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Registered number: 02817104
East Electrical Services Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Davey Grover Ltd
Chartered Accountants
4 Fenice Court
Phoenix Business Park
St. Neots
Cambridgeshire
PE19 8EP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 02817104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,157 47,521
84,157 47,521
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 1,323,449 666,930
Cash at bank and in hand 746,304 93,696
2,074,753 765,626
Creditors: Amounts Falling Due Within One Year 7 (773,087 ) (243,530 )
NET CURRENT ASSETS (LIABILITIES) 1,301,666 522,096
TOTAL ASSETS LESS CURRENT LIABILITIES 1,385,823 569,617
Creditors: Amounts Falling Due After More Than One Year 8 (26,789 ) (12,453 )
NET ASSETS 1,359,034 557,164
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 1,358,934 557,064
SHAREHOLDERS' FUNDS 1,359,034 557,164
Page 1
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For the year ending 30 November 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 Income Statement.
On behalf of the board
Mr B J Faulkner
Director
3 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
East Electrical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02817104 . The registered office is 4 Fenice Court, Phoenix Business Park, St. Neots, Cambridgeshire, PE19 8EP.
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 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
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 income statement 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 income statement 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 9)
11 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 12,632 81,348 7,698 35,908 137,586
Additions - 53,361 - 3,136 56,497
As at 30 November 2024 12,632 134,709 7,698 39,044 194,083
Depreciation
As at 1 December 2023 10,163 42,108 5,942 31,852 90,065
Provided during the period 370 18,419 264 808 19,861
As at 30 November 2024 10,533 60,527 6,206 32,660 109,926
Net Book Value
As at 30 November 2024 2,099 74,182 1,492 6,384 84,157
As at 1 December 2023 2,469 39,240 1,756 4,056 47,521
5. Stocks
2024 2023
£ £
Stock 5,000 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 755,539 159,328
Amounts recoverable on contracts 452,032 440,782
Prepayments and accrued income 2,847 6,969
VAT 113,031 59,851
1,323,449 666,930
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,047 5,233
Trade creditors 635,154 158,757
Other taxes and social security 50,687 18,260
Other creditors 2,032 1,375
Accruals and deferred income 71,167 35,593
Directors' loan accounts - 24,312
773,087 243,530
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,789 12,453
26,789 12,453
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,047 5,233
Later than one year and not later than five years 26,789 12,453
40,836 17,686
40,836 17,686
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is East Electrical Contractors Limited which is incorporated in England & Wales. The ultimate controlling party is Mr S East and Mr J East who control 100% of the shares of East Electrical Contractors Limited .
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