Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31442023-04-01falsefalseNo description of principal activity43true SC057900 2023-04-01 2024-03-31 SC057900 2022-04-01 2023-03-31 SC057900 2024-03-31 SC057900 2023-03-31 SC057900 c:CompanySecretary1 2023-04-01 2024-03-31 SC057900 c:Director2 2023-04-01 2024-03-31 SC057900 c:Director3 2023-04-01 2024-03-31 SC057900 c:Director4 2023-04-01 2024-03-31 SC057900 c:RegisteredOffice 2023-04-01 2024-03-31 SC057900 d:MotorVehicles 2023-04-01 2024-03-31 SC057900 d:MotorVehicles 2024-03-31 SC057900 d:MotorVehicles 2023-03-31 SC057900 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC057900 d:FurnitureFittings 2023-04-01 2024-03-31 SC057900 d:FurnitureFittings 2024-03-31 SC057900 d:FurnitureFittings 2023-03-31 SC057900 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC057900 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC057900 d:CurrentFinancialInstruments 2024-03-31 SC057900 d:CurrentFinancialInstruments 2023-03-31 SC057900 d:Non-currentFinancialInstruments 2024-03-31 SC057900 d:Non-currentFinancialInstruments 2023-03-31 SC057900 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC057900 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC057900 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC057900 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC057900 d:ShareCapital 2024-03-31 SC057900 d:ShareCapital 2023-03-31 SC057900 d:CapitalRedemptionReserve 2024-03-31 SC057900 d:CapitalRedemptionReserve 2023-03-31 SC057900 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC057900 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC057900 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC057900 c:OrdinaryShareClass1 2024-03-31 SC057900 c:OrdinaryShareClass1 2023-03-31 SC057900 c:OrdinaryShareClass2 2023-04-01 2024-03-31 SC057900 c:OrdinaryShareClass2 2024-03-31 SC057900 c:OrdinaryShareClass2 2023-03-31 SC057900 c:OrdinaryShareClass4 2023-04-01 2024-03-31 SC057900 c:OrdinaryShareClass4 2024-03-31 SC057900 c:OrdinaryShareClass4 2023-03-31 SC057900 c:FRS102 2023-04-01 2024-03-31 SC057900 c:Audited 2023-04-01 2024-03-31 SC057900 c:FullAccounts 2023-04-01 2024-03-31 SC057900 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC057900 d:WithinOneYear 2024-03-31 SC057900 d:WithinOneYear 2023-03-31 SC057900 d:BetweenOneFiveYears 2024-03-31 SC057900 d:BetweenOneFiveYears 2023-03-31 SC057900 d:MoreThanFiveYears 2024-03-31 SC057900 d:MoreThanFiveYears 2023-03-31 SC057900 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC057900










E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
 

COMPANY INFORMATION


Directors
Mr C Murray 
Mrs L Rafferty 
Mr L Farrow 




Company secretary
Mrs L Rafferty



Registered number
SC057900



Registered office
Boston Road
Viewfield Industrial Estate

Glenrothes

Fife

KY6 2RE




Independent auditors
Sumer Auditco Limited
Chartered Accountants & Statutory Auditors

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
REGISTERED NUMBER: SC057900

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
205,205
144,141

  
205,205
144,141

Current assets
  

Debtors: amounts falling due within one year
 5 
522,932
625,506

Cash at bank and in hand
  
854,372
442,760

  
1,377,304
1,068,266

Creditors: amounts falling due within one year
 6 
(819,419)
(675,951)

Net current assets
  
 
 
557,885
 
 
392,315

Total assets less current liabilities
  
763,090
536,456

Creditors: amounts falling due after more than one year
 7 
(53,345)
(26,406)

Provisions for liabilities
  

Deferred tax
  
(39,479)
(19,763)

  
 
 
(39,479)
 
 
(19,763)

Net assets
  
670,266
490,287


Capital and reserves
  

Called up share capital 
 8 
7,500
7,500

Capital redemption reserve
  
7,500
7,500

Profit and loss account
  
655,266
475,287

  
670,266
490,287


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 July 2024.




Mrs L Rafferty
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number: SC057900. The registered office address is Boston Road, Viewfield Industrial Estate, Glenrothes, Fife, KY6 2RE.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 2

 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20% - 25% straight line
Fixtures and fittings
-
20% - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 43 (2023 - 44).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
289,089
8,907
297,996


Additions
108,852
-
108,852


Disposals
(64,440)
-
(64,440)



At 31 March 2024

333,501
8,907
342,408



Depreciation


At 1 April 2023
146,498
7,357
153,855


Charge for the year on owned assets
42,989
611
43,600


Disposals
(60,252)
-
(60,252)



At 31 March 2024

129,235
7,968
137,203



Net book value



At 31 March 2024
204,266
939
205,205



At 31 March 2023
142,591
1,550
144,141

Page 5

 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
452,658
513,730

Other debtors
-
10,809

Prepayments and accrued income
6,938
6,874

Amounts recoverable on long-term contracts
63,336
94,093

522,932
625,506



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
332,792
302,701

Other taxation and social security
383,221
293,588

Obligations under finance lease and hire purchase contracts
34,388
11,818

Other creditors
13,708
13,170

Accruals and deferred income
55,310
54,674

819,419
675,951


Secured loans
Hire purchase liabilities are secured by the relevant assets


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
53,345
26,406


Secured loans
Hire purchase liabilities are secured by the relevant assets

Page 6

 
E W EDWARDSON (ELECTRICAL CONTRACTORS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,250 (2023 - 5,250) Ordinary shares of £1.00 each
5,250
5,250
1,875 (2023 - 1,875) Ordinary 'A' shares of £1.00 each
1,875
1,875
375 (2023 - 375) Ordinary 'C' shares of £1.00 each
375
375

7,500

7,500



9.


Contingent liabilities

The Company has a guarantee in place in respect of loan notes in E.W. Edwardson 2022 Holdings Limited. The total loan notes in this company as at 31 March 2024 amounted to £687,500 (2023 - £1,125,000).


10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
24,749
26,188

Later than 1 year and not later than 5 years
92,008
81,547

Later than 5 years
75,000
95,000

191,757
202,735


11.


Controlling party

During the year, the ultimate controlling party was E.W. Edwardson 2022 Holdings Limited, a company registered in Scotland, whose registered office is 10 Boston Road, Viewfield Industrial Estate, Glenrothes, Scotland, KY6 2RE.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 17 July 2024 by Mark Gibson (Senior statutory auditor) on behalf of Sumer Auditco Limited.


Page 7