Company Registration No. 13305597 (England and Wales)
AC Electrical Contracting Limited
Unaudited accounts
for the year ended 31 March 2025
AC Electrical Contracting Limited
Unaudited accounts
Contents
AC Electrical Contracting Limited
Company Information
for the year ended 31 March 2025
Director
Matthew Douglas Cawte
Company Number
13305597 (England and Wales)
Registered Office
8 Tower Close
Rushden
Northamptonshire
NN10 0UY
England
Accountants
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
AC Electrical Contracting Limited
Accountants' report
Accountants' report to the director of AC Electrical Contracting Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
AC Electrical Contracting Limited for the year ended
31 March 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of AC Electrical Contracting Limited, as a body, in accordance with the terms of our engagement letter dated 31 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of AC Electrical Contracting Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AC Electrical Contracting Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AC Electrical Contracting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AC Electrical Contracting Limited. You consider that AC Electrical Contracting Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AC Electrical Contracting 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 accounts.
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
14 April 2025
AC Electrical Contracting Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
4,449
6,044
Creditors: amounts falling due within one year
(21,296)
(15,045)
Called up share capital
2
2
Profit and loss account
65
690
Shareholders' funds
67
692
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 April 2025 and were signed on its behalf by
Matthew Douglas Cawte
Director
Company Registration No. 13305597
AC Electrical Contracting Limited
Notes to the Accounts
for the year ended 31 March 2025
AC Electrical Contracting Limited is a private company, limited by shares, registered in England and Wales, registration number 13305597. The registered office is 8 Tower Close, Rushden, Northamptonshire, NN10 0UY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Amounts falling due within one year
Trade debtors
15,182
8,832
Accrued income and prepayments
863
-
AC Electrical Contracting Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
6,225
4,953
Taxes and social security
1,824
2,415
Deferred income
7,260
7,260
6
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
527
2,635
Later than one year and not later than five years
-
439
7
Transactions with related parties
During the year, the dividends of £8,725 (2024: £12,554) were paid to the Director.
8
Average number of employees
During the year the average number of employees was 2 (2024: 1).