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REGISTERED NUMBER: 09277898 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st October 2024

for

NHB Electrical Ltd

NHB Electrical Ltd (Registered number: 09277898)

Contents of the Financial Statements
For The Year Ended 31st October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NHB Electrical Ltd

Company Information
For The Year Ended 31st October 2024







DIRECTOR: N Bradley





REGISTERED OFFICE: 159 Maidstone Road
Chatham
Kent
ME4 6JG





REGISTERED NUMBER: 09277898 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

NHB Electrical Ltd (Registered number: 09277898)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,232 191,348

CURRENT ASSETS
Debtors 5 394,141 384,721
Cash at bank 82,135 102,250
476,276 486,971
CREDITORS
Amounts falling due within one year 6 389,328 407,218
NET CURRENT ASSETS 86,948 79,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,180

271,101

CREDITORS
Amounts falling due after more than one
year

7

(33,270

)

(57,600

)

PROVISIONS FOR LIABILITIES (39,373 ) (36,356 )
NET ASSETS 221,537 177,145

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221,437 177,045
221,537 177,145

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

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

NHB Electrical Ltd (Registered number: 09277898)

Balance Sheet - continued
31st October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th April 2025 and were signed by:





N Bradley - Director


NHB Electrical Ltd (Registered number: 09277898)

Notes to the Financial Statements
For The Year Ended 31st October 2024


1. STATUTORY INFORMATION

NHB Electrical 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31st October 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1st November 2022.

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 etc - 33% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

NHB Electrical Ltd (Registered number: 09277898)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023 257,063
Additions 55,111
Disposals (17,000 )
At 31st October 2024 295,174
DEPRECIATION
At 1st November 2023 65,715
Charge for year 30,727
Eliminated on disposal (8,500 )
At 31st October 2024 87,942
NET BOOK VALUE
At 31st October 2024 207,232
At 31st October 2023 191,348

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2023 163,900
Additions 32,250
At 31st October 2024 196,150
DEPRECIATION
At 1st November 2023 27,190
Charge for year 19,615
At 31st October 2024 46,805
NET BOOK VALUE
At 31st October 2024 149,345
At 31st October 2023 136,710

NHB Electrical Ltd (Registered number: 09277898)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 344,667 328,263
Other debtors 49,474 56,458
394,141 384,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 29,081 25,836
Trade creditors 163,075 211,228
Taxation and social security 110,973 74,213
Other creditors 76,199 85,941
389,328 407,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,833 15,833
Hire purchase contracts 27,437 41,767
33,270 57,600

8. FIRST YEAR ADOPTION

NHB Electrical Ltd previously applied FRS105 and was not previously required to recognise deferred tax. Consequently deferred tax has been recognised in both the profit and loss account and balance sheet. The effect on the profit and loss account for the year ended 31 October 2023 was a decrease in profit of £14,176, and a decrease in the balance sheet of £36,356.