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Registered number: 09079109
Electrical Design Installations Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
MAC Accounting (Norfolk) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09079109
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 406,966 254,415
406,966 254,415
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 1,280,305 790,639
Cash at bank and in hand 1,184,446 750,709
2,469,751 1,546,348
Creditors: Amounts Falling Due Within One Year 7 (1,620,026 ) (777,372 )
NET CURRENT ASSETS (LIABILITIES) 849,725 768,976
TOTAL ASSETS LESS CURRENT LIABILITIES 1,256,691 1,023,391
Creditors: Amounts Falling Due After More Than One Year 8 (109,103 ) (62,489 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (61,973 ) (58,045 )
NET ASSETS 1,085,615 902,857
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Profit and Loss Account 1,075,615 892,857
SHAREHOLDERS' FUNDS 1,085,615 902,857
Page 1
Page 2
For the year ending 30 June 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 Jonathon Bunting
Director
25/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Electrical Design Installations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09079109 . The registered office is 3 Acer Court Acer Road, Saddlebow, King's Lynn, PE34 3HN.
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.
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:
Freehold Held at cost
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 20% 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 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.
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.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 28 (2023: 30)
28 30
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 10,000 187,298 186,987 932 385,217
Additions 1,867 3,200 214,522 1,324 220,913
As at 30 June 2024 11,867 190,498 401,509 2,256 606,130
Depreciation
As at 1 July 2023 - 40,213 90,403 186 130,802
Provided during the period - 30,056 38,100 206 68,362
As at 30 June 2024 - 70,269 128,503 392 199,164
Net Book Value
As at 30 June 2024 11,867 120,229 273,006 1,864 406,966
As at 1 July 2023 10,000 147,085 96,584 746 254,415
5. Stocks
2024 2023
£ £
Materials 5,000 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,101,633 619,128
Prepayments and accrued income 10,027 57,523
Other taxes and social security 168,645 113,988
1,280,305 790,639
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,126 11,694
Trade creditors 808,641 387,180
Bank loans and overdrafts 38,113 62,297
Corporation tax 245,449 220,215
VAT 97,076 92,973
Nest Pension - 970
Accruals and deferred income 395,335 526
Directors' loan accounts 286 1,517
1,620,026 777,372
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 99,898 15,185
Bank loans 9,205 47,304
109,103 62,489
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,126 11,694
Later than one year and not later than five years 99,898 15,185
135,024 26,879
135,024 26,879
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
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