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REGISTERED NUMBER: 08516794 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Watt "N" Earth Electrical Limited

Watt "N" Earth Electrical Limited (Registered number: 08516794)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Watt "N" Earth Electrical Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P J Carter





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 08516794 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Watt "N" Earth Electrical Limited (Registered number: 08516794)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,404 8,067
6,404 8,067

CURRENT ASSETS
Debtors 6 16,876 12,184
Cash at bank 18,264 23,427
35,140 35,611
CREDITORS
Amounts falling due within one year 7 21,755 21,617
NET CURRENT ASSETS 13,385 13,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,789

22,061

CREDITORS
Amounts falling due after more than
one year

8

(6,250

)

(11,250

)

PROVISIONS FOR LIABILITIES (1,217 ) (1,231 )
NET ASSETS 12,322 9,580

Watt "N" Earth Electrical Limited (Registered number: 08516794)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,222 9,480
SHAREHOLDERS' FUNDS 12,322 9,580

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





P J Carter - Director


Watt "N" Earth Electrical Limited (Registered number: 08516794)

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

1. STATUTORY INFORMATION

Watt "N" Earth Electrical Limited is a private company, limited by shares. The company number is 08516794 and it is registered in England & Wales. The registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, Berkshire, RG7 1WY. The business address is 4 Salmon Close, Spencers Wood, Reading, Berkshire, RG7 1EG.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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


Watt "N" Earth Electrical Limited (Registered number: 08516794)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023
and 31 May 2024 10,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Watt "N" Earth Electrical Limited (Registered number: 08516794)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 20,269
Additions 1,451
Disposals (1,882 )
At 31 May 2024 19,838
DEPRECIATION
At 1 June 2023 12,202
Charge for year 3,114
Eliminated on disposal (1,882 )
At 31 May 2024 13,434
NET BOOK VALUE
At 31 May 2024 6,404
At 31 May 2023 8,067

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 16,876 12,184

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 13,412 12,815
Other creditors 3,343 3,802
21,755 21,617

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 6,250 11,250