Company Registration No. NI616385 (Northern Ireland)
Walsh Electrical (NI) Ltd
Filleted accounts
for the year ended 31 January 2024
Walsh Electrical (NI) Ltd
Filleted accounts
Contents
Walsh Electrical (NI) Ltd
Company Information
for the year ended 31 January 2024
Company Number
NI616385 (Northern Ireland)
Registered Office
103 Mullaghboy Road
Bellaghy
Derry
BT45 8JH
UK
Accountants
McGrath Pattison Ltd
61d Main Street
Maghera
Londonderry
BT46 5AB
Walsh Electrical (NI) Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
119,939
104,448
Cash at bank and in hand
85,649
111,284
Creditors: amounts falling due within one year
(92,194)
(71,103)
Net current assets
391,647
391,415
Total assets less current liabilities
511,586
495,863
Provisions for liabilities
Deferred tax
(16,354)
(9,870)
Net assets
495,232
485,993
Called up share capital
1
1
Profit and loss account
495,231
485,992
Shareholders' funds
495,232
485,993
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2024 and were signed on its behalf by
James Walsh
Director
Company Registration No. NI616385
Walsh Electrical (NI) Ltd
Notes to the Accounts
for the year ended 31 January 2024
Walsh Electrical (NI) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI616385. The registered office is 103 Mullaghboy Road, Bellaghy, Derry, BT45 8JH, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
4
Tangible fixed assets
Total
At 1 February 2023
144,591
At 31 January 2024
173,408
Charge for the year
13,326
At 31 January 2024
119,939
At 31 January 2023
104,448
5
Average number of employees
During the year the average number of employees was 3 (2023: 3).