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Registered number: 14076213
ECP Electrical Services Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of ECP Electrical Services Ltd
for the year ended 30 April 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of  ECP Electrical Services Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rulesstandards/acca-rulebook.html.
This report is made to the director of ECP Electrical Services Ltd, as a body, in accordance with the terms of our
engagement letter dated 28 July 2022. Our work has been undertaken solely to prepare for your approval the accounts of ECP Electrical Services Ltd and state those matters that we have agreed to state to the director of ECP Electrical Services Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ECP Electrical Services Ltd and its director as a body for our work or for this report.
It is your duty to ensure that ECP Electrical Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of ECP Electrical Services Ltd. You consider that ECP Electrical Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ECP Electrical Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
9th October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 14076213
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 449 599
Tangible Assets 5 2,462 2,199
2,911 2,798
CURRENT ASSETS
Stocks 6 2,500 15,418
Debtors 7 217,362 159,620
Cash at bank and in hand 11 3,615
219,873 178,653
Creditors: Amounts Falling Due Within One Year 8 (183,369 ) (168,751 )
NET CURRENT ASSETS (LIABILITIES) 36,504 9,902
TOTAL ASSETS LESS CURRENT LIABILITIES 39,415 12,700
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (558 ) (456 )
NET ASSETS 38,857 12,244
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 38,855 12,242
SHAREHOLDERS' FUNDS 38,857 12,244
Page 2
Page 3
For the year ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Dagnall
Director
9th October 2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
ECP Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14076213 . The registered office is Beech House, New Hall Lane, Bolton, England, BL1 5LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight line method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment 33.33% Straight line method
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 8)
10 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 749
As at 30 April 2024 749
Amortisation
As at 1 May 2023 150
Provided during the period 150
As at 30 April 2024 300
Net Book Value
As at 30 April 2024 449
As at 1 May 2023 599
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 - 1,870 592 2,462
Additions 900 - - 900
As at 30 April 2024 900 1,870 592 3,362
...CONTINUED
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Page 6
Depreciation
As at 1 May 2023 - 168 95 263
Provided during the period 15 425 197 637
As at 30 April 2024 15 593 292 900
Net Book Value
As at 30 April 2024 885 1,277 300 2,462
As at 1 May 2023 - 1,702 497 2,199
6. Stocks
2024 2023
£ £
Materials 2,500 3,000
Work in progress - 12,418
2,500 15,418
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 127,696 107,746
Amounts owed by participating interests 3,950 4,752
Other debtors 85,716 47,122
217,362 159,620
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,088 51,739
Bank loans and overdrafts 670 5,000
Other creditors 101,862 100,286
Taxation and social security 34,749 11,726
183,369 168,751
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Other Creditors 64,865 69,080
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 558 456
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11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
12. Related Party Transactions
The company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 7