Company Registration No. 12009703 (England and Wales)
GIFFORD’S ELECTRICAL LTD
Unaudited accounts
for the year ended 31 May 2024
GIFFORD’S ELECTRICAL LTD
Unaudited accounts
Contents
GIFFORD’S ELECTRICAL LTD
Company Information
for the year ended 31 May 2024
Company Number
12009703 (England and Wales)
Registered Office
31 31 Towns End
Hailey
Oxfordshire
United Kingdom
OX29 9TX
Accountants
D&K Accounting Ltd
Beehive Offices
Bawtry Hall
Bawtry
DN10 6JH
GIFFORD’S ELECTRICAL LTD
Statement of financial position
as at 31 May 2024
Tangible assets
10,843
1,281
Cash at bank and in hand
840
1,907
Creditors: amounts falling due within one year
(31,112)
(8,846)
Net current (liabilities)/assets
(23,818)
7,370
Total assets less current liabilities
(12,975)
8,651
Creditors: amounts falling due after more than one year
(30,563)
(15,500)
Provisions for liabilities
Net liabilities
(45,598)
(7,092)
Called up share capital
1
1
Profit and loss account
(45,599)
(7,093)
Shareholders' funds
(45,598)
(7,092)
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 members have 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 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 18 November 2024 and were signed on its behalf by
Craig Gifford
Director
Company Registration No. 12009703
GIFFORD’S ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 May 2024
GIFFORD’S ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12009703. The registered office is 31 31 Towns End, Hailey, Oxfordshire, United Kingdom, OX29 9TX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% Straight Line Method
Motor vehicles
25% Straight Line Method
Computer equipment
25% Straight Line Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
2,895
4,303
927
8,125
Additions
649
12,500
239
13,388
At 31 May 2024
3,544
16,803
1,166
21,513
At 1 June 2023
2,143
4,148
553
6,844
Charge for the year
805
2,759
262
3,826
At 31 May 2024
2,948
6,907
815
10,670
At 31 May 2024
596
9,896
351
10,843
At 31 May 2023
752
155
374
1,281
GIFFORD’S ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
1,837
970
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,200
3,300
Trade creditors
5,228
4,117
Taxes and social security
82
175
Other creditors
17,131
1,254
Loans from directors
6,471
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Deferred taxation
2024
2023
Accelerated capital allowances
2,060
243
Provision at start of year
243
628
Charged/(credited) to the profit and loss account
1,817
(385)
Provision at end of year
2,060
243
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).