Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseElectrical contractors22truetrue 05843961 2023-07-01 2024-06-30 05843961 2022-07-01 2023-06-30 05843961 2024-06-30 05843961 2023-06-30 05843961 c:Director1 2023-07-01 2024-06-30 05843961 d:PlantMachinery 2023-07-01 2024-06-30 05843961 d:PlantMachinery 2024-06-30 05843961 d:PlantMachinery 2023-06-30 05843961 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05843961 d:MotorVehicles 2023-07-01 2024-06-30 05843961 d:MotorVehicles 2024-06-30 05843961 d:MotorVehicles 2023-06-30 05843961 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05843961 d:FurnitureFittings 2023-07-01 2024-06-30 05843961 d:FurnitureFittings 2024-06-30 05843961 d:FurnitureFittings 2023-06-30 05843961 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05843961 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05843961 d:Goodwill 2024-06-30 05843961 d:Goodwill 2023-06-30 05843961 d:CurrentFinancialInstruments 2024-06-30 05843961 d:CurrentFinancialInstruments 2023-06-30 05843961 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05843961 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05843961 d:ShareCapital 2024-06-30 05843961 d:ShareCapital 2023-06-30 05843961 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 05843961 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 05843961 c:FRS102 2023-07-01 2024-06-30 05843961 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05843961 c:FullAccounts 2023-07-01 2024-06-30 05843961 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05843961 2 2023-07-01 2024-06-30 05843961 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05843961









HSE ELECTRICAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
HSE ELECTRICAL LIMITED
REGISTERED NUMBER: 05843961

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,651
5,813

  
4,651
5,813

Current assets
  

Debtors: amounts falling due within one year
 6 
606
942

Cash at bank and in hand
 7 
10,041
12,072

  
10,647
13,014

Creditors: amounts falling due within one year
 8 
(15,296)
(18,825)

Net current liabilities
  
 
 
(4,649)
 
 
(5,811)

Total assets less current liabilities
  
2
2

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
  
2
2

  
2
2


Page 1

 
HSE ELECTRICAL LIMITED
REGISTERED NUMBER: 05843961
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.




................................................
Andrew Hayler
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HSE ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

HSE Electrical Limited is a private company limited by shares, incorporated in England and Wales. The principal activity of the Company throughout the year was that of electrical contractors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
HSE ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HSE ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
HSE ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
30,000



At 30 June 2024

30,000



Amortisation


At 1 July 2023
30,000



At 30 June 2024

30,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
HSE ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 July 2023
8,162
19,081
806
28,049



At 30 June 2024

8,162
19,081
806
28,049



Depreciation


At 1 July 2023
7,684
13,764
788
22,236


Charge for the year on owned assets
95
1,063
4
1,162



At 30 June 2024

7,779
14,827
792
23,398



Net book value



At 30 June 2024
383
4,254
14
4,651



At 30 June 2023
478
5,317
18
5,813


6.


Debtors

2024
2023
£
£


Trade debtors
56
-

Other debtors
169
382

Prepayments and accrued income
381
560

606
942



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,041
12,072

10,041
12,072


Page 7

 
HSE ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,484
11,141

Other creditors
6,672
6,544

Accruals and deferred income
1,140
1,140

15,296
18,825



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
10,041
12,072




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


10.


Controlling party

There is no controlling party

 
Page 8