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REGISTERED NUMBER: 05554090 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

NORTHWAY ELECTRICAL SERVICES LIMITED

NORTHWAY ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05554090)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTHWAY ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: D J Yendall





REGISTERED OFFICE: Wayside
Ninehams Road
Tatsfield
Surrey
TN16 2AJ





REGISTERED NUMBER: 05554090 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

NORTHWAY ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05554090)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,567 3,155

CURRENT ASSETS
Debtors 5 40,859 76,065
Cash at bank and in hand 36,750 24,494
77,609 100,559
CREDITORS
Amounts falling due within one year 6 (40,539 ) (53,656 )
NET CURRENT ASSETS 37,070 46,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,637

50,058

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 39,636 50,057
SHAREHOLDERS' FUNDS 39,637 50,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 October 2024 and were signed by:



D J Yendall - Director


NORTHWAY ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05554090)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Northway Electrical Services Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2023 - 2 ) .

NORTHWAY ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05554090)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 25,329 14,189 20,000 59,518
Additions - 268 - 268
At 30 June 2024 25,329 14,457 20,000 59,786
DEPRECIATION
At 1 July 2023 23,652 13,344 19,367 56,363
Charge for year 420 278 158 856
At 30 June 2024 24,072 13,622 19,525 57,219
NET BOOK VALUE
At 30 June 2024 1,257 835 475 2,567
At 30 June 2023 1,677 845 633 3,155

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,859 76,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,867 10,165
Amounts owed to group undertakings 10,284 10,284
Taxation and social security 20,567 25,659
Other creditors 1,821 7,548
40,539 53,656

7. RESERVES
Retained
earnings
£   

At 1 July 2023 50,057
Profit for the year 46,667
Dividends (57,088 )
At 30 June 2024 39,636