Company Registration No. 11530159 (England and Wales)
Hopkins Electrical Services Ltd
Unaudited accounts
for the year ended 31 August 2024
Hopkins Electrical Services Ltd
Unaudited accounts
Contents
Hopkins Electrical Services Ltd
Company Information
for the year ended 31 August 2024
Directors
Chris Hopkins
Dean Hopkins
Harry McNay
Company Number
11530159 (England and Wales)
Registered Office
UNIT G, ANGEL BUSINESS CENTRE, 1 LUTON R
TODDINGTON
DUNSTABLE
BEDFORDSHIRE
LU5 6DE
ENGLAND
Accountants
Mayflower Accountancy & Tax Limited
Unit A, Angel Business Centre
1 Luton Road
Toddington
Bedfordshire
LU5 6DE
Hopkins Electrical Services Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
115,635
31,789
Cash at bank and in hand
54,464
55,655
Creditors: amounts falling due within one year
(88,484)
(40,487)
Net current assets
48,907
70,156
Total assets less current liabilities
164,542
101,945
Creditors: amounts falling due after more than one year
(92,718)
(42,402)
Provisions for liabilities
Deferred tax
(21,971)
(5,851)
Called up share capital
102
102
Profit and loss account
49,751
53,590
Shareholders' funds
49,853
53,692
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 directors acknowledge their 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 of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Chris Hopkins
Director
Company Registration No. 11530159
Hopkins Electrical Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
Hopkins Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11530159. The registered office is UNIT G, ANGEL BUSINESS CENTRE, 1 LUTON R, TODDINGTON, DUNSTABLE, BEDFORDSHIRE, LU5 6DE, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
33% of cost per annum
Motor vehicles
25% of cost per annum
Computer equipment
33% of cost per annum
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Hopkins Electrical Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
1,276
74,399
75,675
Additions
4,699
103,645
108,344
Disposals
-
(23,461)
(23,461)
At 31 August 2024
5,975
154,583
160,558
At 1 September 2023
283
43,603
43,886
Charge for the year
994
23,504
24,498
On disposals
(23,461)
-
(23,461)
At 31 August 2024
(22,184)
67,107
44,923
At 31 August 2024
28,159
87,476
115,635
At 31 August 2023
993
30,796
31,789
Amounts falling due within one year
Trade debtors
48,866
29,508
Other debtors
15,057
21,325
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,000
-
Obligations under finance leases and hire purchase contracts
27,979
-
Taxes and social security
22,365
20,042
Loans from directors
2,048
1,390
Hopkins Electrical Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
89,718
31,367
8
Deferred taxation
2024
2023
Accelerated capital allowances
21,971
5,851
Provision at start of year
5,851
5,150
Charged to the profit and loss account
16,120
701
Provision at end of year
21,971
5,851
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Average number of employees
During the year the average number of employees was 6 (2023: 6).