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REGISTERED NUMBER: 05938357 (England and Wales)
























ELECTRO TECH INSTALLATIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ELECTRO TECH INSTALLATIONS LIMITED (REGISTERED NUMBER: 05938357)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ELECTRO TECH INSTALLATIONS LIMITED (REGISTERED NUMBER: 05938357)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,980 71,312

CURRENT ASSETS
Stocks 1,760 1,760
Debtors 5 388,229 449,144
Cash at bank and in hand 368,022 270,219
758,011 721,123
CREDITORS
Amounts falling due within one year 6 136,057 202,758
NET CURRENT ASSETS 621,954 518,365
TOTAL ASSETS LESS CURRENT LIABILITIES 677,934 589,677

CREDITORS
Amounts falling due after more than one
year

7

-

(8,000

)

PROVISIONS FOR LIABILITIES (9,716 ) (13,550 )
NET ASSETS 668,218 568,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 668,118 568,027
668,218 568,127

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

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

ELECTRO TECH INSTALLATIONS LIMITED (REGISTERED NUMBER: 05938357)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





M Porch - Director


ELECTRO TECH INSTALLATIONS LIMITED (REGISTERED NUMBER: 05938357)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Electro Tech Installations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05938357

Registered office: Unit 3 Peerglow Centre
Marsh Lane
Ware
Hertfordshire
SG12 9QL

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 - Straight line over 5 years
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

ELECTRO TECH INSTALLATIONS LIMITED (REGISTERED NUMBER: 05938357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 22,350 217,399 239,749
Additions 3,328 - 3,328
Disposals - (18,886 ) (18,886 )
At 31 March 2024 25,678 198,513 224,191
DEPRECIATION
At 1 April 2023 22,349 146,088 168,437
Charge for year 832 17,828 18,660
Eliminated on disposal - (18,886 ) (18,886 )
At 31 March 2024 23,181 145,030 168,211
NET BOOK VALUE
At 31 March 2024 2,497 53,483 55,980
At 31 March 2023 1 71,311 71,312

ELECTRO TECH INSTALLATIONS LIMITED (REGISTERED NUMBER: 05938357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 388,229 433,257
Other debtors - 15,887
388,229 449,144

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,000 11,674
Trade creditors 15,719 68,534
Taxation and social security 112,035 82,174
Other creditors 303 40,376
136,057 202,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 8,000

8. RELATED PARTY DISCLOSURES

During the year, the directors Mr M Porch and Mr J Porch loaned the company money with no set repayment date or interest chargeable. The amount outstanding to the directors as at the year end was £303 (2023: £40,376).

9. ULTIMATE CONTROLLING PARTY

During the year, directors M Porch and J Porch controlled the company by virtue of a controlling interest of 76% of the issued ordinary share capital.