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REGISTERED NUMBER: 06995673 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

All Phase Electrical Services Limited

All Phase Electrical Services Limited (Registered number: 06995673)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

All Phase Electrical Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T Race





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 06995673 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

All Phase Electrical Services Limited (Registered number: 06995673)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 156,177 173,796

CURRENT ASSETS
Stocks 5 47,503 20,263
Debtors 6 81,823 104,390
Cash at bank 54,861 6,453
184,187 131,106
CREDITORS
Amounts falling due within one year 7 239,786 140,185
NET CURRENT LIABILITIES (55,599 ) (9,079 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,578 164,717

CREDITORS
Amounts falling due after more than one year 8 (44,168 ) (59,538 )

PROVISIONS FOR LIABILITIES (28,544 ) (37,697 )
NET ASSETS 27,866 67,482

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 27,856 67,472
SHAREHOLDERS' FUNDS 27,866 67,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:



T Race - Director


All Phase Electrical Services Limited (Registered number: 06995673)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

All Phase Electrical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

Turnover
Turnover is measured at 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 the installation of electricals is recognised when all work has been completed and invoiced.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant & machinery - 20% on cost
Fixtures & fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

All Phase Electrical Services Limited (Registered number: 06995673)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 68,536 5,705 197,879 10,834 282,954
Additions 20,176 8,420 - - 28,596
At 31 August 2024 88,712 14,125 197,879 10,834 311,550
DEPRECIATION
At 1 September 2023 27,262 3,954 70,232 7,710 109,158
Charge for year 13,129 1,892 29,213 1,981 46,215
At 31 August 2024 40,391 5,846 99,445 9,691 155,373
NET BOOK VALUE
At 31 August 2024 48,321 8,279 98,434 1,143 156,177
At 31 August 2023 41,274 1,751 127,647 3,124 173,796

5. STOCKS
31.8.24 31.8.23
£    £   
Stock & work in progress 47,503 20,263

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 74,672 99,239
Other debtors 1,615 1,375
VAT - 405
Prepayments 5,536 3,371
81,823 104,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,371 3,596
Trade creditors 16,075 36,378
Tax - 3,246
Social security and other taxes 1,896 2,099
VAT 17,199 -
Other creditors 20,449 33,307
Directors' current accounts 166,064 49,589
Accrued expenses 2,732 1,970
239,786 140,185

All Phase Electrical Services Limited (Registered number: 06995673)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-5 years 7,500 17,500
Hire purchase contracts 36,668 42,038
44,168 59,538

9. RELATED PARTY DISCLOSURES

The amount outstanding at the year end due to Mr T Race is £166,064 (2023 - £49,589).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
All Phase Electrical Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of All Phase Electrical Services Limited for the year ended 31 August 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of All Phase Electrical Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of All Phase Electrical Services Limited and state those matters that we have agreed to state to the director of All Phase Electrical Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than All Phase Electrical Services Limited and its director for our work or for this report.

It is your duty to ensure that All Phase Electrical Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of All Phase Electrical Services Limited. You consider that All Phase Electrical Services 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 financial statements of All Phase Electrical Services 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.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


22 April 2025