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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
Page
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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
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Offord Electrical Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,805 
9,568 
Current assets
Debtors
17,001 
5,636 
Cash at bank and in hand
24,630 
45,449 
41,631 
51,085 
Creditors: amounts falling due within one year
(3,020)
(25,784)
Net current assets
38,611 
25,301 
Net assets
47,416 
34,869 
Capital and reserves
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
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Offord Electrical Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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
20% Reducing balance
Motor vehicles
20% Reducing balance
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 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
2,360 
9,600 
- 
11,960 
Additions
759 
- 
566 
1,325 
At 31 August 2024
3,119 
9,600 
566 
13,285 
Depreciation
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 
Net book value
At 31 August 2024
2,163 
6,144 
498 
8,805 
At 31 August 2023
1,888 
7,680 
- 
9,568 
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Offord Electrical Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,320 
4,934 
Accrued income and prepayments
755 
702 
Other debtors
9,926 
- 
17,001 
5,636 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,141 
- 
Trade creditors
26 
1,637 
Taxes and social security
- 
6,404 
Loans from directors
1,853 
16,843 
Accruals
- 
900 
3,020 
25,784 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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