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Registered number: 12013255
Tudor Ridge Electrical Services Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
MSB Basildon
36 Southernhay
Basildon Town Centre
Essex
SS14 1ET
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 12013255
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 21,550 9,114
21,550 9,114
Creditors: Amounts Falling Due Within One Year 5 (125,692 ) (117,530 )
NET CURRENT ASSETS (LIABILITIES) (104,142 ) (108,416 )
TOTAL ASSETS LESS CURRENT LIABILITIES (104,142 ) (108,416 )
Creditors: Amounts Falling Due After More Than One Year 6 (32,500 ) (37,083 )
NET LIABILITIES (136,642 ) (145,499 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (136,742 ) (145,599 )
SHAREHOLDERS' FUNDS (136,642) (145,499)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs Sandra Vickers
Director
29/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Tudor Ridge Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12013255 . The registered office is 36 Southernhay, Basildon, Essex, SS14 1ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,550 9,114
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 69,703 34,882
Bank loans and overdrafts 7,282 4,028
Other taxes and social security 8,664 32,021
VAT 29,769 22,408
Other creditors - 505
Accruals and deferred income 1,750 1,750
Bounceback Loan 5,000 5,000
Director's loan account 3,524 16,936
125,692 117,530
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounceback Loan more than 1 year 32,500 37,083
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3