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Company Registration No. 07676033 (England and Wales)
Warner Electrical Contractors Limited Unaudited accounts for the year ended 31 August 2024
Warner Electrical Contractors Limited Unaudited accounts Contents
Page
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Warner Electrical Contractors Limited Company Information for the year ended 31 August 2024
Director
Peter Warner
Company Number
07676033 (England and Wales)
Registered Office
4 The Levels Hornsea HU18 1GA
Accountants
Rainbird Hanton Accountants The Temple Hesslewood Business Park Feriby Road Hessle East Yorkshire HU13 0LH
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Warner Electrical Contractors Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,671 
15,459 
Current assets
Inventories
6,950 
11,750 
Debtors
337,956 
373,019 
Cash at bank and in hand
24 
24 
344,930 
384,793 
Creditors: amounts falling due within one year
(310,140)
(329,957)
Net current assets
34,790 
54,836 
Total assets less current liabilities
124,461 
70,295 
Creditors: amounts falling due after more than one year
(7,762)
(20,924)
Provisions for liabilities
Deferred tax
(346)
(346)
Net assets
116,353 
49,025 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
116,253 
48,925 
Shareholders' funds
116,353 
49,025 
For the year ending 31 August 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 31 October 2024 and were signed on its behalf by
Peter Warner Director Company Registration No. 07676033
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Warner Electrical Contractors Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Warner Electrical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 07676033. The registered office is 4 The Levels, Hornsea, HU18 1GA.
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.
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% on cost
Motor vehicles
25% on NBV
Fixtures & fittings
33.33% on cost
Computer equipment
25% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
10,000 
At 31 August 2024
10,000 
Amortisation
At 1 September 2023
10,000 
At 31 August 2024
10,000 
Net book value
At 31 August 2024
- 
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Warner Electrical Contractors Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
2,382 
24,490 
6,093 
7,536 
40,501 
Additions
- 
86,237 
- 
666 
86,903 
At 31 August 2024
2,382 
110,727 
6,093 
8,202 
127,404 
Depreciation
At 1 September 2023
2,382 
9,309 
5,971 
7,380 
25,042 
Charge for the year
- 
12,492 
40 
159 
12,691 
At 31 August 2024
2,382 
21,801 
6,011 
7,539 
37,733 
Net book value
At 31 August 2024
- 
88,926 
82 
663 
89,671 
At 31 August 2023
- 
15,181 
122 
156 
15,459 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
18,474 
Trade debtors
332,956 
354,545 
Other debtors
5,000 
- 
337,956 
373,019 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,167 
36,474 
VAT
1,113 
- 
Obligations under finance leases and hire purchase contracts
74,484 
6,239 
Trade creditors
140,275 
177,023 
Taxes and social security
15,764 
18,327 
Other creditors
59,140 
89,875 
Loans from directors
397 
219 
Accruals
1,800 
1,800 
310,140 
329,957 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,762 
17,762 
Obligations under finance leases and hire purchase contracts
- 
3,162 
7,762 
20,924 
9
Average number of employees
During the year the average number of employees was 18 (2023: 16).
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