Sandford Electrical Services Limited


1 April 2022 false No description of principal activity Taxfiler 2023.10 02448681business:PrivateLimitedCompanyLtd2022-04-012023-03-31 024486812022-03-31 024486812022-04-012023-03-31 02448681business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 02448681business:FilletedAccounts2022-04-012023-03-31 024486812023-03-31 02448681business:Director12022-04-012023-03-31 02448681business:RegisteredOffice2022-04-012023-03-31 024486812022-03-31 02448681core:WithinOneYear2023-03-31 02448681core:WithinOneYear2022-03-31 02448681core:AfterOneYear2023-03-31 02448681core:AfterOneYear2022-03-31 02448681core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 02448681core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 02448681core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 02448681core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 02448681core:PreviouslyStatedAmount2023-03-31 02448681core:PreviouslyStatedAmount2022-03-31 02448681business:SmallEntities2022-04-012023-03-31 02448681countries:EnglandWales2022-04-012023-03-31 02448681core:PlantMachinery2022-04-012023-03-31 02448681core:MotorVehicles2022-04-012023-03-31 02448681core:FurnitureFittings2022-04-012023-03-31 02448681core:ComputerEquipment2022-04-012023-03-31 02448681core:PlantMachinery2022-03-31 02448681core:MotorVehicles2022-03-31 02448681core:FurnitureFittings2022-03-31 02448681core:ComputerEquipment2022-03-31 02448681core:PlantMachinery2023-03-31 02448681core:MotorVehicles2023-03-31 02448681core:FurnitureFittings2023-03-31 02448681core:ComputerEquipment2023-03-31 02448681business:OrdinaryShareClass12022-04-012023-03-31 02448681business:OrdinaryShareClass12021-04-012022-03-31 02448681business:Director112022-04-012023-03-31 02448681business:Director112022-03-31 02448681business:Director112023-03-31 024486812021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 02448681 (England and Wales)
Sandford Electrical Services Limited Unaudited accounts for the year ended 31 March 2023
Sandford Electrical Services Limited Unaudited accounts Contents
Page
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Sandford Electrical Services Limited Company Information for the year ended 31 March 2023
Director
David Man
Company Number
02448681 (England and Wales)
Registered Office
Brightwell Grange Britwell Road Burnham Slough SL1 8DF United Kingdom
Accountants
Blue Cube Accountants Limited Britwell Grange Britwell Road Burnham SL1 8DF
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Sandford Electrical Services Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,860 
76,144 
Current assets
Inventories
15,000 
15,000 
Debtors
362,034 
227,517 
Cash at bank and in hand
563,582 
322,978 
940,616 
565,495 
Creditors: amounts falling due within one year
(424,135)
(237,027)
Net current assets
516,481 
328,468 
Total assets less current liabilities
582,341 
404,612 
Creditors: amounts falling due after more than one year
(5,831)
(28,534)
Provisions for liabilities
Deferred tax
(13,293)
- 
Net assets
563,217 
376,078 
Capital and reserves
Called up share capital
260 
260 
Profit and loss account
562,957 
375,818 
Shareholders' funds
563,217 
376,078 
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 17 November 2023 and were signed on its behalf by
David Man Director Company Registration No. 02448681
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Sandford Electrical Services Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Sandford Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02448681. The registered office is Brightwell Grange, Britwell Road Burnham, Slough, SL1 8DF, United Kingdom.
2
Compliance with accounting standards
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 taxation
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.
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Sandford Electrical Services Limited Notes to the Accounts for the year ended 31 March 2023
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.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
197,849 
12,250 
97,979 
3,942 
312,020 
Additions
- 
- 
2,825 
6,804 
9,629 
At 31 March 2023
197,849 
12,250 
100,804 
10,746 
321,649 
Depreciation
At 1 April 2022
148,101 
11,858 
74,818 
1,099 
235,876 
Charge for the year
12,437 
98 
6,496 
882 
19,913 
At 31 March 2023
160,538 
11,956 
81,314 
1,981 
255,789 
Net book value
At 31 March 2023
37,311 
294 
19,490 
8,765 
65,860 
At 31 March 2022
49,748 
392 
23,161 
2,843 
76,144 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
308,425 
156,879 
Accrued income and prepayments
30,411 
67,788 
Other debtors
23,198 
2,850 
362,034 
227,517 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
22,703 
21,741 
VAT
4,153 
5,078 
Trade creditors
301,837 
79,521 
Taxes and social security
57,840 
14,015 
Other creditors
31,196 
60,940 
Loans from directors
- 
47,271 
Accruals
6,406 
8,461 
424,135 
237,027 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,831 
28,534 
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Sandford Electrical Services Limited Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
260 Ordinary shares of £1 each
260 
260 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
David Man
Loan to Director
- 
23,198 
- 
23,198 
- 
23,198 
- 
23,198 
The loan to the director was interest free and repaid within 9months of the year-end.
10
Transactions with related parties
During the year the director charged the company £30,000 (2022 - £30,000) for rent of the business premises.
11
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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