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Registration number: 11976619

Staffordshire Electrical UK Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Staffordshire Electrical UK Limited

Contents

Balance Sheet

1 to 2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

Staffordshire Electrical UK Limited

(Registration number: 11976619)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

46,057

12,172

Current assets

 

Debtors

5

5,237

6,262

Cash at bank and in hand

 

12,087

8,311

 

17,324

14,573

Creditors: Amounts falling due within one year

6

(27,047)

(3,192)

Net current (liabilities)/assets

 

(9,723)

11,381

Total assets less current liabilities

 

36,334

23,553

Provisions for liabilities

(8,751)

(2,313)

Net assets

 

27,583

21,240

Capital and reserves

 

Called up share capital

100

100

Retained earnings

27,483

21,140

Shareholders' funds

 

27,583

21,240

 

Staffordshire Electrical UK Limited

(Registration number: 11976619)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 January 2025 and signed on its behalf by:
 

.........................................
Mr L Boon
Director

 

Staffordshire Electrical UK Limited

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Retained earnings
£

Total
£

At 1 June 2023

100

21,140

21,240

Profit for the year

-

8,343

8,343

Dividends

-

(2,000)

(2,000)

At 31 May 2024

100

27,483

27,583

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

1

21,005

21,006

Profit for the year

-

8,135

8,135

Dividends

-

(8,000)

(8,000)

New share capital subscribed

99

-

99

At 31 May 2023

100

21,140

21,240

 

Staffordshire Electrical UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services provided in the ordinary course of the company’s activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Staffordshire Electrical UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Motor vehicles

20% reducing balance

Computer equipment

33% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

 

Staffordshire Electrical UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Fixtures & fittings
£

Motor vehicles
 £

Computer equipment
£

Total
£

Cost or valuation

At 1 June 2023

1,050

25,150

2,498

28,698

Additions

-

42,000

925

42,925

At 31 May 2024

1,050

67,150

3,423

71,623

Depreciation

At 1 June 2023

467

13,561

2,498

16,526

Charge for the year

117

8,618

305

9,040

At 31 May 2024

584

22,179

2,803

25,566

Carrying amount

At 31 May 2024

466

44,971

620

46,057

At 31 May 2023

583

11,589

-

12,172

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

905

-

Amounts owed by related parties

-

1,362

Prepayments

 

1,448

-

Other debtors

 

2,884

4,900

   

5,237

6,262

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

3,448

536

Amounts owed to related parties

4,029

-

Taxation and social security

 

3,146

742

Other creditors

 

16,424

1,914

 

27,047

3,192