Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01false1311truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05862825 2022-07-01 2023-06-30 05862825 2021-07-01 2022-06-30 05862825 2023-06-30 05862825 2022-06-30 05862825 c:Director1 2022-07-01 2023-06-30 05862825 d:PlantMachinery 2022-07-01 2023-06-30 05862825 d:PlantMachinery 2023-06-30 05862825 d:PlantMachinery 2022-06-30 05862825 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05862825 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05862825 d:MotorVehicles 2022-07-01 2023-06-30 05862825 d:MotorVehicles 2023-06-30 05862825 d:MotorVehicles 2022-06-30 05862825 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05862825 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05862825 d:FurnitureFittings 2022-07-01 2023-06-30 05862825 d:FurnitureFittings 2023-06-30 05862825 d:FurnitureFittings 2022-06-30 05862825 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05862825 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05862825 d:OfficeEquipment 2022-07-01 2023-06-30 05862825 d:OfficeEquipment 2023-06-30 05862825 d:OfficeEquipment 2022-06-30 05862825 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05862825 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05862825 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05862825 d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 05862825 d:CurrentFinancialInstruments 2023-06-30 05862825 d:CurrentFinancialInstruments 2022-06-30 05862825 d:Non-currentFinancialInstruments 2023-06-30 05862825 d:Non-currentFinancialInstruments 2022-06-30 05862825 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05862825 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05862825 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05862825 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 05862825 d:ShareCapital 2023-06-30 05862825 d:ShareCapital 2022-06-30 05862825 d:RetainedEarningsAccumulatedLosses 2023-06-30 05862825 d:RetainedEarningsAccumulatedLosses 2022-06-30 05862825 c:FRS102 2022-07-01 2023-06-30 05862825 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05862825 c:FullAccounts 2022-07-01 2023-06-30 05862825 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05862825 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-06-30 05862825 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2022-06-30 05862825 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-06-30 05862825 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2022-06-30 05862825 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2023-06-30 05862825 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 05862825










GENERAL ELECTRICAL CONTRACTORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
GENERAL ELECTRICAL CONTRACTORS LIMITED
REGISTERED NUMBER: 05862825

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
75,234
93,646

Current assets
  

Stocks
  
9,800
16,250

Debtors: amounts falling due within one year
 5 
380,691
265,586

Cash at bank and in hand
  
307,096
448,074

  
697,587
729,910

Creditors: amounts falling due within one year
 6 
(289,789)
(241,330)

Net current assets
  
 
 
407,798
 
 
488,580

Total assets less current liabilities
  
483,032
582,226

Creditors: amounts falling due after more than one year
 7 
-
(13,483)

Provisions for liabilities
  

Deferred tax
  
(16,426)
(17,793)

Net assets
  
466,606
550,950


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
466,506
550,850

  
466,606
550,950


Page 1

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
REGISTERED NUMBER: 05862825
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.



M.D. Hughes
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

General Electrical Contractors Limited (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office and principal place of business is Unit 6 Optical Park, Middlemore Lane West, Aldridge, Walsall WS9 8EJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling (£).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20% on a reducing balance basis
Motor vehicles
-
25% on a reducing balance basis
Fixtures and fittings
-
20% on a reducing balance basis
Office equipment
-
33 1/3% on a reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Page 4

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 11).

Page 5

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 July 2022
4,329
130,060
17,431
37,528
189,348


Additions
6,850
-
-
-
6,850


Disposals
(4,329)
-
-
-
(4,329)



At 30 June 2023

6,850
130,060
17,431
37,528
191,869



Depreciation


At 1 July 2022
4,329
38,124
17,431
35,819
95,703


Charge for the year on owned assets
1,370
15,253
-
907
17,530


Charge for the year on financed assets
-
7,731
-
-
7,731


Disposals
(4,329)
-
-
-
(4,329)



At 30 June 2023

1,370
61,108
17,431
36,726
116,635



Net book value



At 30 June 2023
5,480
68,952
-
802
75,234



At 30 June 2022
-
91,936
-
1,710
93,646

Page 6

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
374,125
256,602

Amounts owed by group undertakings
1,329
1,329

Prepayments and accrued income
5,237
7,655

380,691
265,586



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
110,062
88,904

Corporation tax
66,359
50,936

Other taxation and social security
44,442
58,690

Obligations under hire purchase contracts - secured on related assets
13,483
13,673

Other creditors
1,966
-

Accruals and deferred income
53,477
29,127

289,789
241,330



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Obligations under hire purchase contracts - secured on related assets
-
13,483


Page 7

 
GENERAL ELECTRICAL CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


8.


Commitments under operating leases

At 30 June 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022

£
£


Not later than 1 year
39,683
36,566

Later than 1 year and not later than 5 years
52,400
57,583

92,083
94,149


9.


Ultimate parent undertaking

The ultimate parent undertaking is MSH Holdings Limited, a company registered in England.

 
Page 8