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REGISTERED NUMBER: 07004855 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

THE ELECTRICAL REPAIR CO. LIMITED

THE ELECTRICAL REPAIR CO. LIMITED (REGISTERED NUMBER: 07004855)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ELECTRICAL REPAIR CO. LIMITED

Company Information
for the year ended 31 August 2024







Director: Mr D E Campbell





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07004855 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

THE ELECTRICAL REPAIR CO. LIMITED (REGISTERED NUMBER: 07004855)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 626 -
626 -

Current assets
Stocks 6,000 7,000
Debtors 6 18,634 18,369
Cash at bank and in hand 6,434 1,347
31,068 26,716
Creditors
Amounts falling due within one year 7 14,041 22,747
Net current assets 17,027 3,969
Total assets less current liabilities 17,653 3,969

Capital and reserves
Called up share capital 8 2 2
Retained earnings 17,651 3,967
Shareholders' funds 17,653 3,969

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mr D E Campbell - Director


THE ELECTRICAL REPAIR CO. LIMITED (REGISTERED NUMBER: 07004855)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

The Electrical Repair Co. 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.

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.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Stocks and work in progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

THE ELECTRICAL REPAIR CO. LIMITED (REGISTERED NUMBER: 07004855)

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 3 (2023 - 3 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023
and 31 August 2024 10,000
Amortisation
At 1 September 2023
and 31 August 2024 10,000
Net book value
At 31 August 2024 -
At 31 August 2023 -

5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 1 September 2023 3,000 - 3,000
Additions - 935 935
At 31 August 2024 3,000 935 3,935
Depreciation
At 1 September 2023 3,000 - 3,000
Charge for year - 309 309
At 31 August 2024 3,000 309 3,309
Net book value
At 31 August 2024 - 626 626
At 31 August 2023 - - -

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 10,861 18,369
Other debtors 7,773 -
18,634 18,369

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,237 7,038
Taxation and social security 10,781 9,120
Other creditors 2,023 6,589
14,041 22,747

THE ELECTRICAL REPAIR CO. LIMITED (REGISTERED NUMBER: 07004855)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

9. Director's advances, credits and guarantees

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

2024 2023
£ £
Mr D E Campbell
Balance outstanding at start of year (4,580 ) (9,397 )
Amounts advanced 18,614 15,904
Amounts repaid (6,845 ) (11,087 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,189 (4,580 )