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REGISTERED NUMBER: 05779722 (England and Wales)














ELECTRICARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






ELECTRICARE LIMITED (REGISTERED NUMBER: 05779722)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


ELECTRICARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: P J Mitchell





SECRETARY: Mrs C F Mitchell





REGISTERED OFFICE: 43 Henley Fields
St Michaels
Tenterden
Kent
TN30 6EL





REGISTERED NUMBER: 05779722 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

ELECTRICARE LIMITED (REGISTERED NUMBER: 05779722)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,446 29,366

CURRENT ASSETS
Stocks 3,200 3,200
Debtors 5 62,801 49,928
Cash at bank and in hand 92,434 58,317
158,435 111,445
CREDITORS
Amounts falling due within one year 6 69,741 48,723
NET CURRENT ASSETS 88,694 62,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,140

92,088

PROVISIONS FOR LIABILITIES 9,392 7,781
NET ASSETS 114,748 84,307

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 21,097 21,097
Retained earnings 92,651 62,210
SHAREHOLDERS' FUNDS 114,748 84,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:



P J Mitchell - Director


ELECTRICARE LIMITED (REGISTERED NUMBER: 05779722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Electricare 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 5% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ELECTRICARE LIMITED (REGISTERED NUMBER: 05779722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Grant income recognition
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 12,070 7,719 48,080 2,184 70,053
Additions - - 14,798 275 15,073
At 31 August 2023 12,070 7,719 62,878 2,459 85,126
DEPRECIATION
At 1 September 2022 3,011 4,396 31,647 1,633 40,687
Charge for year 603 332 7,808 250 8,993
At 31 August 2023 3,614 4,728 39,455 1,883 49,680
NET BOOK VALUE
At 31 August 2023 8,456 2,991 23,423 576 35,446
At 31 August 2022 9,059 3,323 16,433 551 29,366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,760 34,327
Other debtors 4,792 14,916
Prepayments and accrued income 7,249 685
62,801 49,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 28,306 15,663
Tax 27,014 22,775
Social security and other taxes 1,211 312
Pension creditor 139 -
VAT 10,973 8,007
Directors' current accounts 948 816
Accrued expenses 1,150 1,150
69,741 48,723

ELECTRICARE LIMITED (REGISTERED NUMBER: 05779722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary shares 1 1,000 1,000