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REGISTERED NUMBER: 07742021 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Ivel Electrical Services Ltd

Ivel Electrical Services Ltd (Registered number: 07742021)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ivel Electrical Services Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Ms C Guest





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07742021 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Ivel Electrical Services Ltd (Registered number: 07742021)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 153 153

CREDITORS
Amounts falling due within one year 5 (910 ) (910 )
NET CURRENT LIABILITIES (757 ) (757 )
TOTAL ASSETS LESS CURRENT LIABILITIES (757 ) (757 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (857 ) (857 )
SHAREHOLDERS' FUNDS (757 ) (757 )

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

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

The director acknowledges her 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 director and authorised for issue on 29 May 2025 and were signed by:





Ms C Guest - Director


Ivel Electrical Services Ltd (Registered number: 07742021)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ivel Electrical Services 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.

2. ACCOUNTING POLICIES

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

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Ivel Electrical Services Ltd (Registered number: 07742021)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 609 11,770 12,379
DEPRECIATION
At 1 September 2023
and 31 August 2024 609 11,770 12,379
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 - - -

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 6,000
DEPRECIATION
At 1 September 2023
and 31 August 2024 6,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 620 620
Other creditors 290 290
910 910

6. RELATED PARTY DISCLOSURES

The Director, Mrs C Guest is deemed to be the key management personnel