REGISTERED NUMBER: 06000622 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

I.T.Electrical (Yorkshire) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr I P Tuck

Mrs L J Tuck

REGISTERED OFFICE:

Unit 2

Mayfair Industrial Estate

Vivars Way

Canal Road

Selby

YO8 8BE

REGISTERED NUMBER:

06000622 (England and Wales)

ACCOUNTANTS:

PY Accountants Ltd

33 Holmefield Close

Brayton

Selby

YO8 9LR

BANKERS:

HSBC Bank Plc

Wesley Sqaure

Goole

DN14 5AT

FIXED ASSETS

Tangible assets

4

108,545

104,782

CURRENT ASSETS

Stocks

5

20,000

20,000

Debtors

6

754,411

662,926

Cash at bank

247,448

336,477

1,021,859

1,019,403

CREDITORS

Amounts falling due within one year

7

289,650

289,386

NET CURRENT ASSETS

732,209

730,017

TOTAL ASSETS LESS CURRENT LIABILITIES

840,754

834,799

CREDITORS

Amounts falling due after more than one year

8

6,047

15,679

NET ASSETS

834,707

819,120

CAPITAL AND RESERVES

Called up share capital

9

99

20

Retained earnings

834,608

819,100

SHAREHOLDERS' FUNDS

834,707

819,120

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:

Mr I P Tuck - Director

Mrs L J Tuck - Director

1.	STATUTORY INFORMATION

I.T.Electrical (Yorkshire) 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 December 2023

86,000

8,985

47,386

142,371

Additions

-

-

12,450

12,450

Disposals

-

-

(436

)

(436

)

At 30 November 2024

86,000

8,985

59,400

154,385

DEPRECIATION

At 1 December 2023

-

8,249

29,340

37,589

Charge for year

-

736

7,515

8,251

At 30 November 2024

-

8,985

36,855

45,840

NET BOOK VALUE

At 30 November 2024

86,000

-

22,545

108,545

At 30 November 2023

86,000

736

18,046

104,782

5.

STOCKS

30.11.24

30.11.23

£

£

Work-in-progress

20,000

20,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

221,920

177,163

Other debtors

469,167

363,636

Directors' loan accounts

-

50,000

VAT

63,324

72,127

754,411

662,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

10,440

10,701

Creditors

240,787

186,904

Corporation Tax

27,878

80,017

PAYE

7,400

8,615

Other creditors

1,120

1,154

Accrued expenses

2,025

1,995

289,650

289,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans more 5 yr by instal

6,047

15,679

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,047

15,679

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

96

Ordinary A

£1

96

20

(30.11.23 - 20 )

1

Ordinary B

£1

1

-

(30.11.23 - NIL)

1

Ordinary C

£1

1

-

(30.11.23 - NIL)

1

Ordinary D

£1

1

-

(30.11.23 - NIL)

99

20

Allotted and issued:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

1

Share capital 2

£1

1

-

(30.11.23 - NIL)

1

Share capital 3

£1

1

-

(30.11.23 - NIL)

1

Share capital 4

£1

1

-

(30.11.23 - NIL)

3

-

The following shares were issued during the year for cash at par :

76 Ordinary A shares of £1

1 Ordinary B share of £1

1 Ordinary C share of £1

1 Ordinary D share of £1

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

PY Accountants Ltd

33 Holmefield Close

Brayton

Selby

YO8 9LR

3 April 2025