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REGISTERED NUMBER: 01421906 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

E Parry Electrical Installations Limited

E Parry Electrical Installations Limited (Registered number: 01421906)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E Parry Electrical Installations Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: D Musson





REGISTERED OFFICE: 38a High Street
Loscoe
Derbyshire
DE75 7LE





REGISTERED NUMBER: 01421906 (England and Wales)

E Parry Electrical Installations Limited (Registered number: 01421906)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,553 7,570

CURRENT ASSETS
Stocks 4,943 11,528
Debtors 5 75,098 66,556
Cash at bank and in hand 17,434 27,063
97,475 105,147
CREDITORS
Amounts falling due within one year 6 36,513 43,299
NET CURRENT ASSETS 60,962 61,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,515

69,418

PROVISIONS FOR LIABILITIES 7 1,815 1,545
NET ASSETS 68,700 67,873

CAPITAL AND RESERVES
Called up share capital 8 136 136
Retained earnings 68,564 67,737
SHAREHOLDERS' FUNDS 68,700 67,873

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

E Parry Electrical Installations Limited (Registered number: 01421906)

Balance Sheet - continued
31st May 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 director and authorised for issue on 25th October 2024 and were signed by:





D Musson - Director


E Parry Electrical Installations Limited (Registered number: 01421906)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

E Parry Electrical Installations Limited 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. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

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.

E Parry Electrical Installations Limited (Registered number: 01421906)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st June 2023 568 2,602 42,030 45,200
Additions - - 5,950 5,950
Disposals - - (1,250 ) (1,250 )
At 31st May 2024 568 2,602 46,730 49,900
DEPRECIATION
At 1st June 2023 377 1,625 35,628 37,630
Charge for year 29 146 2,855 3,030
Eliminated on disposal - - (313 ) (313 )
At 31st May 2024 406 1,771 38,170 40,347
NET BOOK VALUE
At 31st May 2024 162 831 8,560 9,553
At 31st May 2023 191 977 6,402 7,570

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,932 62,649
Other debtors 5,166 3,907
75,098 66,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,078 4,599
Taxation and social security 16,619 19,308
Other creditors 13,816 19,392
36,513 43,299

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,815 1,545

E Parry Electrical Installations Limited (Registered number: 01421906)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st June 2023 1,545
Provided during year 270
Balance at 31st May 2024 1,815

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
135 Ordinary £1 135 135
1 Ordinary B £1 1 1
136 136