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REGISTERED NUMBER: 08091287 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELDERFIELD ELECTRICAL LIMITED

ELDERFIELD ELECTRICAL LIMITED (REGISTERED NUMBER: 08091287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELDERFIELD ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A J Elderfield





REGISTERED OFFICE: 5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 08091287 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

ELDERFIELD ELECTRICAL LIMITED (REGISTERED NUMBER: 08091287)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,820 5,628

CURRENT ASSETS
Debtors 5 10,015 6,870
Cash at bank 29,027 70,638
39,042 77,508
CREDITORS
Amounts falling due within one year 6 12,426 32,265
NET CURRENT ASSETS 26,616 45,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,436

50,871

CREDITORS
Amounts falling due after more than one
year

7

(5,881

)

-

PROVISIONS FOR LIABILITIES (5,096 ) (1,069 )
NET ASSETS 42,459 49,802

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,458 49,801
SHAREHOLDERS' FUNDS 42,459 49,802

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

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

ELDERFIELD ELECTRICAL LIMITED (REGISTERED NUMBER: 08091287)

BALANCE SHEET - continued
31 MARCH 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 November 2024 and were signed by:





A J Elderfield - Director


ELDERFIELD ELECTRICAL LIMITED (REGISTERED NUMBER: 08091287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Elderfield Electrical 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.

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 net invoiced sales of goods and services, excluding value added tax.

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
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ELDERFIELD ELECTRICAL LIMITED (REGISTERED NUMBER: 08091287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 9,748 1,004 10,752
Additions 30,997 - 30,997
Disposals (8,250 ) - (8,250 )
At 31 March 2024 32,495 1,004 33,499
DEPRECIATION
At 1 April 2023 4,162 962 5,124
Charge for year 4,727 11 4,738
Eliminated on disposal (3,183 ) - (3,183 )
At 31 March 2024 5,706 973 6,679
NET BOOK VALUE
At 31 March 2024 26,789 31 26,820
At 31 March 2023 5,586 42 5,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,118 5,935
Other debtors 1,065 935
Tax 4,576 -
VAT 1,256 -
10,015 6,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,945 15,830
Trade creditors 408 -
Tax - 12,053
VAT - 1,046
Directors' current accounts 6,090 2,513
Accrued expenses 983 823
12,426 32,265

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 5,881 -

8. RELATED PARTY DISCLOSURES

The company is controlled by its director Mr A Elderfield, by virtue of the fact that the director owns 100% of the company's ordinary issued share capital.