Company Registration No. 09820714 (England and Wales)
Eastern Electrical Ltd
Unaudited accounts
for the year ended 31 October 2024
Eastern Electrical Ltd
Unaudited accounts
Contents
Eastern Electrical Ltd
Company Information
for the year ended 31 October 2024
Directors
Mr. Mark Ramsey
Mr. Peter Phillip Fleetwood
Company Number
09820714 (England and Wales)
Registered Office
Together Accounting Limited
17-19 St. George's Street
Norwich
Norfolk
NR3 1AB
England
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Eastern Electrical Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
7,151
4,662
Cash at bank and in hand
44,857
44,036
Creditors: amounts falling due within one year
(67,510)
(59,501)
Net current assets
80,130
110,839
Total assets less current liabilities
87,281
115,501
Creditors: amounts falling due after more than one year
(11,926)
(21,432)
Provisions for liabilities
Called up share capital
3
2
Profit and loss account
73,993
93,181
Shareholders' funds
73,996
93,183
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by
Mr. Peter Phillip Fleetwood
Director
Company Registration No. 09820714
Eastern Electrical Ltd
Notes to the Accounts
for the year ended 31 October 2024
Eastern Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 09820714. The registered office is Together Accounting Limited, 17-19 St. George's Street, Norwich, Norfolk, NR3 1AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing Balance Method
Motor vehicles
25% - Reducing Balance Method
Fixtures & fittings
25% - Reducing Balance Method
Computer equipment
33% - Straight Line Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Eastern Electrical Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
1,200
31,682
378
3,168
36,428
Additions
-
4,333
-
-
4,333
At 31 October 2024
1,200
36,015
378
3,168
40,761
At 1 November 2023
1,080
27,452
328
2,906
31,766
Charge for the year
30
1,689
13
112
1,844
At 31 October 2024
1,110
29,141
341
3,018
33,610
At 31 October 2024
90
6,874
37
150
7,151
At 31 October 2023
120
4,230
50
262
4,662
Amounts falling due within one year
Trade debtors
13,628
24,776
Accrued income and prepayments
2,097
365
Other debtors
86,348
100,159
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,574
11,068
Trade creditors
15,285
13,288
Taxes and social security
26,636
23,430
Other creditors
7,920
6,720
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
2
Shares issued during the period:
1 Ordinary shares of £1 each
1
Eastern Electrical Ltd
Notes to the Accounts
for the year ended 31 October 2024
The directors owed the company £79,572 as at the year end. Interest has been charged at a rate of 2.5%. This balance is reflected in other debtors.
The Company is controlled by the Directors who own 100% of the Called up Share Capital.
11
Average number of employees
During the year the average number of employees was 6 (2023: 6).