1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,957 11,957 996 996 10,961 xbrli:pure xbrli:shares iso4217:GBP 11771224 2023-04-01 2024-03-31 11771224 2024-03-31 11771224 2023-03-31 11771224 2022-04-01 2023-03-31 11771224 2023-03-31 11771224 2022-03-31 11771224 core:MotorVehicles 2023-04-01 2024-03-31 11771224 bus:Director1 2023-04-01 2024-03-31 11771224 core:MotorVehicles 2024-03-31 11771224 core:WithinOneYear 2024-03-31 11771224 core:WithinOneYear 2023-03-31 11771224 core:AfterOneYear 2024-03-31 11771224 core:AfterOneYear 2023-03-31 11771224 core:ShareCapital 2024-03-31 11771224 core:ShareCapital 2023-03-31 11771224 core:RetainedEarningsAccumulatedLosses 2024-03-31 11771224 core:RetainedEarningsAccumulatedLosses 2023-03-31 11771224 bus:SmallEntities 2023-04-01 2024-03-31 11771224 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11771224 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11771224 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11771224 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 11771224
EE Electrical Services Ltd
Filleted Unaudited Financial Statements
31 March 2024
EE Electrical Services Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
10,961
Current assets
Debtors
6
18,008
17,483
Cash at bank and in hand
1,014
2,838
--------
--------
19,022
20,321
Creditors: amounts falling due within one year
7
15,878
11,537
--------
--------
Net current assets
3,144
8,784
--------
-------
Total assets less current liabilities
14,105
8,784
Creditors: amounts falling due after more than one year
8
14,014
8,762
--------
-------
Net assets
91
22
--------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
90
21
----
----
Shareholders funds
91
22
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EE Electrical Services Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 7 August 2024 , and are signed on behalf of the board by:
Mr L Cook
Director
Company registration number: 11771224
EE Electrical Services Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32 St Pauls Drive, Chatteris, Cambs, PE16 6DG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Motor vehicles
£
Cost
At 1 April 2023
Additions
11,957
--------
At 31 March 2024
11,957
--------
Depreciation
At 1 April 2023
Charge for the year
996
--------
At 31 March 2024
996
--------
Carrying amount
At 31 March 2024
10,961
--------
At 31 March 2023
--------
6. Debtors
2024
2023
£
£
Trade debtors
14,704
2,750
Other debtors
3,304
14,733
--------
--------
18,008
17,483
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,117
3,040
Corporation tax
6,477
6,557
Social security and other taxes
2,108
990
Other creditors
4,176
950
--------
--------
15,878
11,537
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,645
8,762
Other creditors
8,369
--------
-------
14,014
8,762
--------
-------
9. Related party transactions
No transactions were underaken with related parties such as are required to be disclosed under FRS 102.