Company Registration No. 12726886 (England and Wales)
Better Electrical Services Ltd
Unaudited accounts
for the year ended 31 July 2024
Better Electrical Services Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
57,053
50,723
Cash at bank and in hand
747,332
658,888
Creditors: amounts falling due within one year
(48,725)
(157,482)
Net current assets
812,742
581,687
Net assets
869,795
632,410
Called up share capital
1
1
Profit and loss account
869,794
632,409
Shareholders' funds
869,795
632,410
For the year ending 31 July 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 8 April 2025 and were signed on its behalf by
Louis Martin
Director
Company Registration No. 12726886
Better Electrical Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
Better Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12726886. The registered office is Office 107, Sopers House, Sopers Road, Cuffley, EN6 4TP, 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.
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
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
25% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
1,124
62,245
1,820
65,189
Additions
-
20,652
-
20,652
At 31 July 2024
1,124
82,897
1,820
85,841
At 1 August 2023
836
12,449
1,181
14,466
Charge for the year
72
14,090
160
14,322
At 31 July 2024
908
26,539
1,341
28,788
At 31 July 2024
216
56,358
479
57,053
At 31 July 2023
288
49,796
639
50,723
Better Electrical Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
75,999
27,109
Other debtors
18,080
18,080
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,252
12,801
Taxes and social security
34,461
144,453
Loans from directors
12
228
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).