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REGISTERED NUMBER: 07606583 (England and Wales)















Harvey Electrical Services Ltd

Unaudited Financial Statements

for the year ended

31 March 2024






Harvey Electrical Services Ltd (Registered number: 07606583)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Harvey Electrical Services Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: J Harvey





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





BUSINESS ADDRESS: 6 Prescott Drive
Elmswell
Bury St Edmunds
Suffolk
IP30 9DE





REGISTERED NUMBER: 07606583 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Harvey Electrical Services Ltd (Registered number: 07606583)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 23,383 30,969
23,383 30,969

CURRENT ASSETS
Stocks 405 370
Debtors 7 4,478 8,463
Cash at bank 27,013 2,096
31,896 10,929
CREDITORS
Amounts falling due within one year 8 (20,266 ) (15,877 )
NET CURRENT ASSETS/(LIABILITIES) 11,630 (4,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,013 26,021

PROVISIONS FOR LIABILITIES (5,846 ) (5,884 )
NET ASSETS 29,167 20,137

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 29,166 20,136
SHAREHOLDERS' FUNDS 29,167 20,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 October 2024 and were signed by:





J Harvey - Director


Harvey Electrical Services Ltd (Registered number: 07606583)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Harvey Electrical Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Harvey Electrical Services Ltd (Registered number: 07606583)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,310 34,968 1,256 37,534
Additions 202 - - 202
At 31 March 2024 1,512 34,968 1,256 37,736
DEPRECIATION
At 1 April 2023 889 4,420 1,256 6,565
Charge for year 151 7,637 - 7,788
At 31 March 2024 1,040 12,057 1,256 14,353
NET BOOK VALUE
At 31 March 2024 472 22,911 - 23,383
At 31 March 2023 421 30,548 - 30,969

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,318 8,463
Other debtors 160 -
4,478 8,463

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 15,565 6,460
Other creditors 4,701 9,417
20,266 15,877

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

Harvey Electrical Services Ltd (Registered number: 07606583)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


10. RELATED PARTY DISCLOSURES

At the end of the year the company owed Mr J Harvey, £3,960 (2023: £8,747) by the way of an interest free loan.

The loan has no set repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Harvey Electrical Services Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harvey Electrical Services Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Harvey Electrical Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harvey Electrical Services Ltd and state those matters that we have agreed to state to the director of Harvey Electrical Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harvey Electrical Services Ltd and its director for our work or for this report.

It is your duty to ensure that Harvey Electrical Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harvey Electrical Services Ltd. You consider that Harvey Electrical Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Harvey Electrical Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


21 October 2024