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Registration number: 11675500

Saxon Electrical Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Saxon Electrical Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 8

 

Saxon Electrical Ltd

Company Information

Director

Mr AJ Lauder

Registered office

302 Collingwood Road
Sutton
Surrey
SM1 2NX

Accountants

DG Accountancy Services Limited
Chartered Accountants17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Saxon Electrical Ltd

Director's Report for the Year Ended 30 November 2024

The director presents his report and the financial statements for the year ended 30 November 2024.

Director of the company

The director who held office during the year was as follows:

Mr AJ Lauder

Principal activity

The principal activity of the company is Electrical Contractor

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 10 June 2025 and signed on its behalf by:

.........................................
Mr AJ Lauder
Director

   
     
 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Saxon Electrical Ltd
for the Year Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Saxon Electrical Ltd for the year ended 30 November 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Saxon Electrical Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Saxon Electrical Ltd and state those matters that we have agreed to state to the Board of Directors of Saxon Electrical Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saxon Electrical Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Saxon Electrical Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Saxon Electrical Ltd. You consider that Saxon Electrical Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Saxon Electrical Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

10 June 2025

 

Saxon Electrical Ltd

(Registration number: 11675500)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

33,722

7,342

Current assets

 

Debtors

5

35,028

27,120

Cash at bank and in hand

 

63,313

51,847

 

98,341

78,967

Creditors: Amounts falling due within one year

6

(36,969)

(39,400)

Net current assets

 

61,372

39,567

Total assets less current liabilities

 

95,094

46,909

Creditors: Amounts falling due after more than one year

6

(12,960)

-

Net assets

 

82,134

46,909

Capital and reserves

 

Called up share capital

1

1

Retained earnings

82,133

46,908

Shareholders' funds

 

82,134

46,909

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 10 June 2025
 

.........................................
Mr AJ Lauder
Director

   
     
 

Saxon Electrical Ltd

Statement of Changes in Equity for the Year Ended 30 November 2024

Share capital
£

Retained earnings
£

Total
£

At 1 December 2023

1

46,908

46,909

Profit for the year

-

72,225

72,225

Dividends

-

(37,000)

(37,000)

At 30 November 2024

1

82,133

82,134

Share capital
£

Retained earnings
£

Total
£

At 1 December 2022

1

29,270

29,271

Profit for the year

-

56,138

56,138

Dividends

-

(38,500)

(38,500)

At 30 November 2023

1

46,908

46,909

 

Saxon Electrical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
302 Collingwood Road
Sutton
Surrey
SM1 2NX

These financial statements were authorised for issue by the director on 10 June 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

Fixtures and fittings

25% on cost

Motor vehicles

25% on cost

Computer equipment

25% on cost

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Saxon Electrical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 December 2023

406

5,815

7,009

22,228

Additions

-

843

-

35,121

Disposals

-

-

-

(22,228)

At 30 November 2024

406

6,658

7,009

35,121

Depreciation

At 1 December 2023

328

4,493

4,309

18,986

Charge for the year

52

826

1,074

4,390

Eliminated on disposal

-

-

-

(18,986)

At 30 November 2024

380

5,319

5,383

4,390

Carrying amount

At 30 November 2024

26

1,339

1,626

30,731

At 30 November 2023

78

1,322

2,700

3,242

Total
£

Cost or valuation

At 1 December 2023

35,458

Additions

35,964

Disposals

(22,228)

At 30 November 2024

49,194

Depreciation

At 1 December 2023

28,116

Charge for the year

6,342

Eliminated on disposal

(18,986)

At 30 November 2024

15,472

Carrying amount

At 30 November 2024

33,722

At 30 November 2023

7,342

 

Saxon Electrical Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

18,707

14,709

Other debtors

16,321

12,411

 

35,028

27,120

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

5,017

2,732

Trade creditors

 

20,427

14,176

Taxation and social security

 

11,427

16,382

Other creditors

 

98

6,110

 

36,969

39,400

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

12,960

-

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

12,960

-

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

5,017

2,732