IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Company Registration Number:
12581395 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Additional notes
Balance sheet notes

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 24,686 30,162
Investments:   0 0
Total fixed assets: 24,686 30,162
Current assets
Stocks: 4 30,000 30,000
Debtors: 5 65,579 67,557
Cash at bank and in hand: 31,650 5,775
Total current assets: 127,229 103,332
Prepayments and accrued income: 10,732 0
Creditors: amounts falling due within one year: 6 ( 170,585 ) ( 277,441 )
Net current assets (liabilities): (32,624) (174,109)
Total assets less current liabilities: (7,938) ( 143,947)
Creditors: amounts falling due after more than one year: 7 ( 168,985 ) ( 55,843 )
Total net assets (liabilities): (176,923) (199,790)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (177,023 ) (199,890 )
Total Shareholders' funds: ( 176,923 ) (199,790)

The notes form part of these financial statements

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 October 2023
and signed on behalf of the board by:

Name: Jonjo Geraghty
Status: Director

The notes form part of these financial statements

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 8

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 1,380 893 2,452 31,891 36,616
Additions
Disposals
Revaluations
Transfers
At 31 May 2023 1,380 893 2,452 31,891 36,616
Depreciation
At 1 June 2022 0 223 240 5,991 6,454
Charge for year 167 554 4,755 5,476
On disposals
Other adjustments
At 31 May 2023 0 390 794 10,746 11,930
Net book value
At 31 May 2023 1,380 503 1,658 21,145 24,686
At 31 May 2022 1,380 670 2,212 25,900 30,162

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Stocks

2023 2022
£ £
Stocks 30,000 30,000
Total 30,000 30,000

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors

2023 2022
£ £
Trade debtors 65,579 67,557
Prepayments and accrued income 0 0
Total 65,579 67,557

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 8,829 16,162
Trade creditors 31,147 128,762
Taxation and social security 100,066 43,648
Accruals and deferred income 11,867
Other creditors 30,543 77,002
Total 170,585 277,441

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 55,843
Other creditors 168,985
Total 168,985 55,843