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REGISTERED NUMBER: 04977687 (England and Wales)












East-tec Electrical Services Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024






East-tec Electrical Services Limited (Registered number: 04977687)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


East-tec Electrical Services Limited

Company Information
for the Year Ended 30 November 2024







Directors: P M Flynn
D Flynn



Secretary: P M Flynn



Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ



Registered number: 04977687 (England and Wales)



Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ



Bankers: Royal Bank of Scotland
118 - 120 Market Street
Droylsden
Manchester
M34 7AA

East-tec Electrical Services Limited (Registered number: 04977687)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 19,127 10,585
19,127 10,585

Current assets
Stocks 171,635 57,838
Debtors 6 117,611 138,802
Cash at bank 975,898 162,306
1,265,144 358,946
Creditors
Amounts falling due within one year 7 701,882 261,012
Net current assets 563,262 97,934
Total assets less current liabilities 582,389 108,519

Creditors
Amounts falling due after more than one
year

8

(4,921

)

(14,990

)

Provisions for liabilities (4,178 ) (1,481 )
Net assets 573,290 92,048

East-tec Electrical Services Limited (Registered number: 04977687)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
Capital and reserves
Called up share capital 9 4 4
Capital redemption reserve 2 2
Retained earnings 573,284 92,042
Shareholders' funds 573,290 92,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





P M Flynn - Director


East-tec Electrical Services Limited (Registered number: 04977687)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. Statutory information

East-tec 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.

Leasehold property - 20% on reducing balance
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance
Motor Vehicles - 25% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


East-tec Electrical Services Limited (Registered number: 04977687)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 December 2023
and 30 November 2024 2,000
Amortisation
At 1 December 2023
and 30 November 2024 2,000
Net book value
At 30 November 2024 -
At 30 November 2023 -

East-tec Electrical Services Limited (Registered number: 04977687)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. Tangible fixed assets
Leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 December 2023 12,728 13,840 - 10,893 37,461
Additions - - 10,500 2,589 13,089
At 30 November 2024 12,728 13,840 10,500 13,482 50,550
Depreciation
At 1 December 2023 9,834 10,238 - 6,804 26,876
Charge for year 479 442 2,625 1,001 4,547
At 30 November 2024 10,313 10,680 2,625 7,805 31,423
Net book value
At 30 November 2024 2,415 3,160 7,875 5,677 19,127
At 30 November 2023 2,894 3,602 - 4,089 10,585

6. Debtors: amounts falling due within one year
30.11.24 30.11.23
£    £   
Trade debtors 24,010 114,577
Other debtors - 256
CIS tax recoverable 3,270 -
VAT 85,148 23,969
Prepayments 5,183 -
117,611 138,802

7. Creditors: amounts falling due within one year
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 492,857 88,165
Corporation tax 172,399 60,187
Social security and other taxes - 26,129
Other creditors 945 -
Company Credit Cards 3,719 3,370
Pension control 993 1,182
Directors' current accounts 15,877 67,132
Accrued expenses 4,444 4,199
701,882 261,012

East-tec Electrical Services Limited (Registered number: 04977687)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. Creditors: amounts falling due after more than one year
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 4,921 10,648
Bank loans - 2-5 years - 4,342
4,921 14,990

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
4 Ordinary £1 4 4