2022-09-012023-08-312023-08-31false12786809ELECTRAWORKS LIMITED2023-10-1943210iso4217:GBPxbrli:pure127868092022-09-01127868092023-08-31127868092022-09-012023-08-31127868092021-09-01127868092022-08-31127868092021-09-012022-08-3112786809bus:SmallEntities2022-09-012023-08-3112786809bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3112786809bus:AbridgedAccounts2022-09-012023-08-3112786809bus:PrivateLimitedCompanyLtd2022-09-012023-08-3112786809core:WithinOneYear2023-08-3112786809core:AfterOneYear2023-08-3112786809core:WithinOneYear2022-08-3112786809core:AfterOneYear2022-08-3112786809core:ShareCapital2023-08-3112786809core:SharePremium2023-08-3112786809core:RevaluationReserve2023-08-3112786809core:OtherReservesSubtotal2023-08-3112786809core:RetainedEarningsAccumulatedLosses2023-08-3112786809core:ShareCapital2022-08-3112786809core:SharePremium2022-08-3112786809core:RevaluationReserve2022-08-3112786809core:OtherReservesSubtotal2022-08-3112786809core:RetainedEarningsAccumulatedLosses2022-08-3112786809core:LandBuildings2023-08-3112786809core:PlantMachinery2023-08-3112786809core:Vehicles2023-08-3112786809core:FurnitureFittings2023-08-3112786809core:OfficeEquipment2023-08-3112786809core:NetGoodwill2023-08-3112786809core:IntangibleAssetsOtherThanGoodwill2023-08-3112786809core:ListedExchangeTraded2023-08-3112786809core:UnlistedNon-exchangeTraded2023-08-3112786809core:LandBuildings2022-08-3112786809core:PlantMachinery2022-08-3112786809core:Vehicles2022-08-3112786809core:FurnitureFittings2022-08-3112786809core:OfficeEquipment2022-08-3112786809core:NetGoodwill2022-08-3112786809core:IntangibleAssetsOtherThanGoodwill2022-08-3112786809core:ListedExchangeTraded2022-08-3112786809core:UnlistedNon-exchangeTraded2022-08-3112786809core:LandBuildings2022-09-012023-08-3112786809core:PlantMachinery2022-09-012023-08-3112786809core:Vehicles2022-09-012023-08-3112786809core:FurnitureFittings2022-09-012023-08-3112786809core:OfficeEquipment2022-09-012023-08-3112786809core:NetGoodwill2022-09-012023-08-3112786809core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3112786809core:ListedExchangeTraded2022-09-012023-08-3112786809core:UnlistedNon-exchangeTraded2022-09-012023-08-3112786809core:MoreThanFiveYears2022-09-012023-08-3112786809core:Non-currentFinancialInstruments2023-08-3112786809core:Non-currentFinancialInstruments2022-08-3112786809dpl:CostSales2022-09-012023-08-3112786809dpl:DistributionCosts2022-09-012023-08-3112786809dpl:AdministrativeExpenses2022-09-012023-08-3112786809core:LandBuildings2022-09-012023-08-3112786809core:PlantMachinery2022-09-012023-08-3112786809core:Vehicles2022-09-012023-08-3112786809core:FurnitureFittings2022-09-012023-08-3112786809core:OfficeEquipment2022-09-012023-08-3112786809core:NetGoodwill2022-09-012023-08-3112786809core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3112786809dpl:GroupUndertakings2022-09-012023-08-3112786809dpl:ParticipatingInterests2022-09-012023-08-3112786809dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3112786809core:ListedExchangeTraded2022-09-012023-08-3112786809dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3112786809core:UnlistedNon-exchangeTraded2022-09-012023-08-3112786809dpl:CostSales2021-09-012022-08-3112786809dpl:DistributionCosts2021-09-012022-08-3112786809dpl:AdministrativeExpenses2021-09-012022-08-3112786809core:LandBuildings2021-09-012022-08-3112786809core:PlantMachinery2021-09-012022-08-3112786809core:Vehicles2021-09-012022-08-3112786809core:FurnitureFittings2021-09-012022-08-3112786809core:OfficeEquipment2021-09-012022-08-3112786809core:NetGoodwill2021-09-012022-08-3112786809core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3112786809dpl:GroupUndertakings2021-09-012022-08-3112786809dpl:ParticipatingInterests2021-09-012022-08-3112786809dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3112786809core:ListedExchangeTraded2021-09-012022-08-3112786809dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3112786809core:UnlistedNon-exchangeTraded2021-09-012022-08-3112786809core:NetGoodwill2023-08-3112786809core:IntangibleAssetsOtherThanGoodwill2023-08-3112786809core:LandBuildings2023-08-3112786809core:PlantMachinery2023-08-3112786809core:Vehicles2023-08-3112786809core:FurnitureFittings2023-08-3112786809core:OfficeEquipment2023-08-3112786809core:AfterOneYear2023-08-3112786809core:WithinOneYear2023-08-3112786809core:ListedExchangeTraded2023-08-3112786809core:UnlistedNon-exchangeTraded2023-08-3112786809core:ShareCapital2023-08-3112786809core:SharePremium2023-08-3112786809core:RevaluationReserve2023-08-3112786809core:OtherReservesSubtotal2023-08-3112786809core:RetainedEarningsAccumulatedLosses2023-08-3112786809core:NetGoodwill2022-08-3112786809core:IntangibleAssetsOtherThanGoodwill2022-08-3112786809core:LandBuildings2022-08-3112786809core:PlantMachinery2022-08-3112786809core:Vehicles2022-08-3112786809core:FurnitureFittings2022-08-3112786809core:OfficeEquipment2022-08-3112786809core:AfterOneYear2022-08-3112786809core:WithinOneYear2022-08-3112786809core:ListedExchangeTraded2022-08-3112786809core:UnlistedNon-exchangeTraded2022-08-3112786809core:ShareCapital2022-08-3112786809core:SharePremium2022-08-3112786809core:RevaluationReserve2022-08-3112786809core:OtherReservesSubtotal2022-08-3112786809core:RetainedEarningsAccumulatedLosses2022-08-3112786809core:NetGoodwill2021-09-0112786809core:IntangibleAssetsOtherThanGoodwill2021-09-0112786809core:LandBuildings2021-09-0112786809core:PlantMachinery2021-09-0112786809core:Vehicles2021-09-0112786809core:FurnitureFittings2021-09-0112786809core:OfficeEquipment2021-09-0112786809core:AfterOneYear2021-09-0112786809core:WithinOneYear2021-09-0112786809core:ListedExchangeTraded2021-09-0112786809core:UnlistedNon-exchangeTraded2021-09-0112786809core:ShareCapital2021-09-0112786809core:SharePremium2021-09-0112786809core:RevaluationReserve2021-09-0112786809core:OtherReservesSubtotal2021-09-0112786809core:RetainedEarningsAccumulatedLosses2021-09-0112786809core:AfterOneYear2022-09-012023-08-3112786809core:WithinOneYear2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:CostValuation2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3112786809core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3112786809core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3112786809core:Non-currentFinancialInstrumentscore:CostValuation2022-08-3112786809core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-3112786809core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-3112786809core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-3112786809core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-3112786809core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-3112786809core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-3112786809core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-3112786809core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-3112786809bus:Director12022-09-012023-08-31

