BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Technical testing and analysis 10 January 2025 NI642054 2024-09-30 NI642054 2023-09-30 NI642054 2022-09-30 NI642054 2023-10-01 2024-09-30 NI642054 2022-10-01 2023-09-30 NI642054 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI642054 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI642054 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI642054 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI642054 uk-bus:Director1 2023-10-01 2024-09-30 NI642054 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI642054 uk-bus:Agent1 2023-10-01 2024-09-30 NI642054 uk-core:ShareCapital 2024-09-30 NI642054 uk-core:ShareCapital 2023-09-30 NI642054 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI642054 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI642054 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI642054 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI642054 uk-bus:FRS102 2023-10-01 2024-09-30 NI642054 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI642054 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI642054 uk-core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 NI642054 uk-core:CostValuation 2024-09-30 NI642054 uk-core:CurrentFinancialInstruments 2024-09-30 NI642054 uk-core:CurrentFinancialInstruments 2023-09-30 NI642054 uk-core:CurrentFinancialInstruments 2024-09-30 NI642054 uk-core:CurrentFinancialInstruments 2023-09-30 NI642054 uk-core:WithinOneYear 2024-09-30 NI642054 uk-core:WithinOneYear 2023-09-30 NI642054 uk-core:WithinOneYear 2024-09-30 NI642054 uk-core:WithinOneYear 2023-09-30 NI642054 uk-core:AfterOneYear 2024-09-30 NI642054 uk-core:AfterOneYear 2023-09-30 NI642054 uk-core:BetweenOneTwoYears 2024-09-30 NI642054 uk-core:BetweenOneTwoYears 2023-09-30 NI642054 2023-10-01 2024-09-30 NI642054 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI642054
 
 
EL Contracts Ltd
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 30 September 2024
EL Contracts Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Mr Eamon Lynch
 
 
Company Registration Number NI642054
 
 
Registered Office and Business Address 10 Acres Road
Magheralin
BT67 0RL
 
 
Accountants Muldoon
16 Mount Charles
Belfast
BT7 1NZ
Northern Ireland
 
 
Bankers Santander
  1/3 Wellington Place
  Belfast
  Northern Ireland
  BT1 6GA



EL Contracts Ltd
DIRECTOR'S REPORT
for the financial year ended 30 September 2024

 
The director presents their report and the unaudited financial statements for the financial year ended 30 September 2024.
 
Principal Activity
Technical testing and analysis
     
Director
The director who served during the financial year is as follows:
     
Mr Eamon Lynch
   
There were no changes in shareholdings between 30 September 2024 and the date of signing the financial statements.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Mr Eamon Lynch
Director
     
10 January 2025



EL Contracts Ltd
Company Registration Number: NI642054
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 11,033 13,851
Investments 5 2 2
───────── ─────────
Fixed Assets 11,035 13,853
───────── ─────────
 
Current Assets
Debtors 6 23,370 51,040
Cash and cash equivalents 347 -
───────── ─────────
23,717 51,040
───────── ─────────
Creditors: amounts falling due within one year 7 (30,035) (57,653)
───────── ─────────
Net Current Liabilities (6,318) (6,613)
───────── ─────────
Total Assets less Current Liabilities 4,717 7,240
 
Creditors:
amounts falling due after more than one year 8 (4,647) (5,689)
───────── ─────────
Net Assets 70 1,551
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 69 1,550
───────── ─────────
Equity attributable to owners of the company 70 1,551
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 10 January 2025
           
           
________________________________          
Mr Eamon Lynch          
Director          
           



EL Contracts Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
EL Contracts Ltd is a company limited by shares incorporated in Northern Ireland. 10 Acres Road, Magheralin, BT67 0RL is the registered office, which is also the principal place of business of the company . The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing balance
  Computer Equipment - 15% Straight line
  Office Equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Director 1 1
Employees 1 1
  ───────── ─────────
  2 2
  ═════════ ═════════
           
4. Tangible assets
  Plant and Computer Office Total
  machinery Equipment Equipment  
         
  £ £ £ £
Cost
At 1 October 2023 13,114 5,694 4,180 22,988
  ───────── ───────── ───────── ─────────
 
At 30 September 2024 13,114 5,694 4,180 22,988
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 6,434 2,076 627 9,137
Charge for the financial year 1,336 854 628 2,818
  ───────── ───────── ───────── ─────────
At 30 September 2024 7,770 2,930 1,255 11,955
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 5,344 2,764 2,925 11,033
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 6,680 3,618 3,553 13,851
  ═════════ ═════════ ═════════ ═════════
       
5. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 30 September 2024 2 2
  ───────── ─────────
Net book value
At 30 September 2024 2 2
  ═════════ ═════════
At 30 September 2023 2 2
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 5,117 36,787
Amounts owed by group undertakings 1,253 14,253
Prepayments and accrued income 17,000 -
  ───────── ─────────
  23,370 51,040
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts - 261
Bank loan 3,635 3,635
Trade creditors 2,705 2,173
Amounts owed to connected parties (Note 10) 89 89
Taxation  (Note 9) 11,567 21,864
Director's current account 11,408 29,044
Other creditors (277) (321)
Accruals 908 908
  ───────── ─────────
  30,035 57,653
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 4,647 5,689
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 3,635 3,896
Repayable between one and two years 4,647 5,689
  ───────── ─────────
  8,282 9,585
  ═════════ ═════════
 
       
9. Taxation 2024 2023
  £ £
 
Creditors:
VAT 2,652 8,954
Corporation tax 8,522 12,281
PAYE / NI 393 629
  ───────── ─────────
  11,567 21,864
  ═════════ ═════════
           
10. Related party transactions
 
The company holds a 50% shareholding in 360 Energy (N.I.) Limited (formerly MC2 Consultants Ltd) and Twiin Digital Ltd acquired for consideration of £1. MC2 Consultants Ltd holds 100% shareholding in NVNI Limited:

During the year, the company received loans of £13,000 from 360 Energy (N.I.) Limited (formerly MC2 Consultants Ltd). At the year end, the balance due to 360 Energy (N.I.) Limited was £14,747 (2023: £1,747 owed from 360 Energy (N.I) Limited).

During the year, there was no movement to or from Twiin Digital Ltd. At the year end, the balance due from Twiin Digital Ltd was £16,000 (2023: £16,000).
 
The following amounts are due to other connected parties:
      2024 2023
      £ £
 
NVNI Ltd     89 89
      ═════════ ═════════