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Registered number: 12606435
Electric City Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
The Bureau Accounting Ltd
Incorporated Financial Accountants
23 Kemsley Close
Greenhithe
DA9 9LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12606435
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,971 41,948
23,971 41,948
CURRENT ASSETS
Stocks 5 - 12,500
Debtors 6 121,966 83,737
Cash at bank and in hand 127,798 66,919
249,764 163,156
Creditors: Amounts Falling Due Within One Year 7 (139,164 ) (91,644 )
NET CURRENT ASSETS (LIABILITIES) 110,600 71,512
TOTAL ASSETS LESS CURRENT LIABILITIES 134,571 113,460
Creditors: Amounts Falling Due After More Than One Year 8 (25,810 ) (40,854 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,483 ) (4,658 )
NET ASSETS 106,278 67,948
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 106,276 67,946
SHAREHOLDERS' FUNDS 106,278 67,948
Page 1
Page 2
For the year ending 30 April 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Houckham
Director
28th January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Electric City Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12606435 . The registered office is Bizniz Point Dartford Ltd Crown House, Home Gardens, Dartford, Kent, DA1 1DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 505 66,125 1,129 4,155 71,914
As at 30 April 2024 505 66,125 1,129 4,155 71,914
Depreciation
As at 1 May 2023 263 26,630 539 2,534 29,966
Provided during the period 126 16,531 282 1,038 17,977
As at 30 April 2024 389 43,161 821 3,572 47,943
...CONTINUED
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Page 5
Net Book Value
As at 30 April 2024 116 22,964 308 583 23,971
As at 1 May 2023 242 39,495 590 1,621 41,948
5. Stocks
2024 2023
£ £
Stock - 12,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 88,208 53,624
Other debtors CIS 8,399 11,073
O/D DL Interest 398 -
VAT 7,831 19,040
Directors' loan accounts 17,130 -
121,966 83,737
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,022 7,261
Trade creditors 49,039 44,813
Bank loans and overdrafts 7,524 2,784
Corporation tax 62,406 23,892
Other taxes and social security 2,923 -
Accruals 3,250 2,250
Directors' loan accounts - 10,644
139,164 91,644
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,810 40,854
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,633 7,261
Later than one year and not later than five years 26,369 40,854
42,002 48,115
Less: Finance charges allocated to future periods 2,170 -
39,832 48,115
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Daniel Houckham - 32,962 24,397 - 8,565
Mr Ricky Shaxted - 8,565 - - 8,565
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr D Houckham 30,000 12,000
Mr R Shaxted 30,000 12,000
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