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REGISTERED NUMBER: 09933362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Haworth Electrical Services Ltd

Haworth Electrical Services Ltd (Registered number: 09933362)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haworth Electrical Services Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: D S Haworth





REGISTERED OFFICE: 11 Laurel Gardens
Locks heath
Southampton
Hampshire
SO31 6QH





REGISTERED NUMBER: 09933362 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Haworth Electrical Services Ltd (Registered number: 09933362)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,400 1,467
Tangible assets 5 35,731 22,320
37,131 23,787

CURRENT ASSETS
Stocks 6 3,500 3,500
Debtors 7 28,080 14,723
Cash at bank 186,957 129,863
218,537 148,086
CREDITORS
Amounts falling due within one year 8 55,618 38,190
NET CURRENT ASSETS 162,919 109,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,050

133,683

PROVISIONS FOR LIABILITIES 6,547 3,946
NET ASSETS 193,503 129,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 193,403 129,637
SHAREHOLDERS' FUNDS 193,503 129,737

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

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

The director acknowledges his 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.

Haworth Electrical Services Ltd (Registered number: 09933362)

Balance Sheet - continued
31 December 2024


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 25 June 2025 and were signed by:





D S Haworth - Director


Haworth Electrical Services Ltd (Registered number: 09933362)

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

1. STATUTORY INFORMATION

Haworth 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of thirty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Haworth Electrical Services Ltd (Registered number: 09933362)

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

2. ACCOUNTING POLICIES - continued

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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 2,000
AMORTISATION
At 1 January 2024 533
Charge for year 67
At 31 December 2024 600
NET BOOK VALUE
At 31 December 2024 1,400
At 31 December 2023 1,467

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 5,023 34,995 4,259 44,277
Additions - 21,000 - 21,000
Disposals - (14,995 ) - (14,995 )
At 31 December 2024 5,023 41,000 4,259 50,282
DEPRECIATION
At 1 January 2024 1,757 18,627 1,573 21,957
Charge for year 490 1,706 403 2,599
Eliminated on disposal - (10,005 ) - (10,005 )
At 31 December 2024 2,247 10,328 1,976 14,551
NET BOOK VALUE
At 31 December 2024 2,776 30,672 2,283 35,731
At 31 December 2023 3,266 16,368 2,686 22,320

Haworth Electrical Services Ltd (Registered number: 09933362)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 34,995
Disposals (14,995 )
At 31 December 2024 20,000
DEPRECIATION
At 1 January 2024 18,627
Charge for year 1,706
Eliminated on disposal (10,005 )
At 31 December 2024 10,328
NET BOOK VALUE
At 31 December 2024 9,672
At 31 December 2023 16,368

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 3,500 3,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 6,554 11,455
Other debtors 6,473 2,032
Directors' current accounts 8,281 -
VAT 4,504 625
Prepayments 2,268 611
28,080 14,723

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 25,200 10,169
Tax 27,823 20,439
Social security and other taxes 1,095 920
Directors' current accounts - 5,162
Accrued expenses 1,500 1,500
55,618 38,190

9. RELATED PARTY DISCLOSURES

During the course of the year the director received £37,700 (2023 £30,000) by way of a dividend issue.

Haworth Electrical Services Ltd (Registered number: 09933362)

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

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director by virtue of their 100% interest in the issued share capital of the company.