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REGISTERED NUMBER: 07158762 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

E. K .W ELECTRICAL SERVICES LIMITED

E. K .W ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07158762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E. K .W ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: M Essien





REGISTERED OFFICE: 3rd Floor
Lawford house
Albert Place
London
N3 1QA





REGISTERED NUMBER: 07158762 (England and Wales)





ACCOUNTANTS: Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

E. K .W ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07158762)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 419 559

CURRENT ASSETS
Debtors 5 5,396 5,302
Cash at bank 9,357 5,479
14,753 10,781
CREDITORS
Amounts falling due within one year 6 (9,109 ) (10,485 )
NET CURRENT ASSETS 5,644 296
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,063

855

PROVISIONS FOR LIABILITIES 7 (80 ) (105 )
NET ASSETS 5,983 750

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 5,883 650
SHAREHOLDERS' FUNDS 5,983 750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

E. K .W ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07158762)

BALANCE SHEET - continued
28 FEBRUARY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:





M Essien - Director


E. K .W ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07158762)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

E. K .W Electrical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors loans.

Directors loans (being repayable on demand), are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
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.

E. K .W ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07158762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.Where material, provisions are calculated on a discounted basis.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 9,446
DEPRECIATION
At 1 March 2022 8,887
Charge for year 140
At 28 February 2023 9,027
NET BOOK VALUE
At 28 February 2023 419
At 28 February 2022 559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,980 1,755
Other debtors 3,416 3,547
5,396 5,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 361
Taxation and social security 5,007 6,866
Other creditors 4,102 3,258
9,109 10,485

E. K .W ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07158762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 80 105

Deferred
tax
£   
Balance at 1 March 2022 105
Credit to Statement of Income and Retained Earnings during year (25 )
Balance at 28 February 2023 80

8. RESERVES

All of the company's retained earnings are distributable reserves.

9. RELATED PARTY DISCLOSURES

During the year, there were the following transactions with the director:

The director paid expenses totalling £467 (2022 - £425) on behalf of the company.

The company paid expenses totalling £17 (2022 - £Nil) on behalf of the director.

As at the balance sheet date, the director owed the company the sum of £1,974 (2022 - £2,424).

The above loan is unsecured, interest free and repayable on demand.