Company Registration No. 06428728 (England and Wales)
Advanced Electrical Controls Limited
Unaudited accounts
for the year ended 31 May 2024
Advanced Electrical Controls Limited
Unaudited accounts
Contents
Advanced Electrical Controls Limited
Company Information
for the year ended 31 May 2024
Director
Paul Gregory Richardson
Company Number
06428728 (England and Wales)
Registered Office
1 The Courtyard Higham Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EX
Advanced Electrical Controls Limited
Statement of financial position
as at 31 May 2024
Tangible assets
430,003
422,172
Cash at bank and in hand
550,897
527,667
Creditors: amounts falling due within one year
(138,632)
(67,079)
Net current assets
723,995
658,481
Total assets less current liabilities
1,153,998
1,080,653
Provisions for liabilities
Deferred tax
(21,926)
(17,715)
Net assets
1,132,072
1,062,938
Called up share capital
100
100
Profit and loss account
1,131,972
1,062,838
Shareholders' funds
1,132,072
1,062,938
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2024 and were signed on its behalf by
Paul Gregory Richardson
Director
Company Registration No. 06428728
Advanced Electrical Controls Limited
Notes to the Accounts
for the year ended 31 May 2024
Advanced Electrical Controls Limited is a private company, limited by shares, registered in England and Wales, registration number 06428728. The registered office is 1 The Courtyard Higham Lane, Stoke Golding, Nuneaton, Warwickshire, CV13 6EX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
314,602
48,971
298,511
662,084
Additions
-
3,829
42,470
46,299
At 31 May 2024
314,602
52,800
340,981
708,383
At 1 June 2023
-
26,906
213,006
239,912
Charge for the year
-
6,474
31,994
38,468
At 31 May 2024
-
33,380
245,000
278,380
At 31 May 2024
314,602
19,420
95,981
430,003
At 31 May 2023
314,602
22,065
85,505
422,172
Advanced Electrical Controls Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
224,140
136,660
Accrued income and prepayments
19,994
13,320
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
36,286
32,680
Other creditors
6,553
6,264
7
Average number of employees
During the year the average number of employees was 7 (2023: 8).