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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,053 
50,723 
Current assets
Debtors
114,135 
80,281 
Cash at bank and in hand
747,332 
658,888 
861,467 
739,169 
Creditors: amounts falling due within one year
(48,725)
(157,482)
Net current assets
812,742 
581,687 
Net assets
869,795 
632,410 
Capital and reserves
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
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Better Electrical Services Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 July 2024
216 
56,358 
479 
57,053 
At 31 July 2023
288 
49,796 
639 
50,723 
- 3 -
Better Electrical Services Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
20,056 
30,704 
Trade debtors
- 
4,388 
Amounts due from group undertakings etc.
75,999 
27,109 
Other debtors
18,080 
18,080 
114,135 
80,281 
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 
48,725 
157,482 
7
Share capital
2024 
2023 
£ 
£ 
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).
- 4 -