Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr D M Jarvis 03/04/2021 Mr D B F Thuel 03/04/2021 31 January 2025 The principal activity of the company during the year was electrical installation. 13313044 2024-04-30 13313044 bus:Director1 2024-04-30 13313044 bus:Director2 2024-04-30 13313044 2023-04-30 13313044 core:CurrentFinancialInstruments 2024-04-30 13313044 core:CurrentFinancialInstruments 2023-04-30 13313044 core:Non-currentFinancialInstruments 2024-04-30 13313044 core:Non-currentFinancialInstruments 2023-04-30 13313044 core:ShareCapital 2024-04-30 13313044 core:ShareCapital 2023-04-30 13313044 core:RetainedEarningsAccumulatedLosses 2024-04-30 13313044 core:RetainedEarningsAccumulatedLosses 2023-04-30 13313044 core:PlantMachinery 2023-04-30 13313044 core:Vehicles 2023-04-30 13313044 core:ComputerEquipment 2023-04-30 13313044 core:PlantMachinery 2024-04-30 13313044 core:Vehicles 2024-04-30 13313044 core:ComputerEquipment 2024-04-30 13313044 bus:OrdinaryShareClass1 2024-04-30 13313044 2023-05-01 2024-04-30 13313044 bus:FilletedAccounts 2023-05-01 2024-04-30 13313044 bus:SmallEntities 2023-05-01 2024-04-30 13313044 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13313044 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13313044 bus:Director1 2023-05-01 2024-04-30 13313044 bus:Director2 2023-05-01 2024-04-30 13313044 core:PlantMachinery 2023-05-01 2024-04-30 13313044 core:Vehicles 2023-05-01 2024-04-30 13313044 core:ComputerEquipment 2023-05-01 2024-04-30 13313044 2022-05-01 2023-04-30 13313044 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 13313044 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13313044 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13313044 (England and Wales)

J AND T ELECTRICAL SERVICES LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

J AND T ELECTRICAL SERVICES LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

J AND T ELECTRICAL SERVICES LTD

BALANCE SHEET

As at 30 April 2024
J AND T ELECTRICAL SERVICES LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 56,023 49,285
56,023 49,285
Current assets
Stocks 4 31,000 19,510
Debtors 5 29,810 49,285
Cash at bank and in hand 114,090 138,507
174,900 207,302
Creditors: amounts falling due within one year 6 ( 121,421) ( 105,324)
Net current assets 53,479 101,978
Total assets less current liabilities 109,502 151,263
Creditors: amounts falling due after more than one year 7 ( 3,947) ( 11,672)
Provision for liabilities ( 14,006) ( 12,321)
Net assets 91,549 127,270
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 91,547 127,268
Total shareholders' funds 91,549 127,270

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of J and T Electrical Services Ltd (registered number: 13313044) were approved and authorised for issue by the Board of Directors on 31 January 2025. They were signed on its behalf by:

Mr D M Jarvis
Director
Mr D B F Thuel
Director
J AND T ELECTRICAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
J AND T ELECTRICAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J and T Electrical Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Construction contracts

Turnover and costs from contracts are recognised based on the stage of completion which is measured by estimated cost to complete. If it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 20 % reducing balance
Computer equipment 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 May 2023 7,882 52,585 4,679 65,146
Additions 1,450 17,291 2,831 21,572
At 30 April 2024 9,332 69,876 7,510 86,718
Accumulated depreciation
At 01 May 2023 2,475 12,215 1,171 15,861
Charge for the financial year 1,716 11,532 1,586 14,834
At 30 April 2024 4,191 23,747 2,757 30,695
Net book value
At 30 April 2024 5,141 46,129 4,753 56,023
At 30 April 2023 5,407 40,370 3,508 49,285

4. Stocks

2024 2023
£ £
Stocks 1,000 1,000
Work in progress 30,000 18,510
31,000 19,510

5. Debtors

2024 2023
£ £
Trade debtors 22,791 37,970
Other debtors 7,019 11,315
29,810 49,285

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 47,447 0
Trade creditors 21,159 51,512
Amounts owed to directors 7,767 7,003
Accruals 3,507 2,050
Taxation and social security 25,271 29,143
Obligations under finance leases and hire purchase contracts 7,725 5,963
Other creditors 8,545 9,653
121,421 105,324

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 3,947 11,672

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2