Registered number
12307817
Swindon Electrical Limited
Report and Accounts
30 November 2024
Swindon Electrical Limited
Registered number: 12307817
Directors' Report
The directors present their report and accounts for the year ended 30 November 2024.
Principal activities
The company's principal activity during the year continued to be Electrical Services …
Directors
The following persons served as directors during the year:
Mr Dominic Gowland
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 7 January 2025 and signed on its behalf.
Mr Dominic Gowland
Director
Swindon Electrical Limited
Accountants' Report
Accountants' report to the directors of
Swindon Electrical Limited
You consider that the company is exempt from an audit for the year ended 30 November 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
SAD Accountants Limited
Accountants
9 Dart Avenue
Swindon
SN25 3LB
7 January 2025
Swindon Electrical Limited
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 215,649 123,084
Cost of sales (126,145) (74,874)
Gross profit 89,504 48,210
Administrative expenses (95,244) (43,427)
Operating (loss)/profit (5,740) 4,783
Interest receivable 17 -
(Loss)/profit before taxation (5,723) 4,783
Tax on (loss)/profit - -
(Loss)/profit for the financial year (5,723) 4,783
Swindon Electrical Limited
Registered number: 12307817
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,988 11,045
Current assets
Debtors 4 2,897 -
Cash at bank and in hand 735 6,987
3,632 6,987
Creditors: amounts falling due within one year 5 (33,941) (33,630)
Net current liabilities (30,309) (26,643)
Total assets less current liabilities (21,321) (15,598)
Creditors: amounts falling due after more than one year 6 (10,678) (10,678)
Net liabilities (31,999) (26,276)
Capital and reserves
Called up share capital 1 1
Profit and loss account (32,000) (26,277)
Shareholders' funds (31,999) (26,276)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Dominic Gowland
Director
Approved by the board on 7 January 2025
Swindon Electrical Limited
Statement of Changes in Equity
for the year ended 30 November 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 December 2022 1 - - (29,060) (29,059)
Profit for the financial year 4,783 4,783
Dividends (2,000) (2,000)
At 30 November 2023 1 - - (26,277) (26,276)
At 1 December 2023 1 - - (26,277) (26,276)
Loss for the financial year (5,723) (5,723)
At 30 November 2024 1 - - (32,000) (31,999)
Swindon Electrical Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 7,885 20,685 28,570
At 30 November 2024 7,885 20,685 28,570
Depreciation
At 1 December 2023 3,688 13,837 17,525
Charge for the year 825 1,232 2,057
At 30 November 2024 4,513 15,069 19,582
Net book value
At 30 November 2024 3,372 5,616 8,988
At 30 November 2023 4,197 6,848 11,045
4 Debtors 2024 2023
£ £
Trade debtors 2,897 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5 -
Trade creditors 23,102 7,785
Taxation and social security costs (625) 13,386
Other creditors 11,459 12,459
33,941 33,630
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,503 8,503
Other creditors 2,175 2,175
10,678 10,678
7 Other information
Swindon Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
43 Olive Grove
Swindon
SN25 3DB
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