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REGISTERED NUMBER: 04173327


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

FINCHWEY ELECTRICAL LIMITED

FINCHWEY ELECTRICAL LIMITED (REGISTERED NUMBER: 04173327)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINCHWEY ELECTRICAL LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2024







DIRECTORS: P G Wyatt
A J Henry





SECRETARY: D E Wyatt





REGISTERED OFFICE: 1st. Floor
76 Guildford Road
Lightwater
Surrey
GU18 5ST





REGISTERED NUMBER: 04173327





ACCOUNTANTS: Draper Accountants Limited
3 Quarry Close
Green Lane
Leatherhead
Surrey
KT22 8US

FINCHWEY ELECTRICAL LIMITED (REGISTERED NUMBER: 04173327)

BALANCE SHEET
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,285 16,073

CURRENT ASSETS
Stocks 22,000 20,560
Debtors 5 613,605 742,159
Cash at bank 149,161 401,529
784,766 1,164,248
CREDITORS
Amounts falling due within one year 6 472,185 782,059
NET CURRENT ASSETS 312,581 382,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,866

398,262

CREDITORS
Amounts falling due after more than one
year

7

54,908

61,250
NET ASSETS 342,958 337,012

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 342,858 336,912
SHAREHOLDERS' FUNDS 342,958 337,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

FINCHWEY ELECTRICAL LIMITED (REGISTERED NUMBER: 04173327)

BALANCE SHEET - continued
31st August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th January 2025 and were signed on its behalf by:





P G Wyatt - Director


FINCHWEY ELECTRICAL LIMITED (REGISTERED NUMBER: 04173327)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Finchwey Electrical Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 8 (2023 - 8 ) .

FINCHWEY ELECTRICAL LIMITED (REGISTERED NUMBER: 04173327)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 5,185 13,597 26,567 8,240 53,589
Additions - - 98,601 202 98,803
Disposals - - (9,952 ) - (9,952 )
At 31st August 2024 5,185 13,597 115,216 8,442 142,440
DEPRECIATION
At 1st September 2023 5,010 7,084 20,312 5,110 37,516
Charge for year 27 980 25,965 1,622 28,594
Eliminated on disposal - - (8,955 ) - (8,955 )
At 31st August 2024 5,037 8,064 37,322 6,732 57,155
NET BOOK VALUE
At 31st August 2024 148 5,533 77,894 1,710 85,285
At 31st August 2023 175 6,513 6,255 3,130 16,073

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st September 2023 16,615
Additions 51,273
Transfer to ownership (16,615 )
At 31st August 2024 51,273
DEPRECIATION
At 1st September 2023 11,357
Charge for year 12,818
Transfer to ownership (11,357 )
At 31st August 2024 12,818
NET BOOK VALUE
At 31st August 2024 38,455
At 31st August 2023 5,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 521,981 683,176
Other debtors 91,624 58,983
613,605 742,159

FINCHWEY ELECTRICAL LIMITED (REGISTERED NUMBER: 04173327)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,000 35,000
Hire purchase contracts 12,737 591
Trade creditors 227,442 418,607
Taxation and social security - 82,598
Other creditors 197,006 245,263
472,185 782,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,250 61,250
Hire purchase contracts 28,658 -
54,908 61,250