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REGISTERED NUMBER: 10720861 (England and Wales)















S&S Electrical Installations Ltd

Unaudited Financial Statements

for the Year Ended 31st October 2024






S&S Electrical Installations Ltd (Registered number: 10720861)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


S&S Electrical Installations Ltd

Company Information
for the year ended 31st October 2024







DIRECTORS: F P Sheraton
A Bartlett





REGISTERED OFFICE: Amberstones
School Lane
Hannington
Northampton
NN6 9ST





REGISTERED NUMBER: 10720861 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

S&S Electrical Installations Ltd (Registered number: 10720861)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20,566 23,543

CURRENT ASSETS
Debtors 6 103,386 159,099
Cash at bank 29,702 37,608
133,088 196,707
CREDITORS
Amounts falling due within one year 7 120,674 162,257
NET CURRENT ASSETS 12,414 34,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,980

57,993

CREDITORS
Amounts falling due after more than one
year

8

(17,683

)

(24,260

)

PROVISIONS FOR LIABILITIES 10 (3,900 ) (4,400 )
NET ASSETS 11,397 29,333

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 11,395 29,331
SHAREHOLDERS' FUNDS 11,397 29,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





F P Sheraton - Director


S&S Electrical Installations Ltd (Registered number: 10720861)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

S&S Electrical Installations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of electrical contractors.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

S&S Electrical Installations Ltd (Registered number: 10720861)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2023 1,422 43,576 590 45,588
Additions 3,922 - 470 4,392
At 31st October 2024 5,344 43,576 1,060 49,980
DEPRECIATION
At 1st November 2023 1,207 20,326 512 22,045
Charge for year 1,330 5,812 227 7,369
At 31st October 2024 2,537 26,138 739 29,414
NET BOOK VALUE
At 31st October 2024 2,807 17,438 321 20,566
At 31st October 2023 215 23,250 78 23,543

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st November 2023
and 31st October 2024 43,576
DEPRECIATION
At 1st November 2023 20,326
Charge for year 5,812
At 31st October 2024 26,138
NET BOOK VALUE
At 31st October 2024 17,438
At 31st October 2023 23,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,570 147,359
Other debtors 16,816 11,740
103,386 159,099

S&S Electrical Installations Ltd (Registered number: 10720861)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,851 7,653
Trade creditors 48,335 44,842
Taxation and social security 33,063 22,057
Other creditors 33,425 87,705
120,674 162,257

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,683 23,533
Other creditors - 727
17,683 24,260

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 727

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal - 727

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,900 4,400

Deferred
tax
£   
Balance at 1st November 2023 4,400
Provided during year (500 )
Balance at 31st October 2024 3,900

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. CONTINGENT LIABILITIES

There were no contingent liabilities at 31st October 2024 or at 31st October 2023.

S&S Electrical Installations Ltd (Registered number: 10720861)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

13. CAPITAL COMMITMENTS

There were no capital commitments at 31st October 2024 or at 31st October 2023.