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REGISTERED NUMBER: 04724030 (England and Wales)















NOEL EDWARDS ELECTRICAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






NOEL EDWARDS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04724030)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


NOEL EDWARDS ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Director: D W Edwards





Registered office: 56 Bangor Road
Johnstown
Wrexham
Wrexam CB
LL14 2SP





Registered number: 04724030 (England and Wales)





Accountants: Xeinadin North West Ltd
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB

NOEL EDWARDS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04724030)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,517 11,328

Current assets
Stocks 551 466
Debtors 5 1,278 6,043
Cash at bank 53,027 47,590
54,856 54,099
Creditors
Amounts falling due within one year 6 34,802 31,582
Net current assets 20,054 22,517
Total assets less current liabilities 28,571 33,845

Provisions for liabilities 1,618 2,152
Net assets 26,953 31,693

Capital and reserves
Called up share capital 5 5
Retained earnings 26,948 31,688
Shareholders' funds 26,953 31,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

NOEL EDWARDS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04724030)

BALANCE SHEET - continued
31 MAY 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 5 February 2025 and were signed by:





D W Edwards - Director


NOEL EDWARDS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04724030)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

Noel Edwards Electrical Services 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.

Turnover
Turnover represents net sales of services, excluding value added tax. Income is recognised as payment becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

NOEL EDWARDS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 04724030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. Tangible fixed assets
Computer Motor
equipment vehicles Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 3,038 19,760 22,798
Depreciation
At 1 June 2023 2,825 8,645 11,470
Charge for year 32 2,779 2,811
At 31 May 2024 2,857 11,424 14,281
Net book value
At 31 May 2024 181 8,336 8,517
At 31 May 2023 213 11,115 11,328

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 925 5,721
Other debtors 353 322
1,278 6,043

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,339 1,385
Taxation and social security 5,230 7,062
Other creditors 28,233 23,135
34,802 31,582

7. Related party disclosures

The Director, Mr D W Edwards, operates a loan account with the company. As at 31st May 2024 the balance of the account was £15,769 in credit (2023 - £11,465). No interest is being charged on the loan and the balance is repayable on demand.

The Company also operates a loan account with its other shareholder, Mrs M Edwards. As at 31st May 2024 the balance of the loan account was £8,999 in credit (2023 - £7,999) No interest is being charged on the loan and the balance is repayable on demand.