TOWCESTER ELECTRICAL SERVICES LIMITED

TOWCESTER ELECTRICAL SERVICES LIMITED

TOWCESTER ELECTRICAL SERVICES LIMITED - Company Information

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1 April 2021 false No description of principal activity Taxfiler 2022.5 10976897business:PrivateLimitedCompanyLtd2021-04-012022-03-31 109768972021-03-31 109768972021-04-012022-03-31 10976897business:AuditExemptWithAccountantsReport2021-04-012022-03-31 10976897business:FullAccounts2021-04-012022-03-31 109768972022-03-31 10976897business:Director12021-04-012022-03-31 10976897business:RegisteredOffice2021-04-012022-03-31 109768972021-03-31 10976897core:WithinOneYear2022-03-31 10976897core:WithinOneYear2021-03-31 10976897core:ShareCapital2022-03-31 10976897core:ShareCapital2021-03-31 10976897core:RetainedEarningsAccumulatedLosses2022-03-31 10976897core:RetainedEarningsAccumulatedLosses2021-03-31 10976897business:SmallEntities2021-04-012022-03-31 10976897countries:EnglandWales2021-04-012022-03-31 10976897core:MotorVehicles2021-04-012022-03-31 10976897core:FurnitureFittings2021-04-012022-03-31 10976897core:ComputerEquipment2021-04-012022-03-31 10976897core:MotorVehicles2021-03-31 10976897core:FurnitureFittings2021-03-31 10976897core:ComputerEquipment2021-03-31 10976897core:MotorVehicles2022-03-31 10976897core:FurnitureFittings2022-03-31 10976897core:ComputerEquipment2022-03-31 109768972020-04-012021-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10976897 (England and Wales)
TOWCESTER ELECTRICAL SERVICES LIMITED Unaudited accounts for the year ended 31 March 2022
TOWCESTER ELECTRICAL SERVICES LIMITED Unaudited accounts Contents
Page
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TOWCESTER ELECTRICAL SERVICES LIMITED Company Information for the year ended 31 March 2022
Director
Michael Hackett
Company Number
10976897 (England and Wales)
Registered Office
TOWCESTER ELECTRICAL SERVICES 114 WATLING STREET EAST TOWCESTER NN12 6BT ENGLAND
Accountants
Robins & Co 35 St Leonards Road Northampton NN4 8DL
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TOWCESTER ELECTRICAL SERVICES LIMITED Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
46,128 
7,071 
Current assets
Inventories
600 
6,722 
Debtors
5
23,345 
11,041 
Cash at bank and in hand
10,548 
36,126 
34,493 
53,889 
Creditors: amounts falling due within one year
6
(35,798)
(32,536)
Net current (liabilities)/assets
(1,305)
21,353 
Total assets less current liabilities
44,823 
28,424 
Provisions for liabilities
Deferred tax
(8,764)
- 
Net assets
36,059 
28,424 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
36,058 
28,423 
Shareholders' funds
36,059 
28,424 
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2022 and were signed on its behalf by
Michael Hackett Director Company Registration No. 10976897
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TOWCESTER ELECTRICAL SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
TOWCESTER ELECTRICAL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10976897. The registered office is TOWCESTER ELECTRICAL SERVICES, 114 WATLING STREET EAST, TOWCESTER, NN12 6BT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
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TOWCESTER ELECTRICAL SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
10,400 
- 
623 
11,023 
Additions
44,547 
400 
- 
44,947 
At 31 March 2022
54,947 
400 
623 
55,970 
Depreciation
At 1 April 2021
3,744 
- 
208 
3,952 
Charge for the year
5,589 
93 
208 
5,890 
At 31 March 2022
9,333 
93 
416 
9,842 
Net book value
At 31 March 2022
45,614 
307 
207 
46,128 
At 31 March 2021
6,656 
- 
415 
7,071 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
19,472 
9,354 
Accrued income and prepayments
903 
1,687 
Other debtors
2,970 
- 
23,345 
11,041 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
5,408 
11,641 
Trade creditors
6 
3 
Taxes and social security
- 
11,583 
Other creditors
30 
- 
Loans from directors
28,854 
8,209 
Accruals
1,500 
1,100 
35,798 
32,536 
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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