Company Registration No. 14095464 (England and Wales)
WESTS ELECTRICAL LIMITED
Unaudited accounts
for the year ended 31 May 2024
WESTS ELECTRICAL LIMITED
Unaudited accounts
Contents
WESTS ELECTRICAL LIMITED
Company Information
for the year ended 31 May 2024
Company Number
14095464 (England and Wales)
Registered Office
3 HOLLY MEDE
OSSETT
WEST YORKSHIRE
WF5 9TB
Accountants
Clear Accountancy Services (Yorkshire) Ltd
10 New Street
Ossett
West Yorkshire
WF5 8BH
WESTS ELECTRICAL LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
11,257
14,161
Cash at bank and in hand
91
25
Creditors: amounts falling due within one year
(5,388)
(1,469)
Net current assets
5,050
6,947
Total assets less current liabilities
16,307
21,108
Creditors: amounts falling due after more than one year
(6,489)
(16,098)
Called up share capital
100
100
Profit and loss account
9,718
4,910
Shareholders' funds
9,818
5,010
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 February 2025 and were signed on its behalf by
Mr L West
Director
Company Registration No. 14095464
WESTS ELECTRICAL LIMITED
Notes to the Accounts
for the year ended 31 May 2024
WESTS ELECTRICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14095464. The registered office is 3 HOLLY MEDE, OSSETT, WEST YORKSHIRE, WF5 9TB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
359
17,400
17,759
At 31 May 2024
359
17,400
17,759
At 1 June 2023
118
3,480
3,598
Charge for the year
120
2,784
2,904
At 31 May 2024
238
6,264
6,502
At 31 May 2024
121
11,136
11,257
At 31 May 2023
241
13,920
14,161
Amounts falling due within one year
Other debtors
10,347
8,391
WESTS ELECTRICAL LIMITED
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,328
1,349
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
6,489
16,098
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).