IRIS Accounts Production v24.3.2.46 11286557 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112865572023-05-31112865572024-05-31112865572023-06-012024-05-31112865572022-05-31112865572022-06-012023-05-31112865572023-05-3111286557ns15:EnglandWales2023-06-012024-05-3111286557ns14:PoundSterling2023-06-012024-05-3111286557ns10:Director12023-06-012024-05-3111286557ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111286557ns10:SmallEntities2023-06-012024-05-3111286557ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111286557ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111286557ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111286557ns10:FullAccounts2023-06-012024-05-3111286557ns10:RegisteredOffice2023-06-012024-05-3111286557ns5:CurrentFinancialInstruments2024-05-3111286557ns5:CurrentFinancialInstruments2023-05-3111286557ns5:Non-currentFinancialInstruments2024-05-3111286557ns5:Non-currentFinancialInstruments2023-05-3111286557ns5:ShareCapital2024-05-3111286557ns5:ShareCapital2023-05-3111286557ns5:RetainedEarningsAccumulatedLosses2024-05-3111286557ns5:RetainedEarningsAccumulatedLosses2023-05-3111286557ns5:FurnitureFittings2023-06-012024-05-3111286557ns5:ComputerEquipment2023-06-012024-05-3111286557ns5:PlantMachinery2023-05-3111286557ns5:PlantMachinery2023-06-012024-05-3111286557ns5:PlantMachinery2024-05-3111286557ns5:PlantMachinery2023-05-3111286557ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111286557ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 11286557 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

TS Electrical (Buckingham) Limited

TS Electrical (Buckingham) Limited (Registered number: 11286557)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


TS Electrical (Buckingham) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr T Saevarsson





REGISTERED OFFICE: Unit 13
Homeground
Buckingham Industrial Estate
Buckingham
Buckinghamshire
MK18 1UH





REGISTERED NUMBER: 11286557 (England and Wales)

TS Electrical (Buckingham) Limited (Registered number: 11286557)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,565 39,363

CURRENT ASSETS
Debtors 5 146,592 175,148
Cash at bank - 7,501
146,592 182,649
CREDITORS
Amounts falling due within one year 6 (186,627 ) (134,239 )
NET CURRENT (LIABILITIES)/ASSETS (40,035 ) 48,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,470

)

87,773

CREDITORS
Amounts falling due after more than one year 7 (67,497 ) (84,275 )
NET (LIABILITIES)/ASSETS (76,967 ) 3,498

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (77,067 ) 3,398
(76,967 ) 3,498

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:




Mr T Saevarsson - Director


TS Electrical (Buckingham) Limited (Registered number: 11286557)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

TS Electrical (Buckingham) 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 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

TS Electrical (Buckingham) Limited (Registered number: 11286557)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 55,262
Additions 1,243
At 31 May 2024 56,505
DEPRECIATION
At 1 June 2023 15,899
Charge for year 10,041
At 31 May 2024 25,940
NET BOOK VALUE
At 31 May 2024 30,565
At 31 May 2023 39,363

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,394 91,178
Other debtors 68,198 83,970
146,592 175,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,243 18,000
Hire purchase contracts 7,674 7,674
Trade creditors 54,537 40,323
Taxation and social security 58,778 54,112
Other creditors 31,395 14,130
186,627 134,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 51,396 60,500
Hire purchase contracts 16,101 23,775
67,497 84,275

8. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the director will financially support the company if required.