Company Registration No. 06706545 (England and Wales)
T L O Electrical Services Limited
Unaudited accounts
for the year ended 31 October 2024
T L O Electrical Services Limited
Unaudited accounts
Contents
T L O Electrical Services Limited
Statement of financial position
as at 31 October 2024
Tangible assets
12,002
14,843
Creditors: amounts falling due within one year
(34,091)
(64,837)
Net current liabilities
(11,025)
(13,999)
Called up share capital
2
2
Profit and loss account
975
842
Shareholders' funds
977
844
For the year ending 31 October 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 15 April 2025 and were signed on its behalf by
M Pegg
Director
Company Registration No. 06706545
T L O Electrical Services Limited
Notes to the Accounts
for the year ended 31 October 2024
T L O Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06706545. The registered office is Reindeer Park Lodge, Kingsbury Road, Curdworth, Sutton Coldfield, West Midlands, B76 0DE, England.
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
T L O Electrical Services Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
38,028
16,144
54,172
At 31 October 2024
38,028
16,144
54,172
At 1 November 2023
25,749
13,580
39,329
Charge for the year
2,456
385
2,841
At 31 October 2024
28,205
13,965
42,170
At 31 October 2024
9,823
2,179
12,002
At 31 October 2023
12,279
2,564
14,843
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,358
4,665
Trade creditors
3,871
4,200
Taxes and social security
698
4,114
Other creditors
8,873
29,988
Loans from directors
13,891
20,670
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).