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Company Registration No. 10616204 (England and Wales)
Sc Electrical (ne) Ltd Unaudited accounts for the year ended 29 February 2024
Sc Electrical (ne) Ltd Unaudited accounts Contents
Page
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Sc Electrical (ne) Ltd Company Information for the year ended 29 February 2024
Director
Mr Sean Barnes
Company Number
10616204 (England and Wales)
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Sc Electrical (ne) Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,270 
5,694 
Current assets
Inventories
750 
750 
Debtors
- 
10,305 
Cash at bank and in hand
1,128 
564 
1,878 
11,619 
Creditors: amounts falling due within one year
(12,074)
(17,477)
Net current liabilities
(10,196)
(5,858)
Total assets less current liabilities
(5,926)
(164)
Creditors: amounts falling due after more than one year
- 
(597)
Net liabilities
(5,926)
(761)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,928)
(763)
Shareholders' funds
(5,926)
(761)
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
Mr Sean Barnes Director Company Registration No. 10616204
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Sc Electrical (ne) Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sc Electrical (ne) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10616204.
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.
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% RB
Motor vehicles
25% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
7,000 
At 29 February 2024
7,000 
Amortisation
At 1 March 2023
7,000 
At 29 February 2024
7,000 
Net book value
At 29 February 2024
- 
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Sc Electrical (ne) Ltd Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
4,841 
8,994 
13,835 
At 29 February 2024
4,841 
8,994 
13,835 
Depreciation
At 1 March 2023
1,991 
6,150 
8,141 
Charge for the year
713 
711 
1,424 
At 29 February 2024
2,704 
6,861 
9,565 
Net book value
At 29 February 2024
2,137 
2,133 
4,270 
At 28 February 2023
2,850 
2,844 
5,694 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
10,305 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,314 
2,257 
Taxes and social security
398 
5,124 
Loans from directors
9,042 
8,776 
Accruals
1,320 
1,320 
12,074 
17,477 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
597 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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