IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Company Registration Number:
12581395 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

Construction of other civil engineering projects and electrical installation



Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Jonjo Geraghty


The director shown below has held office during the period of
5 April 2024 to 31 May 2024

John Smith


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 October 2024

And signed on behalf of the board by:
Name: Jonjo Geraghty
Status: Director

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 65,026 24,686
Total fixed assets: 65,026 24,686
Current assets
Stocks: 4 35,000 30,000
Debtors: 5 236,253 65,579
Cash at bank and in hand: 274,253 31,650
Total current assets: 545,506 127,229
Prepayments and accrued income: 534 10,732
Creditors: amounts falling due within one year: 6 ( 309,004 ) ( 170,585 )
Net current assets (liabilities): 237,036 (32,624)
Total assets less current liabilities: 302,062 ( 7,938)
Creditors: amounts falling due after more than one year: 7 ( 208,276 ) ( 168,985 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 93,786 (176,923)
Capital and reserves
Called up share capital: 100 100
Share premium account: 150,000 0
Other reserves: 0 0
Profit and loss account: (56,314 ) (177,023 )
Total Shareholders' funds: 93,786 (176,923)

The notes form part of these financial statements

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 October 2024
and signed on behalf of the board by:

Name: Jonjo Geraghty
Status: Director

The notes form part of these financial statements

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,380 893 2,452 31,891 36,616
Additions 48,624 48,624
Disposals
Revaluations
Transfers
At 31 May 2024 50,004 893 2,452 31,891 85,240
Depreciation
At 1 June 2023 0 390 794 10,746 11,930
Charge for year 4,836 126 414 2,908 8,284
On disposals
Other adjustments
At 31 May 2024 4,836 516 1,208 13,654 20,214
Net book value
At 31 May 2024 45,168 377 1,244 18,237 65,026
At 31 May 2023 1,380 503 1,658 21,145 24,686

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Stocks

2024 2023
£ £
Stocks 35,000 30,000
Total 35,000 30,000

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 2023
£ £
Trade debtors 236,253 65,579
Total 236,253 65,579

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 4,550 8,829
Trade creditors 211,270 31,147
Taxation and social security 74,218 100,066
Accruals and deferred income 17,988 0
Other creditors 978 30,543
Total 309,004 170,585

IP (IN PHASE) ELECTRICAL ENGINEERS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 31,500
Other creditors 176,776 168,985
Total 208,276 168,985