Ardor Electrical Limited 09106410 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of electrical installations. Digita Accounts Production Advanced 6.30.9574.0 true 09106410 2023-07-01 2024-06-30 09106410 2024-06-30 09106410 core:RetainedEarningsAccumulatedLosses 2024-06-30 09106410 core:ShareCapital 2024-06-30 09106410 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-06-30 09106410 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-06-30 09106410 core:CurrentFinancialInstruments 2024-06-30 09106410 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 09106410 core:Non-currentFinancialInstruments 2024-06-30 09106410 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 09106410 core:MotorVehicles 2024-06-30 09106410 bus:SmallEntities 2023-07-01 2024-06-30 09106410 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09106410 bus:FilletedAccounts 2023-07-01 2024-06-30 09106410 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09106410 bus:RegisteredOffice 2023-07-01 2024-06-30 09106410 bus:Director1 2023-07-01 2024-06-30 09106410 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09106410 core:MotorVehicles 2023-07-01 2024-06-30 09106410 core:VehiclesPlantMachinery 2023-07-01 2024-06-30 09106410 countries:EnglandWales 2023-07-01 2024-06-30 09106410 core:MotorVehicles 2023-06-30 09106410 2022-07-01 2023-06-30 09106410 2023-06-30 09106410 core:RetainedEarningsAccumulatedLosses 2023-06-30 09106410 core:ShareCapital 2023-06-30 09106410 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-06-30 09106410 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-06-30 09106410 core:CurrentFinancialInstruments 2023-06-30 09106410 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09106410 core:Non-currentFinancialInstruments 2023-06-30 09106410 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 09106410 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 09106410

Ardor Electrical Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Ardor Electrical Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Ardor Electrical Limited

Company Information

Director

C Anghel

Registered office

1 Channel Court
Woodspring Avenue
Weston-super-Mare
BS22 9RL

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
BS22 82NG

 

Ardor Electrical Limited

(Registration number: 09106410)
Balance Sheet
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

17,651

10,190

Current assets

 

Stocks

5

20,216

32,750

Debtors

6

19,486

22,320

Cash at bank and in hand

 

24,260

3,393

 

63,962

58,463

Creditors: Amounts falling due within one year

7

(59,303)

(48,388)

Net current assets

 

4,659

10,075

Total assets less current liabilities

 

22,310

20,265

Creditors: Amounts falling due after more than one year

7

(15,393)

(19,774)

Net assets

 

6,917

491

Capital and reserves

 

Called up share capital

1

1

Retained earnings

6,916

490

Shareholders' funds

 

6,917

491

 

Ardor Electrical Limited

(Registration number: 09106410)
Balance Sheet
30 June 2024

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2025
 

.........................................
C Anghel
Director

 

Ardor Electrical Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Channel Court
Woodspring Avenue
Weston-super-Mare
BS22 9RL

These financial statements were authorised for issue by the director on 27 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Ardor Electrical Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

Reducing balance 25%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at the transaction price.

 

Ardor Electrical Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

Ardor Electrical Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

4

Tangible assets

Motor vehicles
 £

Cost or valuation

At 1 July 2023

19,568

Additions

13,346

At 30 June 2024

32,914

Depreciation

At 1 July 2023

9,378

Charge for the year

5,885

At 30 June 2024

15,263

Carrying amount

At 30 June 2024

17,651

At 30 June 2023

10,190

5

Stocks

2024
£

2023
£

Other inventories

20,216

32,750

6

Debtors

2024
£

2023
£

Trade debtors

6,619

12,210

Other debtors

12,867

10,110

19,486

22,320

 

Ardor Electrical Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

1,614

890

Trade creditors

 

10,881

1,438

Taxation and social security

 

30,080

28,357

Accruals and deferred income

 

1,200

-

Other creditors

 

15,528

17,703

 

59,303

48,388

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

15,393

19,774

 

Ardor Electrical Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,791

12,833

Hire purchase contracts

4,602

6,941

15,393

19,774

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

1,614

890