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Company Registration No. 10728634 (England and Wales)
Staffordshire Electrical Contractors Ltd Unaudited accounts for the year ended 30 April 2024
Staffordshire Electrical Contractors Ltd Unaudited accounts Contents
Page
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Staffordshire Electrical Contractors Ltd Company Information for the year ended 30 April 2024
Directors
Thomas Preston Sarah Preston
Secretary
Thomas Preston
Company Number
10728634 (England and Wales)
Registered Office
19 Skellern Avenue Bradeley Stoke-on-Trent Staffordshire ST6 7PN United Kingdom
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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Staffordshire Electrical Contractors Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,040 
16,560 
Current assets
Inventories
650 
900 
Debtors
364 
525 
Cash at bank and in hand
8,161 
11,039 
9,175 
12,464 
Creditors: amounts falling due within one year
(12,384)
(13,805)
Net current liabilities
(3,209)
(1,341)
Total assets less current liabilities
11,831 
15,219 
Creditors: amounts falling due after more than one year
(7,603)
(11,959)
Provisions for liabilities
Deferred tax
(2,858)
(3,047)
Net assets
1,370 
213 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,170 
13 
Shareholders' funds
1,370 
213 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by
Thomas Preston Director Company Registration No. 10728634
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Staffordshire Electrical Contractors Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Staffordshire Electrical Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10728634. The registered office is 19 Skellern Avenue, Bradeley, Stoke-on-Trent, Staffordshire, ST6 7PN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
20% reducing balance method.
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method.
Computer equipment
20% reducing balance method.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Staffordshire Electrical Contractors Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
2,697 
11,000 
2,438 
4,582 
20,717 
Additions
510 
- 
- 
- 
510 
Disposals
- 
- 
- 
(788)
(788)
At 30 April 2024
3,207 
11,000 
2,438 
3,794 
20,439 
Depreciation
At 1 May 2023
1,067 
- 
1,058 
2,032 
4,157 
Charge for the year
260 
1,000 
140 
360 
1,760 
On disposals
- 
- 
- 
(518)
(518)
At 30 April 2024
1,327 
1,000 
1,198 
1,874 
5,399 
Net book value
At 30 April 2024
1,880 
10,000 
1,240 
1,920 
15,040 
At 30 April 2023
1,630 
11,000 
1,380 
2,550 
16,560 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
364 
525 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,412 
5,412 
Trade creditors
1,049 
373 
Taxes and social security
5,114 
4,828 
Loans from directors
269 
2,652 
Accruals
540 
540 
12,384 
13,805 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,603 
11,959 
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Staffordshire Electrical Contractors Ltd Notes to the Accounts for the year ended 30 April 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,858 
3,047 
2024 
2023 
£ 
£ 
Provision at start of year
3,047 
1,425 
(Credited)/charged to the profit and loss account
(189)
1,622 
Provision at end of year
2,858 
3,047 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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