Company Registration No. 14316437 (England and Wales)
Joseph Wilson Electrical Limited
Unaudited accounts
for the year ended 31 August 2024
Joseph Wilson Electrical Limited
Unaudited accounts
Contents
Joseph Wilson Electrical Limited
Company Information
for the year ended 31 August 2024
Company Number
14316437 (England and Wales)
Registered Office
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
United Kingdom
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Joseph Wilson Electrical Limited
Statement of financial position
as at 31 August 2024
Tangible assets
1,353
1,634
Cash at bank and in hand
6,586
8,412
Creditors: amounts falling due within one year
(6,138)
(8,417)
Total assets less current liabilities
1,930
1,696
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
1,672
1,385
Shareholders' funds
1,673
1,386
For the year ending 31 August 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 5 November 2024 and were signed on its behalf by
Mr J Wilson
Director
Company Registration No. 14316437
Joseph Wilson Electrical Limited
Notes to the Accounts
for the year ended 31 August 2024
Joseph Wilson Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 14316437. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
25% cost
Computer equipment
25% cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Joseph Wilson Electrical Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
1,833
60
1,893
At 31 August 2024
2,080
60
2,140
At 1 September 2023
244
15
259
Charge for the year
513
15
528
At 31 August 2024
757
30
787
At 31 August 2024
1,323
30
1,353
At 31 August 2023
1,589
45
1,634
Amounts falling due within one year
Accrued income and prepayments
129
67
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,259
8,027
Loans from directors
879
390
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).