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Company Registration No. 10228845 (England and Wales)
NEIL TAYLOR ELECTRICAL SERVICES LIMITED Filleted accounts for the year ended 30 June 2024
NEIL TAYLOR ELECTRICAL SERVICES LIMITED Filleted accounts Contents
Page
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NEIL TAYLOR ELECTRICAL SERVICES LIMITED Company Information for the year ended 30 June 2024
Directors
Neil Philip Taylor Anne Taylor
Company Number
10228845 (England and Wales)
Registered Office
11 Thursley Crescent Croydon Surrey CR0 0PR United Kingdom
Accountants
SSJ Accountants Ltd 173A High Street Beckenham Kent BR3 1AH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NEIL TAYLOR ELECTRICAL SERVICES LIMITED for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEIL TAYLOR ELECTRICAL SERVICES LIMITED for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of NEIL TAYLOR ELECTRICAL SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter dated 20 October 2016. Our work has been undertaken solely to prepare for your approval the accounts of NEIL TAYLOR ELECTRICAL SERVICES LIMITED and state those matters that we have agreed to state to the Board of Directors of NEIL TAYLOR ELECTRICAL SERVICES LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NEIL TAYLOR ELECTRICAL SERVICES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NEIL TAYLOR ELECTRICAL SERVICES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NEIL TAYLOR ELECTRICAL SERVICES LIMITED. You consider that NEIL TAYLOR ELECTRICAL SERVICES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of NEIL TAYLOR ELECTRICAL SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SSJ Accountants Ltd Chartered Accountants 173A High Street Beckenham Kent BR3 1AH 12 August 2024
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NEIL TAYLOR ELECTRICAL SERVICES LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,190 
6,680 
Current assets
Debtors
5,057 
9,178 
Cash at bank and in hand
8,425 
1,297 
13,482 
10,475 
Creditors: amounts falling due within one year
(15,686)
(14,852)
Net current liabilities
(2,204)
(4,377)
Total assets less current liabilities
2,986 
2,303 
Creditors: amounts falling due after more than one year
(4,061)
(8,491)
Net liabilities
(1,075)
(6,188)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,077)
(6,190)
Shareholders' funds
(1,075)
(6,188)
For the year ending 30 June 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 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 of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Neil Philip Taylor Director Company Registration No. 10228845
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NEIL TAYLOR ELECTRICAL SERVICES LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
NEIL TAYLOR ELECTRICAL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10228845. The registered office is 11 Thursley Crescent, Croydon, Surrey, CR0 0PR, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
25% Straight Line
Motor vehicles
20% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
9,935 
11,000 
20,935 
At 30 June 2024
9,935 
11,000 
20,935 
Depreciation
At 1 July 2023
6,859 
7,396 
14,255 
Charge for the year
769 
721 
1,490 
At 30 June 2024
7,628 
8,117 
15,745 
Net book value
At 30 June 2024
2,307 
2,883 
5,190 
At 30 June 2023
3,076 
3,604 
6,680 
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NEIL TAYLOR ELECTRICAL SERVICES LIMITED Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
430 
430 
Other debtors
4,233 
7,923 
4,663 
8,353 
Amounts falling due after more than one year
Accrued income and prepayments
394 
825 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,430 
4,430 
VAT
1,628 
1,469 
Taxes and social security
9,628 
8,880 
Loans from directors
- 
73 
15,686 
14,852 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,061 
8,491 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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