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REGISTERED NUMBER: 10828911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

R. S. ELECTRICAL EDGWARE LTD

R. S. ELECTRICAL EDGWARE LTD (REGISTERED NUMBER: 10828911)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


R. S. ELECTRICAL EDGWARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R Shimoni





REGISTERED OFFICE: 23 Hartland Drive
Edgware
Middlesex
HA8 8RJ





REGISTERED NUMBER: 10828911 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

R. S. ELECTRICAL EDGWARE LTD (REGISTERED NUMBER: 10828911)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,133 1,118

CURRENT ASSETS
Stocks 14,680 13,580
Debtors 5 21,541 42,561
Cash at bank 78,842 66,014
115,063 122,155
CREDITORS
Amounts falling due within one year 6 (25,970 ) (30,448 )
NET CURRENT ASSETS 89,093 91,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,226

92,825

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 91,225 92,824
SHAREHOLDERS' FUNDS 91,226 92,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Shimoni - Director


R. S. ELECTRICAL EDGWARE LTD (REGISTERED NUMBER: 10828911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

R. S. Electrical Edgware 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

R. S. ELECTRICAL EDGWARE LTD (REGISTERED NUMBER: 10828911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 5,320
Additions 2,065
At 30 June 2024 7,385
DEPRECIATION
At 1 July 2023 4,202
Charge for year 1,050
At 30 June 2024 5,252
NET BOOK VALUE
At 30 June 2024 2,133
At 30 June 2023 1,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 17,436 42,561
VAT 4,105 -
21,541 42,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 8,280 7,413
Social security and other taxes 11,921 13,252
VAT - 300
Directors' current accounts 4,369 8,183
Accrued expenses 1,400 1,300
25,970 30,448

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

R. S. ELECTRICAL EDGWARE LTD (REGISTERED NUMBER: 10828911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 92,824
Deficit for the year (599 )
Dividends (1,000 )
At 30 June 2024 91,225

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Shimoni.