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Registered number: 09410978









ELECTROPLAN CONTRACTING (UK) LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ELECTROPLAN CONTRACTING (UK) LIMITED
REGISTERED NUMBER: 09410978

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 7 
300
300

Investment property
 4 
549,999
549,999

  
550,299
550,299

Current assets
  

Debtors: amounts falling due within one year
 5 
2,280
164,007

Cash at bank and in hand
 6 
693,827
432,480

  
696,107
596,487

Creditors: amounts falling due within one year
 8 
(86,192)
(7,332)

Net current assets
  
 
 
609,915
 
 
589,155

Total assets less current liabilities
  
1,160,214
1,139,454

Provisions for liabilities
  

Deferred tax
 9 
(20,590)
(20,590)

Net assets
  
1,139,624
1,118,864


Capital and reserves
  

Called up share capital 
 10 
300
300

Non-distributable reserves
 11 
87,780
87,780

Profit and loss account
 11 
1,051,544
1,030,784

  
1,139,624
1,118,864


Page 1

 
ELECTROPLAN CONTRACTING (UK) LIMITED
REGISTERED NUMBER: 09410978
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




H J Kelly
Director

Page 2

 
ELECTROPLAN CONTRACTING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Electroplan Contracting (UK) Limited is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The principal place of business is Mansard House, The Street, Galleywood, Chelmsford, CM2 8QL. The principal activity of the company was that of a holding company of a trading subsidiary and holder of investment properties for rental within the group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ELECTROPLAN CONTRACTING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
ELECTROPLAN CONTRACTING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 -3).

Page 5

 
ELECTROPLAN CONTRACTING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
549,999



At 30 September 2024
549,999


Comprising


Cost
441,629

Annual revaluation surplus/(deficit):


2018
108,370

At 30 September 2024
549,999

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
161,727

Prepayments and accrued income
2,280
2,280

2,280
164,007



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
693,827
432,480


Page 6

 
ELECTROPLAN CONTRACTING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
300



At 30 September 2024
300





8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
78,742
-

Corporation tax
4,933
4,890

Other taxation and social security
917
917

Accruals and deferred income
1,600
1,525

86,192
7,332



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(20,590)
(20,590)



At end of year
(20,590)
(20,590)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Investment property revaluation
(20,590)
(20,590)

Page 7

 
ELECTROPLAN CONTRACTING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



190 (2023 -190) Ordinary A shares of £1.00 each
190
190
95 (2023 -95) Ordinary B shares of £1.00 each
95
95
15 (2023 -15) Ordinary C shares of £1.00 each
15
15

300

300


Ordinary A shares, ordinary B shares and ordinary C shares will rank pari passu with the exception of dividend rights which will be independent for each class of share.


11.


Reserves

Non-distributable reserves

Non-distributable reserves relating to the unrealised gain or loss on the fair value adjustment of investment properties. Deferred tax has been provided on the revaluation of investment properties.

Profit and loss account

Includes all current and prior period retained profits and losses.


12.


Related party transactions

As Electroplan Contracting (UK) Limited is the 100% owner of the share capital in it's subsidiary companies it has availed itself of the exemption under FRS102 paragraph 33.1A from disclosing transactions with group companies. Group accounts have not been prepared as the group qualifies as small. 

 
Page 8