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Registered number: 10324327
Electrification Construction Services Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10324327
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,221,467 956,468
1,221,467 956,468
CURRENT ASSETS
Stocks 12,500 125,346
Debtors 5 1,302,111 1,799,236
Cash at bank and in hand 58,024 35,260
1,372,635 1,959,842
Creditors: Amounts Falling Due Within One Year 6 (1,234,557 ) (2,224,820 )
NET CURRENT ASSETS (LIABILITIES) 138,078 (264,978 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,359,545 691,490
Creditors: Amounts Falling Due After More Than One Year 7 (624,970 ) (351,917 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (290,445 ) (165,170 )
NET ASSETS 444,130 174,403
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 197,090 170,012
Profit and Loss Account 246,940 4,291
SHAREHOLDERS' FUNDS 444,130 174,403
Page 1
Page 2
For the year ending 31 August 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 S Williams
Director
17 February 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
Electrification Construction Services Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from rail and construction services is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
Interest receivable
Interest income is recognised using the effective interest rate method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on cost and 15% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment Straight line over 3 years
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation, less any accumulated depreciation and accumulated impairment losses. 
The companies fixed assets were revalued in 2024 by the directors to ensure the assets are stated in accordance with their market value.
Increases in the carrying amount arising on revaluation are recognised in other comprehensive income and shown as revaluation reserve in shareholders' funds. Decreases that offset previous increases of the same asset are first charged in other comprehensive income to the extent of the remaining surplus attributable to that asset; all other decreases are charged to the profit and loss. 
2.4. Leasing and Hire Purchase Contracts
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. 
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.  
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2.6. 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.
2.7. Pensions
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.
2.8. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.9. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 32)
20 32
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 September 2023 1,160,832 606,207 13,642 22,669 1,803,350
Additions 493,006 99,339 978 - 593,323
Disposals (210,156 ) (90,612 ) (1,960 ) - (302,728 )
Revaluation 39,967 - - - 39,967
As at 31 August 2024 1,483,649 614,934 12,660 22,669 2,133,912
Depreciation
As at 1 September 2023 586,526 234,278 7,952 18,126 846,882
Provided during the period 71,093 90,359 2,193 3,482 167,127
Disposals (50,657 ) (50,417 ) (490 ) - (101,564 )
As at 31 August 2024 606,962 274,220 9,655 21,608 912,445
Net Book Value
As at 31 August 2024 876,687 340,714 3,005 1,061 1,221,467
As at 1 September 2023 574,306 371,929 5,690 4,543 956,468
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Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 191,083 288,231
Motor Vehicles 221,735 270,212
412,818 558,443
Cost or valuation as at 31 August 2024 represented by:
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
At cost 1,346,615 540,896 12,660 22,669 1,922,840
At valuation 137,034 74,038 - - 211,072
1,483,649 614,934 12,660 22,669 2,133,912
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 890,888 1,552,849
Prepayments and accrued income 215,844 239,763
Other debtors 186,234 6,624
Directors' loan accounts 9,145 -
1,302,111 1,799,236
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 146,874 195,853
Trade creditors 199,234 470,952
Bank loans and overdrafts 8,806 57,533
Corporation tax 65,339 -
Other taxes and social security 11,388 704,391
VAT 440,557 319,781
Other creditors 358,009 449,824
Accruals and deferred income 4,350 4,833
Directors' loan accounts - 21,653
1,234,557 2,224,820
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 615,527 332,615
Bank loans 9,443 19,302
624,970 351,917
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 762,401 528,468
Other Creditors 312,318 416,503
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £25,327 (2023: £20,842).
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Shane Williams - 4,780 - - 4,780
Mr Charles McLauchlan - 4,365 - - 4,365
The above loan is provided interest free and repayable on demand.
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