,712 5,151 104,568
Additions - - - 2,507 2,507
As at 31 January 2024 34,040 8,665 56,712 7,658 107,075
Depreciation
As at 1 February 2023 - 8,373 19,757 5,061 33,191
Provided during the period - (308 ) 14,178 716 14,586
As at 31 January 2024 - 8,065 33,935 5,777 47,777
Net Book Value
As at 31 January 2024 34,040 600 22,777 1,881 59,298
As at 1 February 2023 34,040 292 36,955 90 71,377
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 138,886 311,887
Other debtors - 9,611
138,886 321,498
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,662 6,663
Bank loans and overdrafts 25,253 35,833
Other creditors 8,906 8,322
Taxation and social security (9,914 ) 84,689
30,907 135,507
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5