2023-04-01 04419111 2024-03-31 04419111 2023-04-01 2024-03-31 04419111 2023-03-31 04419111 2022-04-01 2023-03-31 04419111 uk-core:WithinOneYear 2023-03-31 04419111 uk-core:WithinOneYear 2024-03-31 04419111 uk-core:AfterOneYear 2023-03-31 04419111 uk-core:AfterOneYear 2024-03-31 04419111 uk-core:ShareCapital 2024-03-31 04419111 uk-core:ShareCapital 2023-03-31 04419111 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04419111 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04419111 uk-bus:Director1 2023-04-01 2024-03-31 04419111 uk-core:PlantMachinery 2023-04-01 2024-03-31 04419111 uk-core:ToolsEquipment 2023-04-01 2024-03-31 04419111 uk-core:MotorVehicles 2023-04-01 2024-03-31 04419111 uk-core:FurnitureFittings 2023-04-01 2024-03-31 04419111 uk-core:ToolsEquipment 2023-03-31 04419111 uk-core:FurnitureFittings 2023-03-31 04419111 uk-core:MotorVehicles 2023-03-31 04419111 uk-core:PlantMachinery 2023-03-31 04419111 uk-core:MotorVehicles 2024-03-31 04419111 uk-core:FurnitureFittings 2024-03-31 04419111 uk-core:ToolsEquipment 2024-03-31 04419111 uk-core:PlantMachinery 2024-03-31 04419111 uk-core:WithinOneYear 2024-03-31 04419111 uk-core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure 04419111 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04419111 uk-bus:FRS102 2023-04-01 2024-03-31 04419111 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04419111 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Island Electrical Engineering Limited
Registered Number:04419111
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Island Electrical Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04419111
As at 31 March 2024
Island Electrical Engineering Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
7,795
10,398
2
7,795
10,398
Current assets
Inventories
14,000
14,000
3
Trade and other receivables
17,645
11,405
4
4,607
Cash and cash equivalents
-
25,405
36,252
Trade and other payables: amounts falling due within one year
(21,405)
(40,345)
5
14,847
(14,940)
Net current liabilities
Total assets less current liabilities
(7,145)
25,245
Trade and other payables: amounts falling due after more than one
year
(21,667)
(11,667)
(18,812)
Net assets/liabilities
3,578
Capital and reserves
Called up share capital
2
2
Retained earnings
(18,814)
3,576
(18,812)
3,578
Shareholders' funds
For the year ended 31 March 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Christopher John Williams Director
These financial statements were approved and authorised for issue by the Board on 13 January 2025 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
Island Electrical Engineering Limited
Notes to the Financial Statements
Statutory Information
Island Electrical Engineering Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04419111.
Registered address:
54 Park Road
Meols
Wirral
CH47 7BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
10% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 March 2024
Island Electrical Engineering Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or valuation
At 01 April 2023
44,375
8,323
6,325
27,400
2,327
At 31 March 2024
27,400
6,325
8,323
44,375
2,327
Provision for depreciation and impairment
At 01 April 2023
33,977
8,013
4,878
18,886
2,200
Charge for year
2,603
310
145
2,129
19
At 31 March 2024
36,580
8,323
5,023
21,015
2,219
At 31 March 2024
Net book value
108
6,385
1,302
-
7,795
At 31 March 2023
127
8,514
1,447
310
10,398
3. Inventories
2023
2024
£
£
Stocks
14,000
14,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
5,000
4,800
Other debtors
6,405
12,845
17,645
11,405
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
29,565
10,000
Trade creditors
1,499
1,697
Taxation and social security
3,602
4,850
Other creditors
5,679
4,858
40,345
21,405
6. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
3 of 4
6
For the year ended 31 March 2024
Island Electrical Engineering Limited
Notes to the Financial Statements Continued
4 of 4