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Registered number: 10513696
JTT Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10513696
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,449 34,217
84,449 34,217
CURRENT ASSETS
Debtors 5 143,900 184,131
Cash at bank and in hand 51,083 75,763
194,983 259,894
Creditors: Amounts Falling Due Within One Year 6 (89,976 ) (154,382 )
NET CURRENT ASSETS (LIABILITIES) 105,007 105,512
TOTAL ASSETS LESS CURRENT LIABILITIES 189,456 139,729
Creditors: Amounts Falling Due After More Than One Year 7 (41,149 ) (25,954 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,112 ) (8,554 )
NET ASSETS 127,195 105,221
CAPITAL AND RESERVES
Called up share capital 8 51 51
Profit and Loss Account 127,144 105,170
SHAREHOLDERS' FUNDS 127,195 105,221
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D C Edge
Director
4 August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JTT Electrical Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from Electrical installation services are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the service is provided.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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 assesments in periods different from those in which they aare 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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 11,916 45,792 9,937 4,629 72,274
Additions 5,477 81,991 358 558 88,384
Disposals - (17,650 ) (8,197 ) - (25,847 )
As at 31 December 2024 17,393 110,133 2,098 5,187 134,811
Depreciation
As at 1 January 2024 6,932 25,109 3,577 2,439 38,057
Provided during the period 2,615 24,455 295 687 28,052
Disposals - (12,796 ) (2,951 ) - (15,747 )
As at 31 December 2024 9,547 36,768 921 3,126 50,362
Net Book Value
As at 31 December 2024 7,846 73,365 1,177 2,061 84,449
As at 1 January 2024 4,984 20,683 6,360 2,190 34,217
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 126,849 159,112
Prepayments and accrued income 5,970 13,259
Other debtors 11,081 11,760
143,900 184,131
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,403 5,970
Trade creditors 7,445 21,095
Bank loans and overdrafts 10,354 10,099
Corporation tax 18,872 33,477
Other taxes and social security 4,404 2,620
VAT 12,598 19,496
Other creditors 5,803 10,955
Accruals and deferred income 2,151 49,616
Director's loan account 946 1,054
89,976 154,382
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,002 9,453
Bank loans 6,147 16,501
41,149 25,954
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
51 Ordinary Shares of £ 1.00 each 51 51
9. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to
£59,850 (2023 - £117,225).
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