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REGISTERED NUMBER: 08848720 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Adlec Electrical Engineering & Marine
Services Limited

Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adlec Electrical Engineering & Marine
Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs D Addi
C J Addi





REGISTERED OFFICE: Unit 2, Strand View
Regent Road
Port Of Liverpool
Liverpool
L20 1HA





REGISTERED NUMBER: 08848720 (England and Wales)





ACCOUNTANTS: Jonathan Ford & Co Limited
Chartered Accountants
Maxwell House
Liverpool Innovation Park
Liverpool
Merseyside
L7 9NJ

Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,354 108,337

CURRENT ASSETS
Debtors 5 1,570,313 894,792
Cash at bank 810,040 1,016,064
2,380,353 1,910,856
CREDITORS
Amounts falling due within one year 6 990,280 603,816
NET CURRENT ASSETS 1,390,073 1,307,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,469,427

1,415,377

CREDITORS
Amounts falling due after more than
one year

7

(29,211

)

(43,633

)

PROVISIONS FOR LIABILITIES (18,106 ) (19,656 )
NET ASSETS 1,422,110 1,352,088

Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,422,108 1,352,086
SHAREHOLDERS' FUNDS 1,422,110 1,352,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





C J Addi - Director


Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)

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

1. STATUTORY INFORMATION

Adlec Electrical Engineering & Marine Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 11 ) .

Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 40,844 6,039 117,565 22,668 187,116
Additions 2,989 350 - 1,207 4,546
Disposals (10,877 ) - (6,500 ) (15,691 ) (33,068 )
At 31 January 2024 32,956 6,389 111,065 8,184 158,594
DEPRECIATION
At 1 February 2023 19,106 3,108 37,194 19,371 78,779
Charge for year 4,057 483 20,093 2,273 26,906
Eliminated on disposal (4,922 ) - (6,012 ) (15,511 ) (26,445 )
At 31 January 2024 18,241 3,591 51,275 6,133 79,240
NET BOOK VALUE
At 31 January 2024 14,715 2,798 59,790 2,051 79,354
At 31 January 2023 21,738 2,931 80,371 3,297 108,337

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,166,826 365,131
Other debtors 1,000 59,032
Social security and other tax 110,926 383,926
Directors' current accounts 219,787 50,645
Tax 62,800 30,316
Prepayments 8,974 5,742
1,570,313 894,792

Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 7,122 6,946
Hire purchase contracts 7,300 7,300
Trade creditors 397,705 132,788
Tax 185,056 100,760
Social security and other taxes 45,035 93,375
VAT 220,345 4,458
Other creditors 646 17,887
Accruals and deferred income 126,253 239,484
Accrued expenses 818 818
990,280 603,816

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 7,302 7,122
Bank loans - 2-5 years 2,117 9,419
Hire purchase contracts 19,792 27,092
29,211 43,633

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary Share Class 1 1 2 2

Adlec Electrical Engineering & Marine
Services Limited (Registered number: 08848720)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mrs D Addi
Balance outstanding at start of year 20,136 42,685
Amounts advanced 97,480 48,491
Amounts repaid (14,501 ) (71,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,115 20,136

C J Addi
Balance outstanding at start of year 30,509 50,594
Amounts advanced 97,887 34,211
Amounts repaid (11,724 ) (54,296 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,672 30,509

All the above advances were interest free and were unsecured. There were no fixed repayment terms.