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REGISTERED NUMBER: 09227015 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Electrification Solutions Limited

Electrification Solutions Limited (Registered number: 09227015)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electrification Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R E Lewis
B Moore





SECRETARY: Ms J C Bateson





REGISTERED OFFICE: Floor 4
Trafford House
Chester Road
Manchester
M32 0RS





REGISTERED NUMBER: 09227015 (England and Wales)





ACCOUNTANTS: Lerman Quaile
1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU

Electrification Solutions Limited (Registered number: 09227015)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,971 23,980
Tangible assets 5 68,899 95,569
79,870 119,549

CURRENT ASSETS
Debtors 6 910,064 1,936,776
Cash at bank 39,093 260,272
949,157 2,197,048
CREDITORS
Amounts falling due within one year 7 719,489 1,543,783
NET CURRENT ASSETS 229,668 653,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,538

772,814

CREDITORS
Amounts falling due after more than one
year

8

(83,566

)

(167,670

)

PROVISIONS FOR LIABILITIES - (29,887 )
NET ASSETS 225,972 575,257

CAPITAL AND RESERVES
Called up share capital 480 480
Retained earnings 225,492 574,777
SHAREHOLDERS' FUNDS 225,972 575,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Electrification Solutions Limited (Registered number: 09227015)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




B Moore - Director



R E Lewis - Director


Electrification Solutions Limited (Registered number: 09227015)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Electrification Solutions 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.

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.

Computer software
Internally developed computer software is amortised at the rate of 25% straight line.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost, 20% on cost and 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 33 ) .

Electrification Solutions Limited (Registered number: 09227015)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 52,035
AMORTISATION
At 1 April 2023 28,055
Charge for year 13,009
At 31 March 2024 41,064
NET BOOK VALUE
At 31 March 2024 10,971
At 31 March 2023 23,980

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 33,773 51,522 45,315 103,946 234,556
Additions - 3,041 2,864 - 5,905
At 31 March 2024 33,773 54,563 48,179 103,946 240,461
DEPRECIATION
At 1 April 2023 33,773 13,305 45,154 46,755 138,987
Charge for year - 10,298 1,488 20,789 32,575
At 31 March 2024 33,773 23,603 46,642 67,544 171,562
NET BOOK VALUE
At 31 March 2024 - 30,960 1,537 36,402 68,899
At 31 March 2023 - 38,217 161 57,191 95,569

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 611,934 1,093,721
Other debtors 298,130 843,055
910,064 1,936,776

Electrification Solutions Limited (Registered number: 09227015)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 84,104 183,079
Trade creditors 342,191 992,269
Taxation and social security 37,873 130,321
Other creditors 255,321 238,114
719,489 1,543,783

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 83,566 167,670