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REGISTERED NUMBER: 01774042 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Wetherby Electrical Contractors Limited

Wetherby Electrical Contractors Limited (Registered number: 01774042)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Wetherby Electrical Contractors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G R Hawke





REGISTERED OFFICE: Unit 15
Rudgate Business Park
Tockwith
York
North Yorkshire
YO26 7RD





REGISTERED NUMBER: 01774042 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Wetherby Electrical Contractors Limited (Registered number: 01774042)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,999 2,927

CURRENT ASSETS
Debtors 6 1,294,633 1,420,371
Cash at bank 76,403 259,741
1,371,036 1,680,112
CREDITORS
Amounts falling due within one year 7 (743,042 ) (489,418 )
NET CURRENT ASSETS 627,994 1,190,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

630,993

1,193,621

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(21,667

)
NET ASSETS 619,326 1,171,954

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 4,000 4,000
Capital redemption reserve 10,000 10,000
Retained earnings 605,226 1,157,854
SHAREHOLDERS' FUNDS 619,326 1,171,954

Wetherby Electrical Contractors Limited (Registered number: 01774042)

Balance Sheet - continued
30 April 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





Mr G R Hawke - Director


Wetherby Electrical Contractors Limited (Registered number: 01774042)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wetherby Electrical Contractors Limited 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 and functional currency of the financial statements is the Pound Sterling (£).

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 on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the life of the lease straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost straight line and 15% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Wetherby Electrical Contractors Limited (Registered number: 01774042)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

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

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.

Construction contracts
When the outcome of a construction contract can be estimated reliably in terms of its stage of completion, future costs to complete and collectability of billings, the company recognises revenue and expenses on the construction contract by reference to the stage of completion of the contract activity at the end of the reporting period. The stage of completion is determined on the basis of the proportion of the contract costs incurred to date over the estimated total costs. When the outcome of a contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable contract costs incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 38 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 78,467 25,529 65,132 169,128
Additions - - 567 567
At 30 April 2024 78,467 25,529 65,699 169,695
DEPRECIATION
At 1 May 2023 78,467 25,178 62,556 166,201
Charge for year - 88 407 495
At 30 April 2024 78,467 25,266 62,963 166,696
NET BOOK VALUE
At 30 April 2024 - 263 2,736 2,999
At 30 April 2023 - 351 2,576 2,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 919,947 713,289
Amounts owed by group undertakings 53,593 53,593
Amounts recoverable on contract 280,602 599,440
Other debtors 40,491 54,049
1,294,633 1,420,371

Wetherby Electrical Contractors Limited (Registered number: 01774042)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 29,811
Trade creditors 293,944 244,954
Amounts owed to group undertakings 31,073 31,073
Taxation and social security 305,194 96,478
Other creditors 102,831 87,102
743,042 489,418

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,821 13,355
Between one and five years - 2,821
2,821 16,176

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100