Company Registration No. 08799011 (England and Wales)
XCH Electrical Limited
Unaudited accounts
for the year ended 31 December 2022
XCH Electrical Limited
Unaudited accounts
Contents
XCH Electrical Limited
Company Information
for the year ended 31 December 2022
Directors
Xian Campbell
Craig Hooper
Company Number
08799011 (England and Wales)
Registered Office
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
XCH Electrical Limited
Statement of financial position
as at 31 December 2022
Tangible assets
45,040
13,729
Cash at bank and in hand
18,714
45,397
Creditors: amounts falling due within one year
(16,362)
(52,676)
Net current assets
11,155
20,219
Total assets less current liabilities
56,195
33,948
Creditors: amounts falling due after more than one year
(53,620)
(33,038)
Called up share capital
2
2
Profit and loss account
2,573
908
Shareholders' funds
2,575
910
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 14 September 2023 and were signed on its behalf by
Xian Campbell
Director
Company Registration No. 08799011
XCH Electrical Limited
Notes to the Accounts
for the year ended 31 December 2022
XCH Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 08799011. The registered office is The Old Post Office, 137-139 Long Street, Dordon, Staffordshire, B78 1SH.
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.
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
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The accounts are presented in £ sterling.
XCH Electrical Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Motor vehicles
At 31 December 2022
56,300
Charge for the year
11,260
At 31 December 2022
11,260
At 31 December 2022
45,040
At 31 December 2021
13,729
Amounts falling due within one year
Trade debtors
1,739
24,282
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
11,100
Obligations under finance leases and hire purchase contracts
4,346
1,396
Trade creditors
14,721
19,041
Taxes and social security
28,220
27,308
Loans from directors
(43,367)
(6,169)
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
29,482
-
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
