2023-11-012024-10-312024-10-31false12945373S.Y ELECTRICAL AND CONSTRUCTION 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S.Y ELECTRICAL AND CONSTRUCTION LIMITED

Registered Number
12945373
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

S.Y ELECTRICAL AND CONSTRUCTION LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

YILDIRIM, Suleyman

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

12945373 (England and Wales)
S.Y ELECTRICAL AND CONSTRUCTION LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,6033,471
2,6033,471
Current assets
Debtors12,2769,000
Cash at bank and on hand3,847220
16,1239,220
Creditors amounts falling due within one year(3,668)(1,619)
Net current assets (liabilities)12,4557,601
Total assets less current liabilities15,05811,072
Creditors amounts falling due after one year(4,742)(3,211)
Net assets10,3167,861
Capital and reserves
Called up share capital11
Profit and loss account10,3157,860
Shareholders' funds10,3167,861
The financial statements were approved and authorised for issue by the Director on 25 November 2024, and are signed on its behalf by:
YILDIRIM, Suleyman
Director
Registered Company No. 12945373
S.Y ELECTRICAL AND CONSTRUCTION LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 235,971
At 31 October 245,971
Depreciation and impairment
At 01 November 232,500
Charge for year868
At 31 October 243,368
Net book value
At 31 October 242,603
At 31 October 233,471