E.O.M.(ELECTRICAL CONTRACTORS)LTD

Company Registration Number:
02899572 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 59,767 89,534
Tangible assets: 4 439,364 405,872
Investments: 5 265,000 240,000
Total fixed assets: 764,131 735,406
Current assets
Stocks: 225,151 128,418
Debtors: 6 386,661 910,396
Cash at bank and in hand: 543,574 95,599
Investments:   0 0
Total current assets: 1,155,386 1,134,413
Creditors: amounts falling due within one year: 7 (294,116) (362,877)
Net current assets (liabilities): 861,270 771,536
Total assets less current liabilities: 1,625,401 1,506,942
Creditors: amounts falling due after more than one year: 8 (15,287) (39,107)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,610,114 1,467,835
Capital and reserves
Called up share capital: 16,026 16,026
Share premium account: 3,529 3,529
Revaluation reserve:9294,938269,938
Other reserves: 12,671 12,671
Profit and loss account: 1,282,950 1,165,671
Shareholders funds: 1,610,114 1,467,835

The notes form part of these financial statements

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

This report was approved by the board of directors on 13 July 2023
and signed on behalf of the board by:

Name: Kate Curran, Company Secretary
Status: Director

The notes form part of these financial statements

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

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

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 35 36

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 148,839
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2023 148,839
Amortisation
At 01 April 2022 59,305
Charge for year 29,767
On disposals 0
Other adjustments 0
At 31 March 2023 89,072
Net book value
At 31 March 2023 59,767
At 31 March 2022 89,534

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 690,358
Additions 76,865
Disposals (52,126)
Revaluations 0
Transfers 0
At 31 March 2023 715,097
Depreciation
At 01 April 2022 284,486
Charge for year 43,373
On disposals (52,126)
Other adjustments 0
At 31 March 2023 275,733
Net book value
At 31 March 2023 439,364
At 31 March 2022 405,872

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Fixed investments

The 2023 valuations were made for the Directors on an open market value for existing use basis.

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due within one year note

£294,116 (2022: £362,877)

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

£15,287 (2022: £39,107)

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

9. Revaluation reserve

2023
£
Balance at 01 April 2022 269,938
Surplus or deficit after revaluation 25,000
Balance at 31 March 2023 294,938

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

10. Financial commitments

Pension Commitments: The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. Contributions of £5,344 (2022: £5,481) were outstanding at the balance sheet date.

E.O.M.(ELECTRICAL CONTRACTORS)LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

11. Post balance sheet events

EOM (Electrical Contractors) Ltd is a subsidiary of Barcud Cyfyngedig who provides a service to the Housing Association with profits bolstered by work for other third parties where some or all of the profits would be gift aided up to the housing association. For the 2022/23 year end it is proposed that EOM will keep £150k of the profit for reinvestment, with the remaining being gift aided up to its parent company, Barcud Cyfyngedig.