ELECTRAWORKS LIMITED

Registered Number
12786809
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

ELECTRAWORKS LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

CROWDY, Mark

Registered Address

51 Denman Drive
Ashford
TW15 2AN

Registered Number

12786809 (England and Wales)
ELECTRAWORKS LIMITED
Statement of Financial Position
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets527,91428,213
27,91428,213
Current assets
Stocks61,5011,000
Debtors71,31329,146
Cash at bank and on hand12,8327,644
15,64637,790
Creditors amounts falling due within one year8(12,434)(11,550)
Net current assets (liabilities)3,21226,240
Total assets less current liabilities31,12654,453
Creditors amounts falling due after one year(20,093)(24,329)
Provisions for liabilities10(5,304)(5,361)
Net assets5,72924,763
Capital and reserves
Called up share capital100100
Other reserves(39,450)(22,450)
Profit and loss account45,07947,113
Shareholders' funds5,72924,763
The financial statements were approved and authorised for issue by the Director on 19 October 2023, and are signed on its behalf by:
CROWDY, Mark
Director
Registered Company No. 12786809
ELECTRAWORKS LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles-5
Office Equipment25-
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 September 2235,442
At 31 August 2335,442
Depreciation and impairment
At 01 September 227,229
Charge for year299
At 31 August 237,528
Net book value
At 31 August 2327,914
At 31 August 2228,213
6.Stocks

2023

2022

££
Other stocks1,5011,000
Total1,5011,000
7.Debtors

2023

2022

££
Trade debtors / trade receivables342607
Other debtors14,915
Called up share capital not paid, current asset-100
Prepayments and accrued income97023,524
Total1,31329,146
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables-2,219
Bank borrowings and overdrafts610468
Taxation and social security6,6762,667
Finance lease and HP contracts4,2364,236
Other creditors4461,494
Accrued liabilities and deferred income466466
Total12,43411,550
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts20,09324,329
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)5,3045,361
Total5,3045,361