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REGISTERED NUMBER: 11768877 (England and Wales)









STREET ELECTRICAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2023 TO 29 JANUARY 2024






STREET ELECTRICAL LTD (REGISTERED NUMBER: 11768877)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STREET ELECTRICAL LTD

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024







DIRECTOR: D Street





REGISTERED OFFICE: Street Electrical
Projects House
Fitzherbert Road
Portsmouth
Hampshire
PO6 1RU





REGISTERED NUMBER: 11768877 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

STREET ELECTRICAL LTD (REGISTERED NUMBER: 11768877)

BALANCE SHEET
29 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14 2,644

CURRENT ASSETS
Debtors 5 180,420 155,467
Cash at bank 4,921 5,649
185,341 161,116
CREDITORS
Amounts falling due within one year 6 166,455 126,579
NET CURRENT ASSETS 18,886 34,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,900

37,181

CREDITORS
Amounts falling due after more than one
year

7

(18,366

)

(21,388

)

PROVISIONS FOR LIABILITIES (3 ) (661 )
NET ASSETS 531 15,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 431 15,032
SHAREHOLDERS' FUNDS 531 15,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 January 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.

STREET ELECTRICAL LTD (REGISTERED NUMBER: 11768877)

BALANCE SHEET - continued
29 JANUARY 2024


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 28 January 2025 and were signed by:





D Street - Director


STREET ELECTRICAL LTD (REGISTERED NUMBER: 11768877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

1. STATUTORY INFORMATION

Street Electrical Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other 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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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

Taxation
Taxation for the period 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.


STREET ELECTRICAL LTD (REGISTERED NUMBER: 11768877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 29 January 2024 207 12,300 1,505 14,012
DEPRECIATION
At 1 February 2023 155 9,750 1,463 11,368
Charge for period 52 2,536 42 2,630
At 29 January 2024 207 12,286 1,505 13,998
NET BOOK VALUE
At 29 January 2024 - 14 - 14
At 31 January 2023 52 2,550 42 2,644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,218 41,933
Other debtors 167,202 113,534
180,420 155,467

STREET ELECTRICAL LTD (REGISTERED NUMBER: 11768877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,333 3,333
Taxation and social security 144,169 109,290
Other creditors 18,953 13,956
166,455 126,579

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,366 21,388

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 5,033 8,055

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 January 2024 and the year ended 31 January 2023:

2024 2023
£    £   
D Street
Balance outstanding at start of period 84,767 44,327
Amounts advanced 86,037 94,983
Amounts repaid (45,911 ) (54,543 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 124,893 84,767