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Registered Number: 06453244
England and Wales

 

 

 

TEESCROFT ELECTRICAL LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Directors Mark Alan Williams
Nicola Williams
Registered Number 06453244
Registered Office Rowantree, School Lane
Burghfield Common
Reading
Berkshire
RG7 3LA
Secretary Nicola Williams
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 December 2024.
Principal activities
Principal activity of the company during the financial year was of electrical services.
Directors
The directors who served the company throughout the year were as follows:
Mark Alan Williams
Nicola Williams

This report was approved by the board and signed on its behalf by:


----------------------------------
Mark Alan Williams
Director

Date approved: 14 February 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 50,435    32,637 
50,435    32,637 
Current assets      
Debtors 5 2,626    2,171 
Cash at bank and in hand 11,294    28,003 
13,920    30,174 
Creditors: amount falling due within one year 6 (18,141)   (20,997)
Net current assets (4,221)   9,177 
 
Total assets less current liabilities 46,214    41,814 
Provisions for liabilities 7 (9,582)   (6,201)
Net assets 36,632    35,613 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 36,532    35,513 
Shareholders' funds 36,632    35,613 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 February 2025 and were signed on its behalf by:


-------------------------------
Mark Alan Williams
Director
3
General Information
Teescroft Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 06453244, registration address Rowantree, School Lane , Burghfield Common, Reading, Berkshire , RG7 3LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 4 (2023 : 5).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 33,000    33,000 
Additions  
Disposals  
At 31 December 2024 33,000    33,000 
Amortisation
At 01 January 2024 33,000    33,000 
Charge for year  
On disposals  
At 31 December 2024 33,000    33,000 
Net book values
At 31 December 2024  
At 31 December 2023  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2024 7,982    91,922    634    2,267    102,805 
Additions 888    25,255      590    26,733 
Disposals (5,500)         (5,500)
At 31 December 2024 3,370    117,177    634    2,857    124,038 
Depreciation
At 01 January 2024 7,408    61,008    343    1,409    70,168 
Charge for year 231    8,211    73    322    8,837 
On disposals (5,402)         (5,402)
At 31 December 2024 2,237    69,219    416    1,731    73,603 
Net book values
Closing balance as at 31 December 2024 1,133    47,958    218    1,126    50,435 
Opening balance as at 01 January 2024 574    30,914    291    858    32,637 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 384    729 
Prepayments & Accrued Income 2,242    1,442 
2,626    2,171 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Social Security and Other Taxes 7,094    9,360 
Accrued Expenses 10,330    10,792 
Other Creditors 717    845 
18,141    20,997 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 9,582    6,201 
9,582    6,201 

4