I & R EC Ltd 04833660 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false false false 04833660 2022-07-01 2023-06-30 04833660 2023-06-30 04833660 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 04833660 bus:SmallEntities 2022-07-01 2023-06-30 04833660 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 04833660 bus:FullAccounts 2022-07-01 2023-06-30 04833660 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 04833660 bus:RegisteredOffice 2022-07-01 2023-06-30 04833660 bus:Director1 2022-07-01 2023-06-30 04833660 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04833660 core:Subsidiary1 2022-07-01 2023-06-30 04833660 core:Subsidiary1 1 2022-07-01 2023-06-30 04833660 core:Subsidiary1 countries:England 2022-07-01 2023-06-30 04833660 core:Subsidiary2 2022-07-01 2023-06-30 04833660 core:Subsidiary2 1 2022-07-01 2023-06-30 04833660 core:Subsidiary2 countries:England 2022-07-01 2023-06-30 04833660 countries:England 2022-07-01 2023-06-30 04833660 core:CostValuation 2022-06-30 04833660 2021-07-01 2022-06-30 04833660 2022-06-30 04833660 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 04833660 core:Subsidiary1 1 2021-07-01 2022-06-30 04833660 core:Subsidiary2 1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 04833660

I & R EC Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

I & R EC Ltd

(Registration number: 04833660)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

331,750

331,750

Creditors: Amounts falling due within one year

5

(242,650)

(246,650)

Net assets

 

89,100

85,100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

89,000

85,000

Shareholders' funds

 

89,100

85,100

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director for issue on 31 January 2024
 

.........................................

I R Bird

Director

 

I & R EC Ltd

Notes to the Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
22 St Georges Street
Stamford
Lincolnshire
PE9 2BU
United Kingdom

The principal place of business is:
Barrons Farm
60 Stowgate
Deeping St James
Peterborough
Cambridgeshire
PE6 8RW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

I & R EC Ltd

Notes to the Financial Statements for the Year Ended 30 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

I & R EC Ltd

Notes to the Financial Statements for the Year Ended 30 June 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

331,750

331,750

Subsidiaries

£

Cost or valuation

At 1 July 2022

331,750

Provision

Carrying amount

At 30 June 2023

331,750

At 30 June 2022

331,750

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

T.J. Electrical Engineers & Contractors Ltd

22 St Georges Street
Stamford
Lincolnshire
PE9 2BU

England

Ordinary shares

100%

100%

Site Electrical Services (Ramsey) Ltd

22 St Georges Street
Stamford
Lincolnshire
PE9 2BU

England

Ordinary shares

100%

100%

Subsidiary undertakings

T.J. Electrical Engineers & Contractors Ltd

The principal activity of T.J. Electrical Engineers & Contractors Ltd is electrical contracting services..

Site Electrical Services (Ramsey) Ltd

The principal activity of Site Electrical Services (Ramsey) Ltd is that of a dormant company..

 

I & R EC Ltd

Notes to the Financial Statements for the Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

242,650

246,650