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REGISTERED NUMBER: 04729568 (England and Wales)















Financial Statements For The Year Ended 30 April 2024

for

Selectrics Electrical Contractors Ltd

Selectrics Electrical Contractors Ltd (Registered number: 04729568)






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


Selectrics Electrical Contractors Ltd

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mrs V J Spragg
K C Spragg





REGISTERED OFFICE: Unit 2
Layhams Farm
Layhams Road
Keston
Kent
BR2 6AR





REGISTERED NUMBER: 04729568 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

Selectrics Electrical Contractors Ltd (Registered number: 04729568)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,606 12,122

CURRENT ASSETS
Debtors 5 35,854 51,871
Cash at bank 185,415 83,945
221,269 135,816
CREDITORS
Amounts falling due within one year 6 198,485 125,186
NET CURRENT ASSETS 22,784 10,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,390

22,752

CREDITORS
Amounts falling due after more than one
year

7

12,515

22,455
NET ASSETS 41,875 297

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 41,873 295
SHAREHOLDERS' FUNDS 41,875 297

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.

Selectrics Electrical Contractors Ltd (Registered number: 04729568)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





K C Spragg - Director


Selectrics Electrical Contractors Ltd (Registered number: 04729568)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Selectrics Electrical Contractors 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 each asset over its estimated useful life.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year 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.

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 year 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 year was 4 (2023 - 4 ) .

Selectrics Electrical Contractors Ltd (Registered number: 04729568)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 870 55,146 56,016
Additions - 30,429 30,429
Disposals - (25,224 ) (25,224 )
At 30 April 2024 870 60,351 61,221
DEPRECIATION
At 1 May 2023 870 43,024 43,894
Charge for year - 7,904 7,904
Eliminated on disposal - (22,183 ) (22,183 )
At 30 April 2024 870 28,745 29,615
NET BOOK VALUE
At 30 April 2024 - 31,606 31,606
At 30 April 2023 - 12,122 12,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,167 33,910
Other debtors 12,687 17,961
35,854 51,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,985 10,047
Trade creditors 94,353 23,674
Taxation and social security 72,330 61,903
Other creditors 21,817 29,562
198,485 125,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,515 22,455