Registered number
10266896
T K Electrical Services Limited
Unaudited Filleted Accounts
31 July 2024
T K Electrical Services Limited
Registered number: 10266896
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,640 679
Current assets
Debtors 4 37,554 36,494
Cash at bank and in hand 82,190 50,484
119,744 86,978
Creditors: amounts falling due within one year 5 (86,547) (87,394)
Net current assets/(liabilities) 33,197 (416)
Total assets less current liabilities 67,837 263
Creditors: amounts falling due after more than one year 6 (18,050) -
Provisions for liabilities (8,660) (129)
Net assets 41,127 134
Capital and reserves
Called up share capital 10 10
Profit and loss account 41,117 124
Shareholders' funds 41,127 134
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T. Kemp
Director
Approved by the board on 31 January 2025
T K Electrical Services Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 3 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than director's loan accounts, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 2,465 - 2,465
Additions 312 39,970 40,282
At 31 July 2024 2,777 39,970 42,747
Depreciation
At 1 August 2023 1,786 - 1,786
Charge for the year 611 5,710 6,321
At 31 July 2024 2,397 5,710 8,107
Net book value
At 31 July 2024 380 34,260 34,640
At 31 July 2023 679 - 679
4 Debtors 2024 2023
£ £
Trade debtors 37,554 36,494
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,854 -
Trade creditors 3,338 9,337
Taxation and social security costs 47,767 37,047
Other creditors 29,588 41,010
86,547 87,394
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,050 -
7 Other information
T K Electrical Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lane End
140 Balcombe Road
Horley
Surrey
RH6 9DS
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