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REGISTERED NUMBER: 04460027 (England and Wales)















Financial Statements

for the Period 28 February 2023 to 26 February 2024

for

Wye Electrical Contractors Limited

Wye Electrical Contractors Limited (Registered number: 04460027)

Contents of the Financial Statements
for the Period 28 February 2023 to 26 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wye Electrical Contractors Limited

Company Information
for the Period 28 February 2023 to 26 February 2024







DIRECTORS: R N R Jones
Mrs M J Jones





SECRETARY: Mrs M J Jones





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 04460027 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Wye Electrical Contractors Limited (Registered number: 04460027)

Balance Sheet
26 February 2024

26.2.24 27.2.23
Notes £    £   
CURRENT ASSETS
Inventories 90,000 90,000
Debtors 4 13,407 25,611
Cash at bank and in hand 401 627
103,808 116,238
CREDITORS
Amounts falling due within one year 5 (96,782 ) (97,368 )
NET CURRENT ASSETS 7,026 18,870
TOTAL ASSETS LESS CURRENT LIABILITIES 7,026 18,870

CREDITORS
Amounts falling due after more than one
year

6

(40,584

)

(44,670

)
NET LIABILITIES (33,558 ) (25,800 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (33,560 ) (25,802 )
SHAREHOLDERS' FUNDS (33,558 ) (25,800 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Wye Electrical Contractors Limited (Registered number: 04460027)

Balance Sheet - continued
26 February 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 Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mrs M J Jones - Director


Wye Electrical Contractors Limited (Registered number: 04460027)

Notes to the Financial Statements
for the Period 28 February 2023 to 26 February 2024


1. STATUTORY INFORMATION

Wye Electrical Contractors Limited 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.

Inventories
Inventories 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 period 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 period 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.

Going concern
The shareholders' of the company have indicated their willingness to financially support the company for the foreseeable future, therefore, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 27.2.23
£    £   
Other debtors 13,407 25,611

Wye Electrical Contractors Limited (Registered number: 04460027)

Notes to the Financial Statements - continued
for the Period 28 February 2023 to 26 February 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 27.2.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors - 761
Amounts owed to group undertakings 1,927 1,927
Directors' current accounts 88,480 88,480
Accrued expenses 1,375 1,200
96,782 97,368

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
26.2.24 27.2.23
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 20,584 24,670
40,584 44,670

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,584 24,670

7. RELATED PARTY DISCLOSURES

At the year end the directors' were owed £88,480 (2023: £88,480) in respect of their directors' loan accounts.

The loan is interest free and repayable on demand.

Other debtors includes £13,407 (2023: £25,611) owed by Wye Group Holdings Limited, a company in which Mr R N R Jones and Mrs M J Jones are directors' and shareholders' of.