Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-02-03falseelectrical installation2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14639149 2023-02-02 14639149 2023-02-03 2024-03-31 14639149 2022-02-03 2023-02-02 14639149 2024-03-31 14639149 c:Director1 2023-02-03 2024-03-31 14639149 c:Director2 2023-02-03 2024-03-31 14639149 d:PlantMachinery 2023-02-03 2024-03-31 14639149 d:PlantMachinery 2024-03-31 14639149 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-03 2024-03-31 14639149 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-02-03 2024-03-31 14639149 d:MotorVehicles 2023-02-03 2024-03-31 14639149 d:MotorVehicles 2024-03-31 14639149 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-03 2024-03-31 14639149 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-03 2024-03-31 14639149 d:OfficeEquipment 2023-02-03 2024-03-31 14639149 d:OfficeEquipment 2024-03-31 14639149 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-03 2024-03-31 14639149 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-02-03 2024-03-31 14639149 d:OwnedOrFreeholdAssets 2023-02-03 2024-03-31 14639149 d:LeasedAssetsHeldAsLessee 2023-02-03 2024-03-31 14639149 d:CurrentFinancialInstruments 2024-03-31 14639149 d:Non-currentFinancialInstruments 2024-03-31 14639149 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14639149 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14639149 d:ShareCapital 2023-02-03 2024-03-31 14639149 d:ShareCapital 2024-03-31 14639149 d:RetainedEarningsAccumulatedLosses 2023-02-03 2024-03-31 14639149 d:RetainedEarningsAccumulatedLosses 2024-03-31 14639149 c:OrdinaryShareClass1 2023-02-03 2024-03-31 14639149 c:OrdinaryShareClass1 2024-03-31 14639149 c:OrdinaryShareClass2 2023-02-03 2024-03-31 14639149 c:OrdinaryShareClass2 2024-03-31 14639149 c:OrdinaryShareClass3 2023-02-03 2024-03-31 14639149 c:OrdinaryShareClass3 2024-03-31 14639149 c:FRS102 2023-02-03 2024-03-31 14639149 c:AuditExemptWithAccountantsReport 2023-02-03 2024-03-31 14639149 c:FullAccounts 2023-02-03 2024-03-31 14639149 c:PrivateLimitedCompanyLtd 2023-02-03 2024-03-31 14639149 e:PoundSterling 2023-02-03 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14639149









KC ELECTRICAL SERVICES NORTH NORFOLK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD FROM 3 FEBRUARY 2023 TO 31 MARCH 2024

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KC ELECTRICAL SERVICES NORTH NORFOLK LTD
FOR THE PERIOD FROM 3 FEBRUARY 2023 TO 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KC Electrical Services North Norfolk Ltd for the period ended 31 March 2024 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of directors of KC Electrical Services North Norfolk Ltd, as a body, in accordance with the terms of our engagement letter dated 20 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of KC Electrical Services North Norfolk Ltd and state those matters that we have agreed to state to the Board of directors of KC Electrical Services North Norfolk Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KC Electrical Services North Norfolk Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that KC Electrical Services North Norfolk Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KC Electrical Services North Norfolk Ltd. You consider that KC Electrical Services North Norfolk Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of KC Electrical Services North Norfolk Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
31 October 2024
Page 1

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
REGISTERED NUMBER: 14639149

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
19,960

  
19,960

Current assets
  

Stocks
  
3,967

Debtors: amounts falling due within one year
 5 
10,249

Cash at bank and in hand
  
34,263

  
48,479

Creditors: amounts falling due within one year
 6 
(36,078)

Net current assets
  
 
 
12,401

Total assets less current liabilities
  
32,361

Creditors: amounts falling due after more than one year
 7 
(11,954)

Provisions for liabilities
  

Deferred tax
  
(4,192)

  
 
 
(4,192)

Net assets
  
16,215


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
16,115

  
16,215


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
Page 2

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
REGISTERED NUMBER: 14639149
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2024.




K Cooper
M Cox
Director
Director

The notes on pages 5 to 9 form part of these financial statements.
Page 3

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
52,115
52,115


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
52,115
52,115


Contributions by and distributions to owners

Dividends: Equity capital
-
(36,000)
(36,000)

Shares issued during the period
100
-
100


Total transactions with owners
100
(36,000)
(35,900)


At 31 March 2024
100
16,115
16,215

The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

EThe company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Carousel Sandpit Lane, Thorpe Market, Norwich, England, NR11 8TJ. 
The company's principal activity is that of electrical installations. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover and other income

Turnover comprises of revenue recognised by the company in respect of electrical installations. Turnover is measured as the fair value of the consideration received net of VAT and recognised on an accruals basis. 
Interest income is recognised using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

The company operates a defined contribution plan for the benefit of its employees. Contributions are expenses as they become payable. 

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not 
reversed by the balance sheet date. 
Current and deferred tax is determined using tax rates and laws that have been enacted or 
substantively enacted by the balance sheet date.

Page 5

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
15%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into financial instrument transactions that result in 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 and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable wihtin one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2. 


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
2,630
27,968
353
30,951


Disposals
-
(7,394)
-
(7,394)



At 31 March 2024

2,630
20,574
353
23,557



Depreciation


Charge for the period on owned assets
395
865
88
1,348


Charge for the period on financed assets
-
2,249
-
2,249



At 31 March 2024

395
3,114
88
3,597



Net book value



At 31 March 2024
2,235
17,460
265
19,960

Page 7

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

2024
£


Trade debtors
5,496

Other debtors
4,518

Prepayments and accrued income
235

10,249



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,772

Corporation tax
8,574

Other taxation and social security
2,688

Obligations under finance lease and hire purchase contracts
2,834

Other creditors
16,710

Accruals and deferred income
1,500

36,078



7.


Creditors: Amounts falling due after more than one year

2024
£

Net obligations under finance leases and hire purchase contracts
11,954

11,954


Page 8

 
KC ELECTRICAL SERVICES NORTH NORFOLK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Share capital

2024
£
Allotted, called up and fully paid


40 Ordinary A shares of £1.00 each
40
40 Ordinary B shares of £1.00 each
40
20 Ordinary C shares of £1.00 each
20

100





9.


Pension commitments

Contributions totalling £79 were payable to the fund at the balance sheet date and are included in creditors. 


10.


Related party transactions

As at 31 March 2024, the balance of the directors' loan accounts were £16,631 owing to the directors, as included within other creditors note 6 and is repayable on demand. 
During the year, the company made payments on behalf of the directors, totalling £38,970, and the directors advanced the company £55,657. Interest of £95 was charged by the company in respect of overdrawn balances. Interest was charged at 2% before 5 April 2023 and 2.25% thereafter. 

 
Page 9