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REGISTERED NUMBER: 01047567 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Chambers Electrical (Wolverhampton)
Limited

Chambers Electrical (Wolverhampton)
Limited (Registered number: 01047567)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chambers Electrical (Wolverhampton)
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr L W Chambers
Mrs T L Chambers
Mr R Chambers





SECRETARY: Mrs T L Chambers





REGISTERED OFFICE: 74 Aldersley Road
Tettenhall
Wolverhampton
West Midlands
WV6 9LZ





REGISTERED NUMBER: 01047567 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Chambers Electrical (Wolverhampton)
Limited (Registered number: 01047567)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,704 58,826

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 89,312 118,194
Cash at bank and in hand 12,092 26,021
121,404 164,215
CREDITORS
Amounts falling due within one year 6 53,105 86,454
NET CURRENT ASSETS 68,299 77,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,003

136,587

CREDITORS
Amounts falling due after more than one
year

7

32,482

35,740
NET ASSETS 94,521 100,847

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 94,421 100,747
SHAREHOLDERS' FUNDS 94,521 100,847

Chambers Electrical (Wolverhampton)
Limited (Registered number: 01047567)

Balance Sheet - continued
30 April 2024


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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr R Chambers - Director


Chambers Electrical (Wolverhampton)
Limited (Registered number: 01047567)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Chambers Electrical (Wolverhampton) 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except In respect of service contracts where turnover is recognised when the company obtains the right to consideration.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 - 25% on reducing balance and 15% on reducing balance

No depreciation is provided on freehold buildings, as the buildings are maintained to such a standard that their estimated residual value is not less than their cost. The policy is not in accordance with FRS102 section 1A "small entities". However, in the opinion of the directors the effect is not material.

Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account 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.

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.

Chambers Electrical (Wolverhampton)
Limited (Registered number: 01047567)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 58,024 55,205 113,229
DEPRECIATION
At 1 May 2023 - 54,403 54,403
Charge for year - 122 122
At 30 April 2024 - 54,525 54,525
NET BOOK VALUE
At 30 April 2024 58,024 680 58,704
At 30 April 2023 58,024 802 58,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,901 107,536
Other debtors 14,411 10,658
89,312 118,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,451 8,984
Trade creditors 13,555 48,555
Taxation and social security 3,491 7,332
Other creditors 14,608 21,583
53,105 86,454

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 32,482 35,740

Chambers Electrical (Wolverhampton)
Limited (Registered number: 01047567)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 12,386 -
Bank loans 41,547 44,724
53,933 44,724

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr L W Chambers and Mrs T L Chambers
Balance outstanding at start of year 8,845 2,391
Amounts advanced 5,298 10,241
Amounts repaid (3,569 ) (3,787 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,574 8,845

Mr R Chambers
Balance outstanding at start of year - -
Amounts advanced 10,241 -
Amounts repaid (15,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,759 ) -