Company Registration No. 10976897 (England and Wales)
TOWCESTER ELECTRICAL SERVICES LIMITED
Unaudited accounts
for the year ended 31 March 2023
TOWCESTER ELECTRICAL SERVICES LIMITED
Unaudited accounts
Contents
TOWCESTER ELECTRICAL SERVICES LIMITED
Company Information
for the year ended 31 March 2023
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
TOWCESTER ELECTRICAL SERVICES LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
32,572
46,128
Cash at bank and in hand
60,675
10,548
Creditors: amounts falling due within one year
(31,627)
(35,798)
Net current assets/(liabilities)
59,657
(1,305)
Total assets less current liabilities
92,229
44,823
Provisions for liabilities
Deferred tax
(6,188)
(8,764)
Called up share capital
1
1
Profit and loss account
86,040
36,058
Shareholders' funds
86,041
36,059
For the year ending 31 March 2023 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 24 April 2023 and were signed on its behalf by
Michael Hackett
Director
Company Registration No. 10976897
TOWCESTER ELECTRICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
TOWCESTER ELECTRICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
54,947
400
623
55,970
Additions
20,041
-
-
20,041
Disposals
(30,400)
-
-
(30,400)
At 31 March 2023
44,588
400
623
45,611
At 1 April 2022
9,333
93
416
9,842
Charge for the year
8,099
132
207
8,438
On disposals
(5,241)
-
-
(5,241)
At 31 March 2023
12,191
225
623
13,039
At 31 March 2023
32,397
175
-
32,572
At 31 March 2022
45,614
307
207
46,128
Amounts falling due within one year
Trade debtors
25,356
19,472
Accrued income and prepayments
1,631
903
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
17,642
-
Loans from directors
4,673
28,854
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).