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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
Page
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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
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Hopkins Electrical Services Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
115,635 
31,789 
Current assets
Inventories
1,750 
1,000 
Debtors
81,177 
53,988 
Cash at bank and in hand
54,464 
55,655 
137,391 
110,643 
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)
Net assets
49,853 
53,692 
Capital and reserves
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
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Hopkins Electrical Services Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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
33% of cost per annum
Motor vehicles
25% of cost per annum
Computer equipment
33% of cost per annum
Leased assets
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
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 taxation
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.
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Hopkins Electrical Services Ltd Notes to the Accounts for the year ended 31 August 2024
Pension costs
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
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.
4
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 
Depreciation
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 
Net book value
At 31 August 2024
28,159 
87,476 
115,635 
At 31 August 2023
993 
30,796 
31,789 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,254 
3,155 
Trade debtors
48,866 
29,508 
Other debtors
15,057 
21,325 
81,177 
53,988 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
- 
VAT
- 
3,781 
Obligations under finance leases and hire purchase contracts
27,979 
- 
Taxes and social security
22,365 
20,042 
Other creditors
1,152 
280 
Loans from directors
2,048 
1,390 
Accruals
30,940 
14,994 
88,484 
40,487 
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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 
£ 
£ 
Bank loans
3,000 
11,035 
Obligations under finance leases and hire purchase contracts
89,718 
31,367 
92,718 
42,402 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
21,971 
5,851 
2024 
2023 
£ 
£ 
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 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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