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Company Registration No. 08384642 (England and Wales)
Scott Clark Electrical Ltd Unaudited accounts for the year ended 31 March 2024
Scott Clark Electrical Ltd Unaudited accounts Contents
Page
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Scott Clark Electrical Ltd Company Information for the year ended 31 March 2024
Director
Mr S Clark
Company Number
08384642 (England and Wales)
Registered Office
98 Canada Drive Cherry Burton Beverley East Yorkshire HU17 7RH
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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Scott Clark Electrical Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,480 
17,968 
Current assets
Inventories
7,000 
2,500 
Debtors
16,686 
22,545 
Cash at bank and in hand
2,647 
5,263 
26,333 
30,308 
Creditors: amounts falling due within one year
(29,240)
(30,376)
Net current liabilities
(2,907)
(68)
Total assets less current liabilities
10,573 
17,900 
Creditors: amounts falling due after more than one year
(5,433)
(13,277)
Provisions for liabilities
Deferred tax
(2,561)
(3,414)
Net assets
2,579 
1,209 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,578 
1,208 
Shareholders' funds
2,579 
1,209 
For the year ending 31 March 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 6 September 2024 and were signed on its behalf by
Mr S Clark Director Company Registration No. 08384642
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Scott Clark Electrical Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Scott Clark Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 08384642. The registered office is 98 Canada Drive, Cherry Burton, Beverley, East Yorkshire, HU17 7RH.
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
20% on a reducing balance
Motor vehicles
25% on a reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Scott Clark Electrical Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
10,000 
At 31 March 2024
10,000 
Amortisation
At 1 April 2023
10,000 
At 31 March 2024
10,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
800 
32,195 
32,995 
At 31 March 2024
800 
32,195 
32,995 
Depreciation
At 1 April 2023
718 
14,309 
15,027 
Charge for the year
16 
4,472 
4,488 
At 31 March 2024
734 
18,781 
19,515 
Net book value
At 31 March 2024
66 
13,414 
13,480 
At 31 March 2023
82 
17,886 
17,968 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,185 
5,482 
Other debtors
15,501 
17,063 
16,686 
22,545 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
VAT
2,709 
3,047 
Obligations under finance leases and hire purchase contracts
5,876 
5,874 
Trade creditors
8,060 
9,586 
Taxes and social security
8,211 
7,921 
Other creditors
609 
173 
Accruals
775 
775 
29,240 
30,376 
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Scott Clark Electrical Ltd Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,500 
6,500 
Obligations under finance leases and hire purchase contracts
1,933 
6,777 
5,433 
13,277 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr S Clark
Loan
16,697 
28,636 
30,000 
15,333 
16,697 
28,636 
30,000 
15,333 
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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