JHE Electrical Contractors Limited
Registered number: 04944876
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 30,000 30,000
Tangible assets 4 21,707 14,758
51,707 44,758
Current assets
Stocks 2,000 3,000
Debtors 5 62,958 36,885
Cash at bank and in hand 111,677 54,247
176,635 94,132
Creditors: amounts falling due within one year 6 (114,057) (64,805)
Net current assets 62,578 29,327
Total assets less current liabilities 114,285 74,085
Creditors: amounts falling due after more than one year 7 (15,467) (32,860)
Net assets 98,818 41,225
Capital and reserves
Called up share capital 100 100
Profit and loss account 98,718 41,125
Shareholders' funds 98,818 41,225
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Howard
Director
Approved by the board on 17 June 2025
JHE Electrical Contractors Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% declining balance
Motor Vehicles 25% declining balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 30,000
At 31 October 2024 30,000
Amortisation
At 31 October 2024 -
Net book value
At 31 October 2024 30,000
At 31 October 2023 30,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 30,882 19,940 50,822
Additions 1,792 14,428 16,220
At 31 October 2024 32,674 34,368 67,042
Depreciation
At 1 November 2023 21,806 14,258 36,064
Charge for the year 3,729 5,542 9,271
At 31 October 2024 25,535 19,800 45,335
Net book value
At 31 October 2024 7,139 14,568 21,707
At 31 October 2023 9,076 5,682 14,758
5 Debtors 2024 2023
£ £
Trade debtors 57,311 36,136
Other debtors 5,647 749
62,958 36,885
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,934 2,476
Trade creditors 6,270 407
Corporation tax 41,002 17,619
Other taxes and social security costs 53,804 29,969
Other creditors 3,047 14,334
114,057 64,805
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,467 32,860
8 Other information
JHE Electrical Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4a Highfields Business Park 
Old North Road, Bassingbourn
Royston
Hertfordshire
SG8 5JT
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