Company Registration No. 14302168 (England and Wales)
Offord Electrical Limited
Unaudited accounts
for the year ended 31 August 2024
Offord Electrical Limited
Unaudited accounts
Contents
Offord Electrical Limited
Company Information
for the year ended 31 August 2024
Directors
Mr Samuel Offord
Samuel Offord
Company Number
14302168 (England and Wales)
Registered Office
WESTERFIELD BUSINESS CENTRE MAIN ROAD
WESTERFIELD
IPSWICH
IP6 9AB
ENGLAND
Offord Electrical Limited
Statement of financial position
as at 31 August 2024
Tangible assets
8,805
9,568
Cash at bank and in hand
24,630
45,449
Creditors: amounts falling due within one year
(3,020)
(25,784)
Net current assets
38,611
25,301
Called up share capital
1
1
Profit and loss account
47,415
34,868
Shareholders' funds
47,416
34,869
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 15 May 2025 and were signed on its behalf by
Mr Samuel Offord
Director
Company Registration No. 14302168
Offord Electrical Limited
Notes to the Accounts
for the year ended 31 August 2024
Offord Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 14302168. The registered office is WESTERFIELD BUSINESS CENTRE MAIN ROAD, WESTERFIELD, IPSWICH, IP6 9AB, 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
20% Reducing balance
Motor vehicles
20% Reducing balance
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
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
2,360
9,600
-
11,960
At 31 August 2024
3,119
9,600
566
13,285
At 1 September 2023
472
1,920
-
2,392
Charge for the year
484
1,536
68
2,088
At 31 August 2024
956
3,456
68
4,480
At 31 August 2024
2,163
6,144
498
8,805
At 31 August 2023
1,888
7,680
-
9,568
Offord Electrical Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
755
702
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
6,404
Loans from directors
1,853
16,843
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).