IRIS Accounts Production v24.3.2.46 12379983 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123799832023-12-31123799832024-12-31123799832024-01-012024-12-31123799832022-12-31123799832023-01-012023-12-31123799832023-12-3112379983ns15:EnglandWales2024-01-012024-12-3112379983ns14:PoundSterling2024-01-012024-12-3112379983ns10:Director12024-01-012024-12-3112379983ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112379983ns10:SmallEntities2024-01-012024-12-3112379983ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112379983ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112379983ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112379983ns10:FullAccounts2024-01-012024-12-3112379983ns10:CompanySecretary12024-01-012024-12-3112379983ns10:RegisteredOffice2024-01-012024-12-3112379983ns5:CurrentFinancialInstruments2024-12-3112379983ns5:CurrentFinancialInstruments2023-12-3112379983ns5:Non-currentFinancialInstruments2024-12-3112379983ns5:Non-currentFinancialInstruments2023-12-3112379983ns5:ShareCapital2024-12-3112379983ns5:ShareCapital2023-12-3112379983ns5:RetainedEarningsAccumulatedLosses2024-12-3112379983ns5:RetainedEarningsAccumulatedLosses2023-12-3112379983ns5:PlantMachinery2024-01-012024-12-3112379983ns5:MotorVehicles2024-01-012024-12-3112379983ns5:ComputerEquipment2024-01-012024-12-3112379983ns5:PlantMachinery2023-12-3112379983ns5:MotorVehicles2023-12-3112379983ns5:ComputerEquipment2023-12-3112379983ns5:PlantMachinery2024-12-3112379983ns5:MotorVehicles2024-12-3112379983ns5:ComputerEquipment2024-12-3112379983ns5:PlantMachinery2023-12-3112379983ns5:MotorVehicles2023-12-3112379983ns5:ComputerEquipment2023-12-3112379983ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112379983ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 12379983 (England and Wales)












Unaudited Financial Statements

For The Year Ended

31 December 2024

for

G.wood Electrical Services Ltd

G.wood Electrical Services Ltd (Registered number: 12379983)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.wood Electrical Services Ltd

Company Information
For The Year Ended 31 December 2024







DIRECTOR: G P Wood





SECRETARY:





REGISTERED OFFICE: Unit 12 Enterprise House
Rippers Court
Sible Hedingham
Essex
CO9 3PY





REGISTERED NUMBER: 12379983 (England and Wales)





ACCOUNTANT: Alison Hurrell Limited
Unit 6, Cherry Tree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

G.wood Electrical Services Ltd (Registered number: 12379983)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,990 16,793

CURRENT ASSETS
Debtors 5 22,476 43,629
Cash at bank 14,566 18,893
37,042 62,522
CREDITORS
Amounts falling due within one year 6 30,911 51,104
NET CURRENT ASSETS 6,131 11,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,121

28,211

CREDITORS
Amounts falling due after more than one
year

7

11,631

9,011
NET ASSETS 14,490 19,200

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 14,489 19,199
SHAREHOLDERS' FUNDS 14,490 19,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

G.wood Electrical Services Ltd (Registered number: 12379983)

Balance Sheet - continued
31 December 2024


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 6 March 2025 and were signed by:





G P Wood - Director


G.wood Electrical Services Ltd (Registered number: 12379983)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

G.wood Electrical Services Ltd 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

G.wood Electrical Services Ltd (Registered number: 12379983)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 779 32,823 3,070 36,672
Additions - 16,500 682 17,182
Disposals - (11,703 ) - (11,703 )
At 31 December 2024 779 37,620 3,752 42,151
DEPRECIATION
At 1 January 2024 216 17,330 2,333 19,879
Charge for year 85 6,353 964 7,402
Eliminated on disposal - (5,120 ) - (5,120 )
At 31 December 2024 301 18,563 3,297 22,161
NET BOOK VALUE
At 31 December 2024 478 19,057 455 19,990
At 31 December 2023 563 15,493 737 16,793

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 21,135 42,678
Other debtors 1,341 951
22,476 43,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 7,371 8,193
Trade creditors 5,074 15,767
Taxation and social security 16,863 20,547
Other creditors 1,603 6,597
30,911 51,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 11,631 9,011