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REGISTERED NUMBER: 08352152 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

WJK Electrical Ltd

WJK Electrical Ltd (Registered number: 08352152)






Contents of the Financial Statements
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WJK Electrical Ltd

Company Information
for the year ended 31 January 2025







DIRECTOR: Mr W J Knott





REGISTERED OFFICE: Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL





REGISTERED NUMBER: 08352152 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

WJK Electrical Ltd (Registered number: 08352152)

Balance Sheet
31 January 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 19,766 25,708

CURRENT ASSETS
Stocks 4,800 5,000
Debtors 5 25,411 43,840
Cash at bank 51,233 29,875
81,444 78,715
CREDITORS
Amounts falling due within one year 6 (27,584 ) (16,580 )
NET CURRENT ASSETS 53,860 62,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,626

87,843

CREDITORS
Amounts falling due after more than one year 7 (9,263 ) (11,597 )

PROVISIONS FOR LIABILITIES (3,760 ) (4,885 )
NET ASSETS 60,603 71,361

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,503 71,261
60,603 71,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





Mr W J Knott - Director


WJK Electrical Ltd (Registered number: 08352152)

Notes to the Financial Statements
for the year ended 31 January 2025

1. STATUTORY INFORMATION

WJK 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.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

WJK Electrical Ltd (Registered number: 08352152)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 February 2024
and 31 January 2025 13,472 59,224 72,696
DEPRECIATION
At 1 February 2024 8,579 38,409 46,988
Charge for year 736 5,206 5,942
At 31 January 2025 9,315 43,615 52,930
NET BOOK VALUE
At 31 January 2025 4,157 15,609 19,766
At 31 January 2024 4,893 20,815 25,708

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 February 2024
and 31 January 2025 14,990
DEPRECIATION
At 1 February 2024 3,747
Charge for year 2,811
At 31 January 2025 6,558
NET BOOK VALUE
At 31 January 2025 8,432
At 31 January 2024 11,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 2,985 4,002
Other debtors 22,426 39,838
25,411 43,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Hire purchase contracts 2,307 1,890
Trade creditors 3,949 4,174
Taxation and social security 9,360 9,120
Other creditors 11,968 1,396
27,584 16,580

WJK Electrical Ltd (Registered number: 08352152)

Notes to the Financial Statements - continued
for the year ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Hire purchase contracts 9,263 11,597