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REGISTERED NUMBER: 06473536 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Experienced Installations Limited

Experienced Installations Limited (Registered number: 06473536)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Experienced Installations Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R J Lancaster



SECRETARY: R J Lancaster



REGISTERED OFFICE: Unit 1
241A Idle Road
Bradford
West Yorkshire
BD2 4JN



REGISTERED NUMBER: 06473536 (England and Wales)



ACCOUNTANTS: Thornhill Accountancy Services
Chartered Accountants
88 Thornhill Street
Calverley
Leeds
LS28 5PD



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
Scotland
EH11 3XP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Experienced Installations Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Experienced Installations Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Experienced Installations Limited in accordance with the terms of our engagement letter dated 29 November 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Experienced Installations Limited and state those matters that we have agreed to state to the director of Experienced Installations Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Experienced Installations Limited and its director for our work or for this report.

It is your duty to ensure that Experienced Installations Limited 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 Experienced Installations Limited. You consider that Experienced Installations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Experienced Installations Limited. 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.






Thornhill Accountancy Services
Chartered Accountants
88 Thornhill Street
Calverley
Leeds
LS28 5PD


3 October 2024

Experienced Installations Limited (Registered number: 06473536)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,980 9,501

CURRENT ASSETS
Debtors 5 44,088 38,207
Cash at bank and in hand 59,680 59,615
103,768 97,822
CREDITORS
Amounts falling due within one year 6 28,195 12,831
NET CURRENT ASSETS 75,573 84,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,553

94,492

CREDITORS
Amounts falling due after more than one
year

7

(10,081

)

-

PROVISIONS FOR LIABILITIES (8,342 ) -
NET ASSETS 142,130 94,492

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 141,130 93,492
SHAREHOLDERS' FUNDS 142,130 94,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Experienced Installations Limited (Registered number: 06473536)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





R J Lancaster - Director


Experienced Installations Limited (Registered number: 06473536)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Experienced Installations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of the assets, less their estimated residual value, over their estimated useful lives on the following basis:

Equipment 25% reducing balance
Computer equipment 35% reducing balance
Other office equipment 25% reducing balance
Motor vehicles 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Experienced Installations Limited (Registered number: 06473536)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Office Motor
Equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 March 2023 3,583 1,790 69,717 75,090
Additions 242 284 86,101 86,627
Disposals (2,835 ) (1,348 ) (13,179 ) (17,362 )
At 29 February 2024 990 726 142,639 144,355
DEPRECIATION
At 1 March 2023 3,102 1,361 61,126 65,589
Charge for year 110 153 9,755 10,018
Eliminated on disposal (2,551 ) (1,072 ) (12,609 ) (16,232 )
At 29 February 2024 661 442 58,272 59,375
NET BOOK VALUE
At 29 February 2024 329 284 84,367 84,980
At 28 February 2023 481 429 8,591 9,501

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
Additions 35,709
At 29 February 2024 35,709
DEPRECIATION
Charge for year 5,208
At 29 February 2024 5,208
NET BOOK VALUE
At 29 February 2024 30,501

Experienced Installations Limited (Registered number: 06473536)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 21,192 27,342
Other debtors 22,896 10,865
44,088 38,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts and finance leases 6,827 -
Trade creditors 6,561 1,726
Taxation and social security 2,802 3,220
Other creditors 12,005 7,885
28,195 12,831

Of the creditors falling due within and after more than one year, the net obligations under hire purchase and finance lease contracts totalling £16,908 (2023 - £Nil) are secured.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts and finance leases 10,081 -

8. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 29 February 2024 of £4,120 (2023 - £2,480).

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £2,500) were paid to the director .