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REGISTERED NUMBER: 06649280 (England and Wales)















INSTALL ELECTRICAL CONTRACTORS LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






INSTALL ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 06649280)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSTALL ELECTRICAL CONTRACTORS LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S McQuaker
P M Thomas





REGISTERED OFFICE: Unit 1 Fairway Court
Amber Close
Tamworth
Staffordshire
B77 4RP





REGISTERED NUMBER: 06649280 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

INSTALL ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 06649280)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 205,745 87,362

CURRENT ASSETS
Stocks - 94,000
Debtors 5 2,306,009 1,429,254
Cash at bank and in hand 529,131 214,378
2,835,140 1,737,632
CREDITORS
Amounts falling due within one year 6 1,916,779 1,130,136
NET CURRENT ASSETS 918,361 607,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,124,106

694,858

CREDITORS
Amounts falling due after more than one year 7 91,295 100,000
NET ASSETS 1,032,811 594,858

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,032,711 594,758
SHAREHOLDERS' FUNDS 1,032,811 594,858

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 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.

INSTALL ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 06649280)

Balance Sheet - continued
31 August 2024


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 21 May 2025 and were signed on its behalf by:





S McQuaker - Director


INSTALL ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 06649280)

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

1. STATUTORY INFORMATION

Install Electrical Contractors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

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.

INSTALL ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 06649280)

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 18 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Tools & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 September 2023 23,785 287,052 310,837
Additions 981 236,270 237,251
Disposals - (158,920 ) (158,920 )
At 31 August 2024 24,766 364,402 389,168
DEPRECIATION
At 1 September 2023 19,913 203,562 223,475
Charge for year 1,215 67,370 68,585
Eliminated on disposal - (108,637 ) (108,637 )
At 31 August 2024 21,128 162,295 183,423
NET BOOK VALUE
At 31 August 2024 3,638 202,107 205,745
At 31 August 2023 3,872 83,490 87,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,878,415 717,226
Other debtors 422,532 542,295
Directors' current accounts 5,062 39,884
Prepayments - 129,849
2,306,009 1,429,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts (see note 8) 38,118 -
Trade creditors 1,289,111 784,037
Taxation and social security 189,073 140,843
Other creditors 350,477 155,256
1,916,779 1,130,136

INSTALL ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 06649280)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 50,000 100,000
Hire purchase contracts (see note 8) 41,295 -
91,295 100,000

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 38,118 -
Between one and five years 41,295 -
79,413 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 12,856 7,398
Between one and five years 12,856 11,713
25,712 19,111

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
P M Thomas
Balance outstanding at start of year 11,078 62,911
Amounts advanced 2,252 11,078
Amounts repaid (11,078 ) (62,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,252 11,078

INSTALL ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 06649280)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S McQuaker
Balance outstanding at start of year 28,806 64,653
Amounts advanced 2,810 28,806
Amounts repaid (28,806 ) (64,653 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,810 28,806

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.