A N Electrical Limited


FINANCIAL STATEMENTS


for the year ended 31st March 2024



A N Electrical Limited

CONTENTS

for the year ended 31st March 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

A N Electrical Limited

Company No. 04729382

STATEMENT OF FINANCIAL POSITION

as at 31st March 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment5154062164573
154062164573
CURRENT ASSETS
Debtors64292446613
Cash at bank and in hand9193270650
134856117263
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7182208158177
NET CURRENT LIABILITIES(47352)(40914)
TOTAL ASSETS LESS CURRENT LIABILITIES106710123659
 
Creditors: amounts falling due
after more than one year86042164996
 
NET ASSETS4628958663
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings4618958563
SHAREHOLDERS FUNDS4628958663

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st March 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 9 December 2024


A Naylor

Director

Company Number 04729382 (England)

A N Electrical Limited

NOTES TO THE ACCOUNTS

for the year ended 31st March 2024


1   Statutory information

A N Electrical Limited is a private company limited by shares and registered under company number 04729382 in England. Its registered office address is Hook Green Barn, Melliker Lane, Hook Green, Meopham, Kent, DA13 0JB.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 4 (2023 - 3).

4   Intangible assets
£
Goodwill
 
Cost
At 1st April 2023 and
At 31st March 202430000
 
Amortisation
At 1st April 2023 and
At 31st March 202430000
 
Net Book Value
At 31st March 2024-
At 31st March 2023-

Intangible Fixed Assets are being written off in equal annual instalments over each asset's estimated economic life.


5   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st April 2023 1964001902829893396575
Additions-26815-26815
At 31st March 20241964002170979893423390
 
Depreciation
At 1st April 2023 137395850759532232002
Charge for year21455157819037326
At 31st March 20241588501008569622269328
 
Net Book Value
At 31st March 202437550116241271154062
At 31st March 202359005105207361164573
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 31st March 202447603--47603
At 31st March 202336655--36655

6   Debtors20242023
££
 
Trade Debtors4292446613
4292446613

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts3024220000
Obligations under finance lease and hire purchase contracts1416015326
Trade Creditors2829720909
Corporation tax1149921235
Taxes and social security costs6783154131
Other creditors2567822075
Accruals and deferred income45014501
182208158177

8   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts2500045000
Obligations under finance lease and hire purchase contracts3542119996
6042164996

9   Loans20242023
££
Analysis of maturity of debt:
 
Within one year3024220000
Between one and five years2500045000
5524265000

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
A Naylor71284329
71284329

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