Registered number
08868414
JOHN HOLLAND ELECTRICAL SOLUTIONS LIMITED
Filleted Accounts
31 December 2024
JOHN HOLLAND ELECTRICAL SOLUTIONS LIMITED
Registered number: 08868414
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 82,890 62,920
Current assets
Stocks 12,500 12,500
Debtors 4 42,402 47,792
Cash at bank and in hand 615,368 561,299
670,270 621,591
Creditors: amounts falling due within one year 5 (41,872) (36,377)
Net current assets 628,398 585,214
Total assets less current liabilities 711,288 648,134
Provisions for liabilities (21,376) (16,526)
Net assets 689,912 631,608
Capital and reserves
Called up share capital 5 5
Profit and loss account 689,907 631,603
Shareholder's funds 689,912 631,608
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. Holland
Director
Approved by the board on 18 February 2025
JOHN HOLLAND ELECTRICAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance basis
Fixtures, fittings, tools and equipment 25% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 1,000 131,968 132,968
Additions - 35,700 35,700
At 31 December 2024 1,000 167,668 168,668
Depreciation
At 1 January 2024 953 69,095 70,048
Charge for the year 12 15,718 15,730
At 31 December 2024 965 84,813 85,778
Net book value
At 31 December 2024 35 82,855 82,890
At 31 December 2023 47 62,873 62,920
4 Debtors 2024 2023
£ £
Trade debtors 12,257 9,775
Other debtors 30,145 38,017
42,402 47,792
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,177 1,682
Taxation and social security costs 29,505 25,817
Other creditors 9,190 8,878
41,872 36,377
6 Other information
JOHN HOLLAND ELECTRICAL SOLUTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Manor Court
Caudle Hill
Fairburn
North Yorkshire
WF11 9NY
JOHN HOLLAND ELECTRICAL SOLUTIONS LIMITED 08868414 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 J. Holland No description of principal activity 08868414 2023-01-01 2023-12-31 08868414 core:WithinOneYear 2023-12-31 08868414 core:ShareCapital 2023-12-31 08868414 core:RetainedEarningsAccumulatedLosses 2023-12-31 08868414 2024-01-01 2024-12-31 08868414 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08868414 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08868414 bus:Director40 2024-01-01 2024-12-31 08868414 1 2024-01-01 2024-12-31 08868414 2 2024-01-01 2024-12-31 08868414 core:PlantMachinery 2024-01-01 2024-12-31 08868414 core:Vehicles 2024-01-01 2024-12-31 08868414 countries:England 2024-01-01 2024-12-31 08868414 bus:FRS102 2024-01-01 2024-12-31 08868414 bus:FilletedAccounts 2024-01-01 2024-12-31 08868414 2024-12-31 08868414 core:WithinOneYear 2024-12-31 08868414 core:ShareCapital 2024-12-31 08868414 core:RetainedEarningsAccumulatedLosses 2024-12-31 08868414 core:PlantMachinery 2024-12-31 08868414 core:Vehicles 2024-12-31 08868414 2023-12-31 08868414 core:PlantMachinery 2023-12-31 08868414 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure