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Registration number: 12120117

Electrical Testing Surveyors Holdings Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Electrical Testing Surveyors Holdings Limited
(Registration number: 12120117)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Electrical Testing Surveyors Holdings Limited
(Registration number: 12120117)

Company Information

Directors

Mr J A Chandler

Mr S D Seedell

Registered office

1 Merlin Business Park
Fair Oak Close
Clyst Honiton
Exeter, Devon
EX5 2UL

Accountants

Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Electrical Testing Surveyors Holdings Limited
(Registration number: 12120117)

Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

430,927

430,927

Current assets

 

Debtors

5

-

900

Creditors: Amounts falling due within one year

6

(430,827)

(431,727)

Net current liabilities

 

(430,827)

(430,827)

Net assets

 

100

100

Capital and reserves

 

Called up share capital

100

100

Total equity

 

100

100

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 February 2024 and signed on its behalf by:
 

.........................................
Mr S D Seedell
Director

 

Electrical Testing Surveyors Holdings Limited
(Registration number: 12120117)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
1 Merlin Business Park
Fair Oak Close
Clyst Honiton
Exeter, Devon
EX5 2UL

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.

 

Electrical Testing Surveyors Holdings Limited
(Registration number: 12120117)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

430,927

430,927

 

Electrical Testing Surveyors Holdings Limited
(Registration number: 12120117)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Subsidiaries

£

Cost or valuation

At 1 August 2022

430,927

Provision

Carrying amount

At 31 July 2023

430,927

At 31 July 2022

430,927

5

Debtors

2023
£

2022
£

Other debtors

-

900

Total current trade and other debtors

-

900

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

412,473

362,313

Other creditors

 

18,354

69,414

 

430,827

431,727

7

Related party transactions

Transactions with directors

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Interest free loan repayable on demand

450

-

(450)

-

         

Interest free loan repayable on demand

450

-

(450)

-

         

 

Electrical Testing Surveyors Holdings Limited
(Registration number: 12120117)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

2022

At 1 August 2021
£

Advances to director
£

Repayments by director
£

At 31 July 2022
£

Interest free loan repayable on demand

-

450

-

450

         
       

Interest free loan repayable on demand

-

450

-

450