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REGISTERED NUMBER: 06354083 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TERMINAL ELECTRICS LTD

TERMINAL ELECTRICS LTD (REGISTERED NUMBER: 06354083)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TERMINAL ELECTRICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: N Oswald





SECRETARY: S M E Oswald





REGISTERED OFFICE: 10 Bell Chapel Close
Kingsnorth
Ashford
Kent
TN23 3NN





BUSINESS ADDRESS: Lambden House
Lambden Road
Pluckley
Ashford
Kent
TN27 0RB





REGISTERED NUMBER: 06354083 (England and Wales)





ACCOUNTANTS: Stonebridge Associates
Lambden House
Lambden Road
Pluckley
Kent
TN27 0RB

TERMINAL ELECTRICS LTD (REGISTERED NUMBER: 06354083)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,579 3,559

CURRENT ASSETS
Debtors 5 23,419 31,610
Cash at bank 1,358 590
24,777 32,200
CREDITORS
Amounts falling due within one year 6 23,411 23,205
NET CURRENT ASSETS 1,366 8,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,945

12,554

PROVISIONS FOR LIABILITIES 7 706 637
NET ASSETS 4,239 11,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,139 11,817
SHAREHOLDERS' FUNDS 4,239 11,917

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

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

TERMINAL ELECTRICS LTD (REGISTERED NUMBER: 06354083)

BALANCE SHEET - continued
31 AUGUST 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 22 April 2025 and were signed by:





N Oswald - Director


TERMINAL ELECTRICS LTD (REGISTERED NUMBER: 06354083)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Terminal Electrics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TERMINAL ELECTRICS LTD (REGISTERED NUMBER: 06354083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 6,788 6,850 13,638
Additions 915 - 915
At 31 August 2024 7,703 6,850 14,553
DEPRECIATION
At 1 September 2023 5,474 4,605 10,079
Charge for year 446 449 895
At 31 August 2024 5,920 5,054 10,974
NET BOOK VALUE
At 31 August 2024 1,783 1,796 3,579
At 31 August 2023 1,314 2,245 3,559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,890 4,018
Other debtors 18,529 27,592
23,419 31,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 1,500 -
Trade creditors 6,505 10,813
Taxation and social security 15,406 12,392
23,411 23,205

7. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 706 637

TERMINAL ELECTRICS LTD (REGISTERED NUMBER: 06354083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 637
Provided during year 69
Balance at 31 August 2024 706

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
N Oswald
Balance outstanding at start of year 17,446 7,056
Amounts advanced 9,946 17,446
Amounts repaid (17,446 ) (7,056 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,946 17,446

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £59,000 (2023 - £40,500) were paid to the directors .

Mr N Oswald - Director and Shareholder

At the balance sheet date Mr Oswald owed Terminal Electrics Ltd £9,946 (2023 - Mr Oswald owed the company £17,446 ).

10. ULTIMATE CONTROLLING PARTY

The controlling party is N Oswald.