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REGISTERED NUMBER: 04723629 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

AB Electrical Services (Hull) Limited

AB Electrical Services (Hull) Limited (Registered number: 04723629)






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


AB Electrical Services (Hull) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A M Smith
S Ladley
J W Smith





SECRETARY: Mrs A Smith





REGISTERED OFFICE: Unit 2B Station Mills
Station Road
Cottingham
East Yorkshire
HU16 4LL





REGISTERED NUMBER: 04723629 (England and Wales)






AB Electrical Services (Hull) Limited (Registered number: 04723629)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,031 79,637

CURRENT ASSETS
Stocks 1,000 2,500
Debtors 5 260,250 281,468
Cash at bank and in hand 385,889 322,438
647,139 606,406
CREDITORS
Amounts falling due within one year 6 246,661 235,364
NET CURRENT ASSETS 400,478 371,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,509

450,679

CREDITORS
Amounts falling due after more than one
year

7

(1,945

)

(8,622

)

PROVISIONS FOR LIABILITIES (18,508 ) (19,910 )
NET ASSETS 454,056 422,147

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 15,999 15,999
Retained earnings 437,955 406,046
454,056 422,147

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 directors acknowledge their 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.

AB Electrical Services (Hull) Limited (Registered number: 04723629)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





A M Smith - Director


AB Electrical Services (Hull) Limited (Registered number: 04723629)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

AB Electrical Services (Hull) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 services and goods, excluding value added tax.

Revenue Recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 15% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an 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. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is calculated at an average cost basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

AB Electrical Services (Hull) Limited (Registered number: 04723629)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 168,808
Additions 22,822
Disposals (19,358 )
At 30 April 2024 172,272
DEPRECIATION
At 1 May 2023 89,171
Charge for year 28,082
Eliminated on disposal (19,012 )
At 30 April 2024 98,241
NET BOOK VALUE
At 30 April 2024 74,031
At 30 April 2023 79,637

AB Electrical Services (Hull) Limited (Registered number: 04723629)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 50,228
DEPRECIATION
At 1 May 2023 11,550
Charge for year 12,557
At 30 April 2024 24,107
NET BOOK VALUE
At 30 April 2024 26,121
At 30 April 2023 38,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 254,192 237,937
Other debtors 6,058 43,531
260,250 281,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 6,681 8,139
Trade creditors 134,338 134,171
Taxation and social security 63,295 56,776
Other creditors 42,347 36,278
246,661 235,364

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 1,945 8,622

AB Electrical Services (Hull) Limited (Registered number: 04723629)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 6,681 8,139
Between one and five years 1,945 8,622
8,626 16,761

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 8,626 16,761

The hire purchase is secured on the asset to which is relates.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.