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Company Registration No. 13595393 (England and Wales)
Rileys Electrical Ltd Unaudited accounts for the year ended 31 August 2024
Rileys Electrical Ltd Unaudited accounts Contents
Page
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Rileys Electrical Ltd Company Information for the year ended 31 August 2024
Director
Max Reece Riley
Company Number
13595393 (England and Wales)
Registered Office
3 Byron Grove Barnoldswick BB18 5JQ
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Rileys Electrical Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,297 
25,285 
Current assets
Inventories
4,000 
3,000 
Debtors
19,592 
27,631 
Cash at bank and in hand
46,745 
35,606 
70,337 
66,237 
Creditors: amounts falling due within one year
(30,850)
(21,757)
Net current assets
39,487 
44,480 
Net assets
59,784 
69,765 
Capital and reserves
Called up share capital
2 
1 
Profit and loss account
59,782 
69,764 
Shareholders' funds
59,784 
69,765 
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 director acknowledges his 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 and authorised for issue on 19 May 2025 and were signed on its behalf by
Max Reece Riley Director Company Registration No. 13595393
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Rileys Electrical Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Rileys Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 13595393. The registered office is 3 Byron Grove, Barnoldswick, BB18 5JQ.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
2,500 
28,745 
2,800 
34,045 
Additions
- 
- 
1,713 
1,713 
At 31 August 2024
2,500 
28,745 
4,513 
35,758 
Depreciation
At 1 September 2023
863 
6,949 
948 
8,760 
Charge for the year
409 
5,449 
843 
6,701 
At 31 August 2024
1,272 
12,398 
1,791 
15,461 
Net book value
At 31 August 2024
1,228 
16,347 
2,722 
20,297 
At 31 August 2023
1,637 
21,796 
1,852 
25,285 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,592 
27,631 
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Rileys Electrical Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,203 
8,273 
Trade creditors
5,625 
6,244 
Taxes and social security
13,452 
7,231 
Loans from directors
88 
9 
Accruals
4,482 
- 
30,850 
21,757 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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