Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31true2023-04-01falseelectrical engineering services33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01037768 2023-04-01 2024-03-31 01037768 2022-04-01 2023-03-31 01037768 2024-03-31 01037768 2023-03-31 01037768 c:Director1 2023-04-01 2024-03-31 01037768 d:PlantMachinery 2023-04-01 2024-03-31 01037768 d:PlantMachinery 2024-03-31 01037768 d:PlantMachinery 2023-03-31 01037768 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01037768 d:MotorVehicles 2023-04-01 2024-03-31 01037768 d:MotorVehicles 2024-03-31 01037768 d:MotorVehicles 2023-03-31 01037768 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01037768 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01037768 d:CurrentFinancialInstruments 2024-03-31 01037768 d:CurrentFinancialInstruments 2023-03-31 01037768 d:Non-currentFinancialInstruments 2024-03-31 01037768 d:Non-currentFinancialInstruments 2023-03-31 01037768 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01037768 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01037768 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01037768 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01037768 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 01037768 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 01037768 d:ShareCapital 2024-03-31 01037768 d:ShareCapital 2023-03-31 01037768 d:CapitalRedemptionReserve 2024-03-31 01037768 d:CapitalRedemptionReserve 2023-03-31 01037768 d:RetainedEarningsAccumulatedLosses 2024-03-31 01037768 d:RetainedEarningsAccumulatedLosses 2023-03-31 01037768 c:FRS102 2023-04-01 2024-03-31 01037768 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01037768 c:FullAccounts 2023-04-01 2024-03-31 01037768 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01037768 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 01037768 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 01037768 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 01037768 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 01037768 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 01037768










KIRBY ELECTRICAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KIRBY ELECTRICAL LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFKIRBY ELECTRICAL LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kirby Electrical Limited for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Kirby Electrical Limited, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Kirby Electrical Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kirby Electrical Limited and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Kirby Electrical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Kirby Electrical Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Kirby Electrical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





Shipleys Tax Planning

27 March 2025
Page 1

 
KIRBY ELECTRICAL LIMITED
REGISTERED NUMBER: 01037768

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
36,360
1,244

  
36,360
1,244

Current assets
  

Stocks
  
26,000
26,000

Debtors: amounts falling due within one year
 4 
317,139
217,866

Cash at bank and in hand
 5 
15,500
4,000

  
358,639
247,866

Creditors: amounts falling due within one year
 6 
(135,821)
(63,670)

Net current assets
  
 
 
222,818
 
 
184,196

Total assets less current liabilities
  
259,178
185,440

Creditors: amounts falling due after more than one year
 7 
(38,233)
(34,039)

  

Net assets
  
220,945
151,401


Capital and reserves
  

Called up share capital 
  
6,000
6,000

Capital redemption reserve
  
50
50

Profit and loss account
  
214,895
145,351

  
220,945
151,401


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 27 March 2025.

Page 2

 
KIRBY ELECTRICAL LIMITED
REGISTERED NUMBER: 01037768

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024




Mark Silcock
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
KIRBY ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Kirby Electrical Limited is a company domiciled in England & Wales, registration number 01037768. The registered office is 210 White Lane, Sheffield, S12 3GL.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 4

 
KIRBY ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

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.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
KIRBY ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 6

 
KIRBY ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
9,950
-
9,950


Additions
-
41,679
41,679



At 31 March 2024

9,950
41,679
51,629



Depreciation


At 1 April 2023
8,706
-
8,706


Charge for the year on owned assets
311
6,252
6,563



At 31 March 2024

9,017
6,252
15,269



Net book value



At 31 March 2024
933
35,427
36,360



At 31 March 2023
1,244
-
1,244


4.


Debtors

2024
2023
£
£


Trade debtors
100,549
91,206

Other debtors
216,590
126,660

317,139
217,866



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,500
4,000

Less: bank overdrafts
(65,454)
(23,106)

(49,954)
(19,106)


Page 7

 
KIRBY ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
65,454
23,106

Trade creditors
2,203
19,647

Corporation tax
16,265
4,791

Other taxation and social security
28,343
11,921

Obligations under finance lease and hire purchase contracts
15,407
-

Other creditors
3,755
811

Accruals and deferred income
4,394
3,394

135,821
63,670



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,119
34,039

Net obligations under finance leases and hire purchase contracts
14,114
-

38,233
34,039


In 2021 the company received the Government Bounce Back Loan from HSBC of £50,000. The loan was interest free for 12 months, after which interest is charged at 2.5% per annum. The loan is repayable to HSBC after a period of 3 years (2023: 4 years).


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
24,119
34,039

24,119
34,039

24,119
34,039


Page 8

 
KIRBY ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
15,407
-

Between 1-5 years
14,114
-

29,521
-


10.


Related party transactions

During the year the company loaned Kirby Security (UK) Ltd (a company which is 100% owned by the director Mark Silcock) £104,631. At the balance sheet date other debtors included £215,624 (2023: £110,993) as amounts owed by Kirby Security (UK) Ltd.
During the year the company paid £9,600 
(2023: £9,200) to Pegasus Investments & Asset Management Ltd (a company which is 100% owned by the director Mark Silcock) for rent.
During the year the company paid £9,000 
(2023: £11,250) to Pegasus Investments & Asset Management Ltd for vehicle leasing services.


11.


Controlling party

The company is controlled by the director Mark Silcock.


Page 9