General Information
Jowett Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 06225397, registration address 169 High Street, Barnet, Hertfordshire, EN5 5SU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2022 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 May 2022 |
31,403 |
|
5,454 |
|
3,699 |
|
40,556 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
(5,454) |
|
(895) |
|
(6,349) |
| At 30 April 2023 |
31,403 |
|
- |
|
2,804 |
|
34,207 |
| Depreciation |
| At 01 May 2022 |
25,914 |
|
5,454 |
|
3,275 |
|
34,643 |
| Charge for year |
1,372 |
|
- |
|
122 |
|
1,494 |
| On disposals |
- |
|
(5,454) |
|
(895) |
|
(6,349) |
| At 30 April 2023 |
27,286 |
|
- |
|
2,502 |
|
29,788 |
| Net book values |
| Closing balance as at 30 April 2023 |
4,117 |
|
- |
|
302 |
|
4,419 |
| Opening balance as at 01 May 2022 |
5,489 |
|
- |
|
424 |
|
5,913 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2023
£ |
|
2022
£ |
|
100
Class shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|
