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REGISTERED NUMBER: 05551770 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ANGLIA SAFETY ELECTRICAL & TESTING LTD

ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGLIA SAFETY ELECTRICAL & TESTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr I B Rivett
Mrs L J Rivett





REGISTERED OFFICE: Unit 19D
Alston Road
Hellesdon Park Industrial Estate
Norwich
Norfolk
NR6 5DS





REGISTERED NUMBER: 05551770 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 283,957 304,314
283,957 304,314

CURRENT ASSETS
Stocks 29,500 32,000
Debtors 6 617,770 603,321
Cash at bank 206,259 184,457
853,529 819,778
CREDITORS
Amounts falling due within one year 7 327,011 348,739
NET CURRENT ASSETS 526,518 471,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

810,475

775,353

CREDITORS
Amounts falling due after more than one
year

8

(70,756

)

(89,332

)

PROVISIONS FOR LIABILITIES (45,272 ) (49,725 )
NET ASSETS 694,447 636,296

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 694,437 636,286
SHAREHOLDERS' FUNDS 694,447 636,296

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr I B Rivett - Director


ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Anglia Safety Electrical & Testing Ltd 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.

Going concern

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

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:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twelve years.

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.

ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Tools and equipment - 25% reducing balance
Freehold property - 2% on cost
Motor vehicles - 15% reducing balance
Office equipment - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

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.


ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 150,000
AMORTISATION
At 1 October 2023
and 30 September 2024 150,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Freehold Tools & Motor Office
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 127,314 9,670 292,561 21,333 450,878
Additions - - 42,586 999 43,585
Disposals - - (56,931 ) - (56,931 )
At 30 September 2024 127,314 9,670 278,216 22,332 437,532
DEPRECIATION
At 1 October 2023 21,899 9,288 97,852 17,525 146,564
Charge for year 2,546 95 31,269 1,202 35,112
Eliminated on disposal - - (28,101 ) - (28,101 )
At 30 September 2024 24,445 9,383 101,020 18,727 153,575
NET BOOK VALUE
At 30 September 2024 102,869 287 177,196 3,605 283,957
At 30 September 2023 105,415 382 194,709 3,808 304,314

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 170,910
Additions 19,716
Disposals (33,208 )
At 30 September 2024 157,418
DEPRECIATION
At 1 October 2023 42,824
Charge for year 19,570
Eliminated on disposal (15,873 )
At 30 September 2024 46,521
NET BOOK VALUE
At 30 September 2024 110,897
At 30 September 2023 128,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 495,165 469,796
Other debtors 122,605 133,525
617,770 603,321

ANGLIA SAFETY ELECTRICAL & TESTING LTD (REGISTERED NUMBER: 05551770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,400 2,400
Hire purchase contracts 14,907 20,534
Trade creditors 236,850 262,562
Taxation and social security 69,154 59,743
Other creditors 3,700 3,500
327,011 348,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,554 37,232
Hire purchase contracts 41,202 52,100
70,756 89,332

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,954 27,632

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 31,954 39,632
Hire purchase contracts 56,109 72,634
88,063 112,266

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr I B Rivett
Balance outstanding at start of year 14,853 -
Amounts advanced 13,154 14,853
Amounts repaid (14,853 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,154 14,853

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I B Rivett.