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30/06/2024
2024-06-30
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No description of principal activities is disclosed
2023-07-01
Sage Accounts Production 23.0 - FRS102_2023
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xbrli:shares
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05448668
2023-07-01
2024-06-30
05448668
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05448668
2023-06-30
05448668
2022-07-01
2023-06-30
05448668
2023-06-30
05448668
2022-06-30
05448668
core:PlantMachinery
2023-07-01
2024-06-30
05448668
core:FurnitureFittingsToolsEquipment
2023-07-01
2024-06-30
05448668
core:NetGoodwill
2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-06-30
05448668
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2024-06-30
05448668
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-06-30
05448668
core:PlantMachinery
2023-06-30
05448668
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2023-06-30
05448668
core:MotorVehicles
2023-06-30
05448668
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-06-30
05448668
core:PlantMachinery
2024-06-30
05448668
core:FurnitureFittingsToolsEquipment
2024-06-30
05448668
core:MotorVehicles
2024-06-30
05448668
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2024-06-30
05448668
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2023-06-30
05448668
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2024-06-30
05448668
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2023-06-30
05448668
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2024-06-30
05448668
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2023-06-30
05448668
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core:OwnedOrFreeholdAssets
2023-07-01
2024-06-30
05448668
core:MotorVehicles
2023-07-01
2024-06-30
05448668
core:NetGoodwill
2023-06-30
05448668
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-06-30
05448668
core:PlantMachinery
2023-06-30
05448668
core:FurnitureFittingsToolsEquipment
2023-06-30
05448668
core:MotorVehicles
2023-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
05448668
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2023-07-01
2024-06-30
Company registration number:
05448668
Safelec Electrical Services Limited
Unaudited filleted financial statements
30 June 2024
Safelec Electrical Services Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Safelec Electrical Services Limited
Directors and other information
|
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Director |
W Johnstone |
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Secretary |
A Johnstone |
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Company number |
05448668 |
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Registered office |
32 Gruffitts Rake |
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Meols |
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Wirral |
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CH47 7AD |
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Accountant |
Hailwood & Co. |
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392-394 Hoylake Road |
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Moreton |
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Wirral |
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CH46 6DF |
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|
Safelec Electrical Services Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Safelec Electrical Services Limited
Year ended 30 June 2024
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2024, as set out on pages 3 to 8.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
24 January 2025
Safelec Electrical Services Limited
Statement of financial position
30 June 2024
|
|
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2024 |
|
|
|
2023 |
|
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|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
14,000 |
|
|
|
16,000 |
|
|
Tangible assets |
|
6 |
120,375 |
|
|
|
59,371 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
134,375 |
|
|
|
75,371 |
|
|
|
|
|
|
|
|
|
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Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
6,000 |
|
|
|
6,000 |
|
|
Debtors |
|
7 |
25,654 |
|
|
|
19,490 |
|
|
Cash at bank and in hand |
|
|
131,900 |
|
|
|
207,569 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
163,554 |
|
|
|
233,059 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
18,506) |
|
|
|
(
32,082) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
145,048 |
|
|
|
200,977 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
279,423 |
|
|
|
276,348 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
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|
|
|
279,423 |
|
|
|
276,348 |
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|
|
|
|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
279,323 |
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|
|
276,248 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
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|
|
|
279,423 |
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|
|
276,348 |
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|
|
|
|
_______ |
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|
_______ |
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 January 2025
, and are signed on behalf of the board by:
W Johnstone
Director
Company registration number:
05448668
Safelec Electrical Services Limited
Notes to the financial statements
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 32 Gruffitts Rake, Meols, Wirral, CH47 7AD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
Not depreciated |
|
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
|
|
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|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
4
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
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|
|
|
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At 1 July 2023 and 30 June 2024 |
30,000 |
30,000 |
|
|
|
|
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|
_______ |
_______ |
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|
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Amortisation |
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|
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At 1 July 2023 |
14,000 |
14,000 |
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|
|
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Charge for the year |
2,000 |
2,000 |
|
|
|
|
|
|
_______ |
_______ |
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|
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At 30 June 2024 |
16,000 |
16,000 |
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|
|
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|
_______ |
_______ |
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Carrying amount |
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|
|
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At 30 June 2024 |
14,000 |
14,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 June 2023 |
16,000 |
16,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 July 2023 |
55,390 |
7,440 |
2,073 |
17,995 |
82,898 |
|
|
|
Additions |
62,000 |
- |
- |
- |
62,000 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 30 June 2024 |
117,390 |
7,440 |
2,073 |
17,995 |
144,898 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 July 2023 |
- |
6,883 |
1,851 |
14,793 |
23,527 |
|
|
|
Charge for the year |
- |
139 |
56 |
801 |
996 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 30 June 2024 |
- |
7,022 |
1,907 |
15,594 |
24,523 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
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|
|
|
At 30 June 2024 |
117,390 |
418 |
166 |
2,401 |
120,375 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 30 June 2023 |
55,390 |
557 |
222 |
3,202 |
59,371 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
21,739 |
15,183 |
|
Other debtors |
|
3,915 |
4,307 |
|
|
|
_______ |
_______ |
|
|
|
25,654 |
19,490 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
3,323 |
8,359 |
|
Corporation tax |
|
7,523 |
16,074 |
|
Social security and other taxes |
|
- |
264 |
|
Other creditors |
|
7,660 |
7,385 |
|
|
|
_______ |
_______ |
|
|
|
18,506 |
32,082 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Controlling party
The company is controlled by the director whose name is shown on the director's report.
10.
Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.