11400948falseELECTRICAL INSTALLATION AND REPAIRS2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11400948

AAA ELECTRICS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

AAA ELECTRICS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
AMARJIT SINGH HULLAIT
MRS AMARPREET KAUR HULLAIT
REGISTERED OFFICE
86 FOLEY ROAD WEST
SUTTON COLDFIELD
BIRMINGHAM
WEST MIDLANDS
B74 3NP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11400948
BANKERS
HSBC BANK PLC
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

AAA ELECTRICS LTD

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AAA ELECTRICS LTD

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets311,72013,220
CURRENT ASSETS
Stock745730
Debtors52,9292,449
Cash at bank and in hand1,4289,179
5,10212,358
CREDITORS: Amounts falling due within one year65,93014,228
NET CURRENT LIABILITIES(828)(1,870)
TOTAL ASSETS LESS CURRENT LIABILITIES10,89211,350
PROVISIONS FOR LIABILITIES AND CHARGES71,9242,176
NET ASSETS8,9689,174
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account8,9589,164
SHAREHOLDERS' FUNDS8,9689,174
For the year ending 31/03/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/11/2024 and signed on their behalf by
.............................
AMARJIT SINGH HULLAIT
Director

AAA ELECTRICS LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off fixed assets, less their estimated residual value, over their estimated useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Commercial Vehiclesstraight line10%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.

AAA ELECTRICS LTD

2. EMPLOYEES
20242023
No.No.
Average number of employees22
Key management personel is restricted to that of the two directors.
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/04/202310,6005,40016,000
Disposals-(400)(400)
At 31/03/202410,6005,00015,600
Depreciation
At 01/04/20232,0007802,780
Disposals-(400)(400)
For the year1,0005001,500
At 31/03/20243,0008803,880
Net Book Amounts
At 31/03/20247,6004,12011,720
At 31/03/20238,6004,62013,220
4. STOCK 20242023
££
Stock comprises:
Stock745730
745730
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,920806
Prepayments1,0091,643
2,9292,449

AAA ELECTRICS LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax495220
Directors current account2,77511,858
Accruals2,6602,150
5,93014,228
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,9242,176
1,9242,176
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
9. CONTROLLING PARTY
The company is owned by the two directors. Mr A S Hullait owns 20 per cent of the shares whilst his wife Mrs A K Hullait owns eighty per cent of the shares.
10. RELATED PARTY TRANSACTIONS
In the year ended 31 March 2024 the directors Mr A S Hullait received a dividend of £ 250 (2023 - £ 500) whilst Mrs A K Hullait received a dividend of £ 1,000 (2023 - £ 2,000).

AAA ELECTRICS LTD

11. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company is principally involved in providing electrical goods, installation and repairs, all of which is carried out within the United Kingdom.
12. GENERAL INFORMATION
AAA Electrics Ltd is a private company limited by shares and incorporated in England. Its registered office is 86 Foley Road West, Sutton Coldfield, West Midlands, B74 3NP.
The financial statements are prepared in United Kingdom Pounds Sterling, which is the functional currency of the company.