Company Registration No. 08038285 (England and Wales)
RH Electrical (Hull) Limited
Unaudited accounts
for the year ended 30 April 2022
RH Electrical (Hull) Limited
Unaudited accounts
Contents
RH Electrical (Hull) Limited
Statement of financial position
as at
30 April 2022
Tangible assets
4,820
6,025
Inventories
31,239
31,239
Cash at bank and in hand
131,058
60,189
Creditors: amounts falling due within one year
(49,489)
(39,064)
Net current assets
158,391
63,793
Total assets less current liabilities
163,211
69,818
Creditors: amounts falling due after more than one year
(18,531)
(25,417)
Provisions for liabilities
Deferred tax
(916)
(1,145)
Net assets
143,764
43,256
Called up share capital
4
4
Profit and loss account
143,760
43,252
Shareholders' funds
143,764
43,256
For the year ending 30 April 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 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 30 January 2023 and were signed on its behalf by
Richard Hodges
Director
Company Registration No. 08038285
RH Electrical (Hull) Limited
Notes to the Accounts
for the year ended 30 April 2022
RH Electrical (Hull) Limited is a private company, limited by shares, registered in England and Wales, registration number 08038285. The registered office is Oberon House, Ferries Street, Hull, HU9 1RL.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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.
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
20% on Net Book Value
Motor vehicles
20% on Net Book Value
Fixtures & fittings
20% on Net Book Value
RH Electrical (Hull) Limited
Notes to the Accounts
for the year ended 30 April 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2021
1,455
13,480
667
15,602
At 30 April 2022
1,455
13,480
667
15,602
At 1 May 2021
291
9,153
133
9,577
Charge for the year
233
865
107
1,205
At 30 April 2022
524
10,018
240
10,782
At 30 April 2022
931
3,462
427
4,820
At 30 April 2021
1,164
4,327
534
6,025
Amounts falling due within one year
Trade debtors
43,226
9,923
Accrued income and prepayments
2,357
1,506
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
25,831
2,202
Other creditors
10,075
23,843
Loans from directors
20
3,765
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
18,531
25,417
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).