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REGISTERED NUMBER: 04457035 (England and Wales)













Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

F & H Electrical Limited

F & H Electrical Limited (Registered number: 04457035)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Abridged Balance Sheet 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


F & H Electrical Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: P A Haken
Mrs C A Haken





REGISTERED OFFICE: 31 Bluebell Way
Huncoat
Accrington
Lancashire
BB5 6TD





REGISTERED NUMBER: 04457035 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

F & H Electrical Limited (Registered number: 04457035)

Report of the Directors
for the year ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of electrical contracting services.

DIRECTORS
P A Haken has held office during the whole of the period from 1 July 2023 to the date of this report.

Other changes in directors holding office are as follows:

Mrs C A Haken - appointed 12 December 2023

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P A Haken - Director


21 February 2025

F & H Electrical Limited (Registered number: 04457035)

Income Statement
for the year ended 30 June 2024

30/6/24 30/6/23
Notes £    £   

TURNOVER 466,621 346,517

Cost of sales 347,596 216,795
GROSS PROFIT 119,025 129,722

Administrative expenses 59,195 45,595
OPERATING PROFIT 4 59,830 84,127

Interest receivable and similar income 164 238
59,994 84,365

Interest payable and similar expenses 1,254 100
PROFIT BEFORE TAXATION 58,740 84,265

Tax on profit 12,676 16,639
PROFIT FOR THE FINANCIAL YEAR 46,064 67,626

F & H Electrical Limited (Registered number: 04457035)

Abridged Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,202 24,767

CURRENT ASSETS
Debtors 78,572 90,993
Cash at bank 73,155 58,305
151,727 149,298
CREDITORS
Amounts falling due within one year 54,450 51,342
NET CURRENT ASSETS 97,277 97,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,479

122,723

CREDITORS
Amounts falling due after more than one
year

(15,101

)

(5,642

)

PROVISIONS FOR LIABILITIES (7,919 ) (4,186 )
NET ASSETS 117,459 112,895

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 117,455 112,891
SHAREHOLDERS' FUNDS 117,459 112,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

F & H Electrical Limited (Registered number: 04457035)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





P A Haken - Director


F & H Electrical Limited (Registered number: 04457035)

Statement of Changes in Equity
for the year ended 30 June 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2022 4 66,265 66,269

Changes in equity
Total comprehensive income - 67,626 67,626
Dividends - (21,000 ) (21,000 )
Balance at 30 June 2023 4 112,891 112,895

Changes in equity
Total comprehensive income - 46,064 46,064
Dividends - (41,500 ) (41,500 )
Balance at 30 June 2024 4 117,455 117,459

F & H Electrical Limited (Registered number: 04457035)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

F & H Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company sells electrical services to other businesses. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% on cost

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


F & H Electrical Limited (Registered number: 04457035)

Notes to the Financial Statements - continued
for the year ended 30 June 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30/6/24 30/6/23
£    £   
Depreciation - owned assets 443 2,964

F & H Electrical Limited (Registered number: 04457035)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 41,261
Additions 36,551
Disposals (18,200 )
At 30 June 2024 59,612
DEPRECIATION
At 1 July 2023 16,494
Charge for year 8,106
Eliminated on disposal (8,190 )
At 30 June 2024 16,410
NET BOOK VALUE
At 30 June 2024 43,202
At 30 June 2023 24,767

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023 15,925
Additions 35,159
At 30 June 2024 51,084
DEPRECIATION
At 1 July 2023 2,389
Charge for year 7,663
At 30 June 2024 10,052
NET BOOK VALUE
At 30 June 2024 41,032
At 30 June 2023 13,536

6. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Hire purchase contracts 21,875 7,926

F & H Electrical Limited (Registered number: 04457035)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
4 Ordinary £1 4 4

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£    £   
P A Haken
Balance outstanding at start of year (321 ) (22,727 )
Amounts advanced 42,109 57,107
Amounts repaid (42,265 ) (34,701 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (477 ) (321 )