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REGISTERED NUMBER: 05736821 (England and Wales)













R. J. ELECTRICAL CONTRACT SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






R. J. ELECTRICAL CONTRACT SERVICES LTD (REGISTERED NUMBER: 05736821)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


R. J. ELECTRICAL CONTRACT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R J Reid





SECRETARY: N Herron





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 05736821 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

R. J. ELECTRICAL CONTRACT SERVICES LTD (REGISTERED NUMBER: 05736821)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,399 12,340

CURRENT ASSETS
Debtors 5 2,239 209
Cash at bank 15,369 27,382
17,608 27,591
CREDITORS
Amounts falling due within one year 6 15,009 16,273
NET CURRENT ASSETS 2,599 11,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,998

23,658

CREDITORS
Amounts falling due after more than one year 7 (4,890 ) (10,842 )

PROVISIONS FOR LIABILITIES 9 (1,786 ) (2,345 )
NET ASSETS 5,322 10,471

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 5,320 10,469
SHAREHOLDERS' FUNDS 5,322 10,471

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

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

R. J. ELECTRICAL CONTRACT SERVICES LTD (REGISTERED NUMBER: 05736821)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





R J Reid - Director


R. J. ELECTRICAL CONTRACT SERVICES LTD (REGISTERED NUMBER: 05736821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

R. J. Electrical Contract 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

R. J. ELECTRICAL CONTRACT SERVICES LTD (REGISTERED NUMBER: 05736821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 3,142 2,952 17,223 23,317
DEPRECIATION
At 1 April 2023 2,166 2,487 6,324 10,977
Charge for year 146 70 2,725 2,941
At 31 March 2024 2,312 2,557 9,049 13,918
NET BOOK VALUE
At 31 March 2024 830 395 8,174 9,399
At 31 March 2023 976 465 10,899 12,340

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 17,223
DEPRECIATION
At 1 April 2023 6,324
Charge for year 2,725
At 31 March 2024 9,049
NET BOOK VALUE
At 31 March 2024 8,174
At 31 March 2023 10,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137 75
Other debtors 2,102 134
2,239 209

R. J. ELECTRICAL CONTRACT SERVICES LTD (REGISTERED NUMBER: 05736821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,800 2,750
Hire purchase contracts 3,102 2,769
Trade creditors 210 2,874
Corporation tax 2,529 1,765
Social security and other taxes 16 115
Value added tax 780 3,093
Other creditors 5,301 2,600
Directors' current accounts 271 307
15,009 16,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 3,500 6,350
Hire purchase contracts 1,390 4,492
4,890 10,842

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,492 7,261

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,786 2,345

Deferred
tax
£   
Balance at 1 April 2023 2,345
Accelerated capital allowances (559 )
Balance at 31 March 2024 1,786

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

R. J. ELECTRICAL CONTRACT SERVICES LTD (REGISTERED NUMBER: 05736821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. ULTIMATE CONTROLLING PARTY

The company is controlled by R J Reid, the sole director and shareholder.