Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07631319 Mr Nicolas Austin Mr Hayden Rich iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07631319 2023-05-31 07631319 2024-05-31 07631319 2023-06-01 2024-05-31 07631319 frs-core:CurrentFinancialInstruments 2024-05-31 07631319 frs-core:Non-currentFinancialInstruments 2024-05-31 07631319 frs-core:PlantMachinery 2024-05-31 07631319 frs-core:PlantMachinery 2023-06-01 2024-05-31 07631319 frs-core:PlantMachinery 2023-05-31 07631319 frs-core:ShareCapital 2024-05-31 07631319 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07631319 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07631319 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07631319 frs-bus:SmallEntities 2023-06-01 2024-05-31 07631319 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07631319 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07631319 frs-bus:Director1 2023-06-01 2024-05-31 07631319 frs-bus:Director2 2023-06-01 2024-05-31 07631319 frs-countries:EnglandWales 2023-06-01 2024-05-31 07631319 2022-05-31 07631319 2023-05-31 07631319 2022-06-01 2023-05-31 07631319 frs-core:CurrentFinancialInstruments 2023-05-31 07631319 frs-core:Non-currentFinancialInstruments 2023-05-31 07631319 frs-core:ShareCapital 2023-05-31 07631319 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07631319
Total Electrical Solutions Nationwide Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07631319
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,288 3,052
3,288 3,052
CURRENT ASSETS
Debtors 5 73,708 38,144
Cash at bank and in hand 161,563 191,146
235,271 229,290
Creditors: Amounts Falling Due Within One Year 6 (48,252 ) (12,575 )
NET CURRENT ASSETS (LIABILITIES) 187,019 216,715
TOTAL ASSETS LESS CURRENT LIABILITIES 190,307 219,767
NET ASSETS 190,307 219,767
CAPITAL AND RESERVES
Called up share capital 7 6 6
Profit and Loss Account 190,301 219,761
SHAREHOLDERS' FUNDS 190,307 219,767
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicolas Austin
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Total Electrical Solutions Nationwide Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07631319 . The registered office is Unit 5 Ivy House Farm, Wolvershill Road, Banwell, Somerset, BS29 6LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 12,496
Additions 1,332
As at 31 May 2024 13,828
Depreciation
As at 1 June 2023 9,444
Provided during the period 1,096
As at 31 May 2024 10,540
Net Book Value
As at 31 May 2024 3,288
As at 1 June 2023 3,052
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,138 3,328
Prepayments and accrued income 1,313 1,268
VAT 11,233 2,357
40,684 6,953
Due after more than one year
Construction Industry Scheme 33,024 31,191
73,708 38,144
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,772 2,729
Corporation tax 17,361 9,667
Other creditors 127 187
Amounts owed to related parties (8 ) (8 )
48,252 12,575
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 4