Company Registration No. 09619893 (England and Wales)
T C Electrical {Norfolk} Limited
Unaudited accounts
for the year ended 30 June 2024
T C Electrical {Norfolk} Limited
Unaudited accounts
Contents
T C Electrical {Norfolk} Limited
Company Information
for the year ended 30 June 2024
Company Number
09619893 (England and Wales)
Registered Office
9 Langley Street
Langley
Norwich
NR14 6DE
United Kingdom
Accountants
Accountancy Plus & Payroll People Ltd
9 Langley Street
Langley
Norwich
Norfolk
NR14 6DE
T C Electrical {Norfolk} Limited
Statement of financial position
as at 30 June 2024
Tangible assets
14,508
16,699
Cash at bank and in hand
27,562
20,537
Creditors: amounts falling due within one year
(23,495)
(39,943)
Net current assets
25,741
49,757
Total assets less current liabilities
40,249
66,456
Creditors: amounts falling due after more than one year
(30,085)
(59,085)
Called up share capital
100
100
Profit and loss account
10,064
7,271
Shareholders' funds
10,164
7,371
For the year ending 30 June 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 1 March 2025 and were signed on its behalf by
Thomas Cushing
Director
Company Registration No. 09619893
T C Electrical {Norfolk} Limited
Notes to the Accounts
for the year ended 30 June 2024
T C Electrical {Norfolk} Limited is a private company, limited by shares, registered in England and Wales, registration number 09619893. The registered office is 9 Langley Street , Langley, Norwich, NR14 6DE, 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.
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
18% reducing balance
Motor vehicles
18% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
T C Electrical {Norfolk} Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
3,360
22,791
26,151
At 30 June 2024
4,355
22,791
27,146
At 1 July 2023
1,974
7,478
9,452
Charge for the year
429
2,757
3,186
At 30 June 2024
2,403
10,235
12,638
At 30 June 2024
1,952
12,556
14,508
At 30 June 2023
1,386
15,313
16,699
Amounts falling due within one year
Trade debtors
3,390
19,613
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,886
9,886
Trade creditors
6,114
21,344
Taxes and social security
6,628
7,201
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
20,000
39,000
T C Electrical {Norfolk} Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Operating lease commitments
2024
2023
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,558
5,558
Later than one year and not later than five years
5,558
11,117
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).