JW Electrical Services Portsmouth Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07819099 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

JW ELECTRICAL SERVICES PORTSMOUTH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Wells

REGISTERED OFFICE:

92 Central Road

Drayton

PORTSMOUTH

Hampshire

PO6 1QX

REGISTERED NUMBER:

07819099 (England and Wales)

ACCOUNTANTS:

AMR Bookkeeping & Accounts Limited

4 Spur Road

Cosham

PORTSMOUTH

Hampshire

PO6 3EB

FIXED ASSETS

Tangible assets

4

12,764

15,423

CURRENT ASSETS

Debtors

5

19,177

19,312

Cash at bank

24,220

28,417

43,397

47,729

CREDITORS

Amounts falling due within one year

6

10,432

29,440

NET CURRENT ASSETS

32,965

18,289

TOTAL ASSETS LESS CURRENT LIABILITIES

45,729

33,712

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

45,728

33,711

SHAREHOLDERS' FUNDS

45,729

33,712

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2023 and were signed by:

Mr J Wells - Director

1.	STATUTORY INFORMATION

JW Electrical Services Portsmouth 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.

Turnover

Turnover 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

4.	TANGIBLE FIXED ASSETS

Tooling

Plant and

and

Motor

Office

machinery

development

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 November 2021

1,940

1,129

21,199

1,427

25,695

Additions

406

-

-

-

406

At 31 October 2022

2,346

1,129

21,199

1,427

26,101

DEPRECIATION

At 1 November 2021

957

666

8,012

637

10,272

Charge for year

177

93

2,637

158

3,065

At 31 October 2022

1,134

759

10,649

795

13,337

NET BOOK VALUE

At 31 October 2022

1,212

370

10,550

632

12,764

At 31 October 2021

983

463

13,187

790

15,423

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

19,177

19,312

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans and overdrafts

-

17,000

Tax

3,861

1,333

Other creditors

960

960

Credit card

1,949

1,949

Directors' current accounts

3,662

8,198

10,432

29,440