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REGISTERED NUMBER: 09480386 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

All Electrical Training Ltd

All Electrical Training Ltd (Registered number: 09480386)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


All Electrical Training Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: CC Harris





REGISTERED OFFICE: Harris House
Elizabeth Way
The Pinnacles
Harlow
Essex
CM19 5AN





REGISTERED NUMBER: 09480386 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

All Electrical Training Ltd (Registered number: 09480386)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,885 40,123

CURRENT ASSETS
Debtors 5 85,576 137,703
Cash at bank 265,232 281,077
350,808 418,780
CREDITORS
Amounts falling due within one year 6 95,277 96,636
NET CURRENT ASSETS 255,531 322,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,416

362,267

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 7 309,315 362,166
SHAREHOLDERS' FUNDS 309,416 362,267

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 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.

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 23 May 2024 and were signed by:





CC Harris - Director


All Electrical Training Ltd (Registered number: 09480386)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

All Electrical Training Ltd 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 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 - 25% on reducing balance
Computer equipment - 25% on 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

All Electrical Training Ltd (Registered number: 09480386)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 36,956 - 33,766 70,722
Additions 919 26,281 5,659 32,859
Disposals - - (5,583 ) (5,583 )
At 31 March 2024 37,875 26,281 33,842 97,998
DEPRECIATION
At 1 April 2023 11,020 - 19,579 30,599
Charge for year 6,714 6,570 4,945 18,229
Eliminated on disposal - - (4,715 ) (4,715 )
At 31 March 2024 17,734 6,570 19,809 44,113
NET BOOK VALUE
At 31 March 2024 20,141 19,711 14,033 53,885
At 31 March 2023 25,936 - 14,187 40,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 85,120 137,703
VAT 456 -
85,576 137,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 37,997 26,401
Amounts owed to participating interests 14,750 14,750
Tax 25,765 13,340
Social security and other taxes 6,499 16,969
Other creditors 8,535 351
Directors' current accounts 281 375
Accrued expenses 1,450 24,450
95,277 96,636

7. RESERVES
Retained
earnings
£   

At 1 April 2023 362,166
Profit for the year 71,149
Dividends (124,000 )
At 31 March 2024 309,315

All Electrical Training Ltd (Registered number: 09480386)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
CC Harris
Balance outstanding at start of year (374 ) 18,284
Amounts advanced (100,661 ) (26,348 )
Amounts repaid 100,754 7,690
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (281 ) (374 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £70,500 (2023 - £3,750) were paid to the director .

Along with many company's of similar size and nature it operates a directors loan account to facilitate some of the its financial transactions, the movements in the account are summarised above.