REGISTERED NUMBER: 05243417 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Designer Electrical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Croucher

Mr R Croucher

REGISTERED OFFICE:

13 York Close

Kings Langley

Hertfordshire

WD4 9HX

REGISTERED NUMBER:

05243417 (England and Wales)

ACCOUNTANTS:

Pace Accountants

Noble House

Eaton Road

Hemel Hempstead

Hertfordshire

HP2 7UB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

27,352

8,701

27,352

8,701

CURRENT ASSETS

Debtors

6

4,567

1,465

Cash at bank

5,607

20,514

10,174

21,979

CREDITORS

Amounts falling due within one year

7

7,776

25,841

NET CURRENT ASSETS/(LIABILITIES)

2,398

(3,862

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,750

4,839

CREDITORS

Amounts falling due after more than one year

8

(24,418

)

-

PROVISIONS FOR LIABILITIES

(6,819

)

(2,175

)

NET (LIABILITIES)/ASSETS

(1,487

)

2,664

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(1,687

)

2,464

SHAREHOLDERS' FUNDS

(1,487

)

2,664

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

Mr R Croucher - Director

1.	STATUTORY INFORMATION

Designer Electrical Services 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.

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.

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 etc

-

25% on reducing balance

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.

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 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

27,000

AMORTISATION

At 1 January 2024

and 31 December 2024

27,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

2,790

34,780

1,496

39,066

Additions

-

38,524

-

38,524

Disposals

-

(37,945

)

-

(37,945

)

At 31 December 2024

2,790

35,359

1,496

39,645

DEPRECIATION

At 1 January 2024

2,328

27,190

847

30,365

Charge for year

116

11,529

162

11,807

Eliminated on disposal

-

(29,879

)

-

(29,879

)

At 31 December 2024

2,444

8,840

1,009

12,293

NET BOOK VALUE

At 31 December 2024

346

26,519

487

27,352

At 31 December 2023

462

7,590

649

8,701

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

34,469

At 31 December 2024

34,469

DEPRECIATION

Charge for year

8,617

At 31 December 2024

8,617

NET BOOK VALUE

At 31 December 2024

25,852

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

912

Tax

4,241

-

Prepayments

326

553

4,567

1,465

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

2,592

-

Trade creditors

675

300

Tax

-

4,241

Social security and other taxes

1,106

-

VAT

-

2,320

Other creditors

159

-

Directors Loan Accounts

1,424

17,160

Accrued expenses

1,820

1,820

7,776

25,841

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

24,418

-

9.	RELATED PARTY DISCLOSURES

The aggregate value of loans from the directors outstanding at the year end amounted to £1,424 [2023 £17,160].