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REGISTERED NUMBER: 03940389 (England and Wales)















HOME COUNTIES
ELECTRICAL SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






HOME COUNTIES
ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 03940389)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOME COUNTIES
ELECTRICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr S L MacIntosh





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 03940389 (England and Wales)






HOME COUNTIES
ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 03940389)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,807 10,513

CURRENT ASSETS
Stocks 3,000 500
Debtors 5 1,850 10,812
Cash at bank 9,570 7,148
14,420 18,460
CREDITORS
Amounts falling due within one year 6 57,978 32,493
NET CURRENT LIABILITIES (43,558 ) (14,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,751

)

(3,520

)

CREDITORS
Amounts falling due after more than one
year

7

5,667

11,400
NET LIABILITIES (40,418 ) (14,920 )

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (40,528 ) (15,030 )
SHAREHOLDERS' FUNDS (40,418 ) (14,920 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

HOME COUNTIES
ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 03940389)

BALANCE SHEET - continued
30 APRIL 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 15 October 2024 and were signed by:





Mr S L MacIntosh - Director


HOME COUNTIES
ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 03940389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Home Counties Electrical Services Ltd 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.

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 represents the total invoice value, excluding VAT, as derived from its principal activity wholly undertaken in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HOME COUNTIES
ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 03940389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 4,761 43,417 - 48,178
Additions - - 1,498 1,498
Disposals (2,218 ) (20,283 ) - (22,501 )
At 30 April 2024 2,543 23,134 1,498 27,175
DEPRECIATION
At 1 May 2023 4,761 32,904 - 37,665
Charge for year - 1,924 399 2,323
Eliminated on disposal (2,218 ) (19,402 ) - (21,620 )
At 30 April 2024 2,543 15,426 399 18,368
NET BOOK VALUE
At 30 April 2024 - 7,708 1,099 8,807
At 30 April 2023 - 10,513 - 10,513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 5,785
Prepayments and accrued income 1,850 5,027
1,850 10,812

HOME COUNTIES
ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 03940389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 8) 4,000 4,000
Hire purchase contracts - 800
Trade creditors 3,128 8,945
Social security and other taxes 586 (120 )
VAT 369 331
Directors' current accounts 45,912 15,912
Accrued expenses 3,983 2,625
57,978 32,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 8) 5,667 9,667
Hire purchase contracts - 1,733
5,667 11,400

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,000 4,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,000 4,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,667 5,667

HOME COUNTIES
ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 03940389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mrs S D Pennington
Balance outstanding at start of year - 9,598
Amounts repaid - (9,598 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr M Valaydon
Balance outstanding at start of year - 9,599
Amounts repaid - (9,599 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr S L MacIntosh
Balance outstanding at start of year 15,912 -
Amounts advanced 30,000 15,912
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,912 15,912