2022-11-01 07799522 2023-10-31 07799522 2022-11-01 2023-10-31 07799522 2022-10-31 07799522 2021-11-01 2022-10-31 07799522 uk-core:WithinOneYear 2022-10-31 07799522 uk-core:WithinOneYear 2023-10-31 07799522 uk-core:AfterOneYear 2022-10-31 07799522 uk-core:AfterOneYear 2023-10-31 07799522 uk-core:ShareCapital 2023-10-31 07799522 uk-core:ShareCapital 2022-10-31 07799522 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 07799522 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 07799522 uk-bus:Director1 2022-11-01 2023-10-31 07799522 uk-core:PlantMachinery 2022-11-01 2023-10-31 07799522 uk-core:ComputerEquipment 2022-11-01 2023-10-31 07799522 uk-core:CommercialMotorVehicles 2022-11-01 2023-10-31 07799522 uk-core:FurnitureFittings 2022-11-01 2023-10-31 07799522 uk-core:ComputerEquipment 2022-10-31 07799522 uk-core:FurnitureFittings 2022-10-31 07799522 uk-core:CommercialMotorVehicles 2022-10-31 07799522 uk-core:PlantMachinery 2022-10-31 07799522 uk-core:CommercialMotorVehicles 2023-10-31 07799522 uk-core:FurnitureFittings 2023-10-31 07799522 uk-core:ComputerEquipment 2023-10-31 07799522 uk-core:PlantMachinery 2023-10-31 07799522 uk-core:WithinOneYear 2023-10-31 07799522 uk-core:WithinOneYear 2022-10-31 07799522 uk-core:AfterOneYear uk-core:Secured 2023-10-31 07799522 uk-core:AfterOneYear uk-core:Secured 2022-10-31 iso4217:GBP xbrli:pure 07799522 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07799522 uk-bus:FRS102 2022-11-01 2023-10-31 07799522 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 07799522 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Hadgraft Electricals Ltd
Registered Number:07799522
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Hadgraft Electricals Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07799522
As at 31 October 2023
Hadgraft Electricals Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
26,328
31,794
2
26,328
31,794
Current assets
Inventories
9,300
9,000
3
Trade and other receivables
123,984
287,406
4
8,036
Cash and cash equivalents
18,406
314,812
141,320
Trade and other payables: amounts falling due within one
year
(98,559)
(209,828)
5
42,761
104,984
Net current assets
Total assets less current liabilities
131,312
74,555
Trade and other payables: amounts falling due after more
than one year
(43,350)
(24,221)
6
(6,000)
(6,000)
Provisions for liabilities
101,091
Net assets
25,205
Capital and reserves
Called up share capital
1
1
Retained earnings
101,090
25,204
101,091
25,205
Shareholders' funds
For the year ended 31 October 2023 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Adam Hadgraft Director
These financial statements were approved and authorised for issue by the Board on 30 October 2024 and were signed by:
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4
Registered Number :
07799522
For the year ended 31 October 2023
Hadgraft Electricals Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 October 2023
Hadgraft Electricals Ltd
Notes to the Financial Statements
Statutory Information
Hadgraft Electricals Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07799522.
Registered address:
Higher Hodgefield House
Whalley Old Rd
Billington
Clitheroe
BB7 9JE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 October 2023
Hadgraft Electricals Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 November 2022
73,008
-
1,340
23,999
47,669
1,116
1,116
-
-
-
Additions
At 31 October 2023
23,999
1,340
1,116
74,124
47,669
Provision for depreciation and impairment
At 01 November 2022
41,214
-
268
8,640
32,306
Charge for year
6,582
223
214
3,072
3,073
At 31 October 2023
47,796
223
482
11,712
35,379
At 31 October 2023
Net book value
12,290
12,287
858
893
26,328
At 31 October 2022
15,363
15,359
1,072
-
31,794
3. Inventories
2022
2023
£
£
Stocks
9,000
9,300
4. Trade and other receivables
2022
2023
£
£
Trade debtors
283,751
95,720
Other debtors
3,655
28,264
123,984
287,406
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,776
10,896
Trade creditors
109,205
61,541
Taxation and social security
62,079
11,485
Other creditors
27,768
14,637
209,828
98,559
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7
For the year ended 31 October 2023
Hadgraft Electricals Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
15,054
24,934
Other creditors
9,167
18,416
24,221
43,350
7. Average number of persons employed
During the year the average number of employees was 11 (2022 : 8)
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