Registered number
12605361
VULCAN ELECTRICAL SERVICES LTD
Filleted Accounts
31 May 2024
VULCAN ELECTRICAL SERVICES LTD
Registered number: 12605361
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 665 831
Current assets
Debtors 4 10,297 2,620
Cash at bank and in hand 7,411 949
17,708 3,569
Creditors: amounts falling due within one year 5 (18,262) (4,089)
Net current liabilities (554) (520)
Net assets 111 311
Capital and reserves
Called up share capital 100 100
Profit and loss account 11 211
Shareholders' funds 111 311
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C A J mack
Director
Approved by the board on 5 February 2025
VULCAN ELECTRICAL SERVICES LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 1,299
At 31 May 2024 1,299
Depreciation
At 1 June 2023 468
Charge for the year 166
At 31 May 2024 634
Net book value
At 31 May 2024 665
At 31 May 2023 831
4 Debtors 2024 2023
£ £
Trade debtors - -
CIS Tax repayable 10,297 2,620
10,297 2,620
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,502 2,347
Other creditors 15,760 1,742
18,262 4,089
6 Other information
VULCAN ELECTRICAL SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor
35 New England Road
Brighton
East Sussex
BN1 4GG
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