SHIFT ELECTRICAL LIMITED

Company Registration Number:
08531447 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SHIFT ELECTRICAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

SHIFT ELECTRICAL LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Current assets
Debtors: 3 12,117 9,383
Cash at bank and in hand: 2,097 907
Total current assets: 14,214 10,290
Creditors: amounts falling due within one year: 4 (11,672) (7,982)
Net current assets (liabilities): 2,542 2,308
Total assets less current liabilities: 2,542 2,308
Total net assets (liabilities): 2,542 2,308
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,442 2,208
Shareholders funds: 2,542 2,308

The notes form part of these financial statements

SHIFT ELECTRICAL LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 February 2025
and signed on behalf of the board by:

Name: Mr A Twells
Status: Director

The notes form part of these financial statements

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when work has been completed and invoiced to the customer.

Other accounting policies

1. Taxation. Corporation tax payable is provided on taxable profits at the current rate. 2. Short term debtors and creditors. Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss. 3. Cash and cash equivalents. Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

SHIFT ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

Corporation Tax £9,916. Director's loan account £119. Accruals £1,637.