Company Registration No. SC722913 (Scotland)
ARCHER DEAN ELECTRICAL CONTRACTORS LTD
Unaudited accounts
for the year ended 29 February 2024
ARCHER DEAN ELECTRICAL CONTRACTORS LTD
Unaudited accounts
Contents
ARCHER DEAN ELECTRICAL CONTRACTORS LTD
Company Information
for the year ended 29 February 2024
Directors
Craig Archer
James Dean
Company Number
SC722913 (Scotland)
Registered Office
33 NEWMARKET STREET
AYR
KA7 1LL
SCOTLAND
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
ARCHER DEAN ELECTRICAL CONTRACTORS LTD
Statement of financial position
as at 29 February 2024
Tangible assets
75,294
51,126
Cash at bank and in hand
264,390
107,061
Creditors: amounts falling due within one year
(217,196)
(167,034)
Net current assets
363,007
42,851
Total assets less current liabilities
438,301
93,977
Creditors: amounts falling due after more than one year
(68,648)
(81,929)
Called up share capital
100
100
Profit and loss account
369,553
11,948
Shareholders' funds
369,653
12,048
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Craig Archer
Director
Company Registration No. SC722913
ARCHER DEAN ELECTRICAL CONTRACTORS LTD
Notes to the Accounts
for the year ended 29 February 2024
ARCHER DEAN ELECTRICAL CONTRACTORS LTD is a private company, limited by shares, registered in Scotland, registration number SC722913. The registered office is 33 NEWMARKET STREET, AYR, KA7 1LL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing balance charged at 25%
Fixtures & fittings
Reducing balance charged at 25%
Computer equipment
Reducing balance charged at 20%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
63,507
500
767
64,774
Additions
37,000
-
-
37,000
At 29 February 2024
100,507
500
767
101,774
At 1 March 2023
12,593
450
605
13,648
Charge for the year
12,780
12
40
12,832
At 29 February 2024
25,373
462
645
26,480
At 29 February 2024
75,134
38
122
75,294
At 28 February 2023
50,914
50
162
51,126
ARCHER DEAN ELECTRICAL CONTRACTORS LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
42,039
28,435
Other debtors
264,390
67,757
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
134,651
94,068
Loans from directors
81,345
72,006
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,990
44,271
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).