STAFFORDSHIRE ELECTRICAL SERVICES LTD - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04500825 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

STAFFORDSHIRE ELECTRICAL SERVICES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTOR:

P J Gallear

REGISTERED OFFICE:

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

REGISTERED NUMBER:

04500825 (England and Wales)

ACCOUNTANTS:

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

FIXED ASSETS

Property, plant and equipment

4

15,463

20,087

CURRENT ASSETS

Debtors

5

52,417

23,924

Cash at bank

39,878

20,145

92,295

44,069

CREDITORS

Amounts falling due within one year

6

99,018

50,776

NET CURRENT LIABILITIES

(6,723

)

(6,707

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,740

13,380

CREDITORS

Amounts falling due after more than one year

7

(4,918

)

(8,332

)

PROVISIONS FOR LIABILITIES

8

(2,938

)

(3,817

)

NET ASSETS

884

1,231

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

882

1,229

SHAREHOLDERS' FUNDS

884

1,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2023 and were signed by:

P J Gallear - Director

1.	STATUTORY INFORMATION

STAFFORDSHIRE ELECTRICAL SERVICES LTD 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.

There were no material departures from that standard.

The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 September 2021

7,790

39,043

46,833

Additions

535

-

535

At 31 August 2022

8,325

39,043

47,368

DEPRECIATION

At 1 September 2021

4,689

22,057

26,746

Charge for year

912

4,247

5,159

At 31 August 2022

5,601

26,304

31,905

NET BOOK VALUE

At 31 August 2022

2,724

12,739

15,463

At 31 August 2021

3,101

16,986

20,087

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

44,878

19,902

Debtors and Prepayments

7,539

4,022

52,417

23,924

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

1,924

2,457

Trade creditors

3,276

12,972

Tax

8,176

-

VAT

15,558

2,895

Directors' current accounts

61,972

27,605

Creditors and Accruals

8,112

4,847

99,018

50,776

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

1,924

2,457

Bank loans - 2-5 years

2,994

5,875

4,918

8,332

8.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

2,938

3,817

Deferred

tax

£

Balance at 1 September 2021

3,817

Provided during year

(879

)

Balance at 31 August 2022

2,938

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of STAFFORDSHIRE ELECTRICAL SERVICES LTD for the year ended 31 August 2022 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of STAFFORDSHIRE ELECTRICAL SERVICES LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of STAFFORDSHIRE ELECTRICAL SERVICES LTD and state those matters that we have agreed to state to the director of STAFFORDSHIRE ELECTRICAL SERVICES LTD in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that STAFFORDSHIRE ELECTRICAL SERVICES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of STAFFORDSHIRE ELECTRICAL SERVICES LTD. You consider that STAFFORDSHIRE ELECTRICAL SERVICES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of STAFFORDSHIRE ELECTRICAL SERVICES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Curtis Accountants Ltd

1 Tape Street

Cheadle

Stoke On Trent

Staffordshire

ST10 1BB

19 January 2023