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Registration number: 02275605

H.I. Electrical Services Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 31 August 2023 to 30 November 2024

 

H.I. Electrical Services Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

H.I. Electrical Services Limited

Company Information

Directors

Mr Roop Singh Bening

Mr Inderjit Roop Singh Bening

Company secretary

Mrs Kulwant Kaur Bening

Registered office

Unit 2a Moore Street
Wolverhampton
West Midlands
WV1 2HE

Accountants

Onyx Accountants Limited
Chartered Management AccountantsOnyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

H.I. Electrical Services Limited

(Registration number: 02275605)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

214,106

218,134

Investment property

40,139

40,139

Investments

5

1

-

 

254,246

258,273

Current assets

 

Debtors

476,300

424,733

Cash at bank and in hand

 

1,264

59,604

 

477,564

484,337

Prepayments and accrued income

 

451

1,716

Creditors: Amounts falling due within one year

(9,622)

(32,200)

Net current assets

 

468,393

453,853

Total assets less current liabilities

 

722,639

712,126

Provisions for liabilities

(2,101)

(2,867)

Accruals and deferred income

 

(1,400)

(155)

Net assets

 

719,138

709,104

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

718,138

708,104

Shareholders' funds

 

719,138

709,104

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

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

H.I. Electrical Services Limited

(Registration number: 02275605)
Abridged Balance Sheet as at 30 November 2024

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

.........................................
Mr Roop Singh Bening
Director

 

H.I. Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 August 2023 to 30 November 2024

1

General information

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

The address of its registered office is:
Unit 2a Moore Street
Wolverhampton
West Midlands
WV1 2HE

These financial statements were authorised for issue by the Board on 29 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

H.I. Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 August 2023 to 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

10% on reducing balance

Motor vehicles

25% on straight line

Computer equipment

33% on straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

H.I. Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 August 2023 to 30 November 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 8 (2023 - 8).

 

H.I. Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 August 2023 to 30 November 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 31 August 2023

203,047

-

50,185

6,607

73,170

Additions

-

160

859

957

66,120

Disposals

-

-

(609)

(3,711)

(102,890)

At 30 November 2024

203,047

160

50,435

3,853

36,400

Depreciation

At 31 August 2023

-

-

39,902

4,938

70,035

Charge for the period

-

19

1,307

826

341

Eliminated on disposal

-

-

(7)

(3,547)

(34,025)

At 30 November 2024

-

19

41,202

2,217

36,351

Carrying amount

At 30 November 2024

203,047

141

9,233

1,636

49

At 30 August 2023

203,047

-

10,283

1,669

3,135

Total
£

Cost or valuation

At 31 August 2023

333,009

Additions

68,096

Disposals

(107,210)

At 30 November 2024

293,895

Depreciation

At 31 August 2023

114,875

Charge for the period

2,493

Eliminated on disposal

(37,579)

At 30 November 2024

79,789

Carrying amount

At 30 November 2024

214,106

At 30 August 2023

218,134

 

H.I. Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 August 2023 to 30 November 2024

Included within the net book value of land and buildings above is £203,047 (2023 - £203,047) in respect of freehold land and buildings.
 

Investment properties

2024
£

At 31 August

40,139

There has been no valuation of investment property by an independent valuer.

5

Investments

Total
£

Cost or valuation

Additions

1

Provision

Carrying amount

At 30 November 2024

1

6

Related party transactions

 

H.I. Electrical Services Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 August 2023 to 30 November 2024

Transactions with directors

2024

At 31 August 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

Mr Roop Singh Bening

Overdrawn Directors Loan

201,382

88,975

(85,089)

205,268

2023

At 31 August 2022
£

Advances to director
£

Repayments by director
£

At 30 August 2023
£

Mr Roop Singh Bening

Overdrawn Directors Loan

216,834

57,356

(72,808)

201,382