IRIS Accounts Production v24.3.0.553 06951887 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false 973 4225 973 1000 4198 973 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069518872023-04-30069518872024-04-30069518872023-05-012024-04-30069518872022-04-30069518872022-05-012023-04-30069518872023-04-3006951887ns15:EnglandWales2023-05-012024-04-3006951887ns14:PoundSterling2023-05-012024-04-3006951887ns10:Director12023-05-012024-04-3006951887ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006951887ns10:SmallEntities2023-05-012024-04-3006951887ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006951887ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006951887ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006951887ns10:FullAccounts2023-05-012024-04-300695188712023-05-012024-04-300695188742ns10:Director22023-04-300695188742ns10:Director22023-05-012024-04-300695188742ns10:Director22022-05-012023-04-300695188742ns10:Director22024-04-300695188742ns10:Director22023-04-3006951887ns10:Director22023-05-012024-04-3006951887ns10:RegisteredOffice2023-05-012024-04-3006951887ns5:CurrentFinancialInstruments2024-04-3006951887ns5:CurrentFinancialInstruments2023-04-3006951887ns5:ShareCapital2024-04-3006951887ns5:ShareCapital2023-04-3006951887ns5:RetainedEarningsAccumulatedLosses2024-04-3006951887ns5:RetainedEarningsAccumulatedLosses2023-04-3006951887ns5:NetGoodwill2023-05-012024-04-3006951887ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3006951887ns5:PlantMachinery2023-05-012024-04-3006951887ns5:NetGoodwill2023-04-3006951887ns5:NetGoodwill2024-04-3006951887ns5:NetGoodwill2023-04-3006951887ns5:PlantMachinery2023-04-3006951887ns5:PlantMachinery2024-04-3006951887ns5:PlantMachinery2023-04-3006951887ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3006951887ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30069518871ns10:Director12023-04-30069518871ns10:Director12022-04-30069518871ns10:Director12023-05-012024-04-30069518871ns10:Director12022-05-012023-04-30069518871ns10:Director12024-04-30069518871ns10:Director12023-04-30
REGISTERED NUMBER: 06951887 (England and Wales)











Unaudited Financial Statements for the Year Ended 30 April 2024

for

Howard Electrical Services Ltd

Howard Electrical Services Ltd (Registered number: 06951887)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Howard Electrical Services Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C J Howard
S L Howard





REGISTERED OFFICE: 2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY





REGISTERED NUMBER: 06951887 (England and Wales)





ACCOUNTANTS: E J Business Consultants Ltd
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

Howard Electrical Services Ltd (Registered number: 06951887)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,637 41,244
58,637 41,244

CURRENT ASSETS
Stocks 1,395 16,500
Debtors 6 276,887 94,451
Cash at bank and in hand 151,776 92,394
430,058 203,345
CREDITORS
Amounts falling due within one year 7 222,049 74,998
NET CURRENT ASSETS 208,009 128,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,646

169,591

PROVISIONS FOR LIABILITIES 14,549 7,752
NET ASSETS 252,097 161,839

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 252,095 161,837
SHAREHOLDERS' FUNDS 252,097 161,839

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.

Howard Electrical Services Ltd (Registered number: 06951887)

Balance Sheet - continued
30 April 2024


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 15 October 2024 and were signed on its behalf by:





C J Howard - Director


Howard Electrical Services Ltd (Registered number: 06951887)

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

1. STATUTORY INFORMATION

Howard 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.

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 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 2010, 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 etc - 20% on reducing balance

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.

Howard Electrical Services Ltd (Registered number: 06951887)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 105,000
AMORTISATION
At 1 May 2023
and 30 April 2024 105,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Howard Electrical Services Ltd (Registered number: 06951887)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 117,017
Additions 33,289
Disposals (2,106 )
At 30 April 2024 148,200
DEPRECIATION
At 1 May 2023 75,773
Charge for year 14,548
Eliminated on disposal (758 )
At 30 April 2024 89,563
NET BOOK VALUE
At 30 April 2024 58,637
At 30 April 2023 41,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 262,878 89,572
Other debtors - 1,000
Directors' loan accounts 4,198 973
Prepayments and accrued income 9,811 2,906
276,887 94,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 118,543 25,937
Tax 46,430 27,008
Social security and other taxes 44,025 14,678
Other creditors 2,878 2,870
Accruals and deferred income 10,173 4,505
222,049 74,998

Howard Electrical Services Ltd (Registered number: 06951887)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
C J Howard and S L Howard
Balance outstanding at start of year 973 -
Amounts advanced 4,225 973
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,198 973