Company Registration No. 10955019 (England and Wales)
Electrical & Safety Compliance Solutions Ltd.
Unaudited accounts
for the year ended 30 September 2024
Electrical & Safety Compliance Solutions Ltd.
Unaudited accounts
Contents
Electrical & Safety Compliance Solutions Ltd.
Company Information
for the year ended 30 September 2024
Directors
Michael Watton
Reanne Kimberly Watton
Company Number
10955019 (England and Wales)
Registered Office
22 Aldridge Road
Bournemouth
BH10 5NW
United Kingdom
Accountants
SH Accounting Solutions Ltd
Office 1, 319a Holdenhurst Road
Bournemouth
BH8 8BT
Electrical & Safety Compliance Solutions Ltd.
Accountants' report
Accountants' report to the board of directors of Electrical & Safety Compliance Solutions Ltd. (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 September 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 September 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
SH Accounting Solutions Ltd
Office 1, 319a Holdenhurst Road
Bournemouth
BH8 8BT
15 June 2025
Electrical & Safety Compliance Solutions Ltd.
Statement of financial position
as at 30 September 2024
Tangible assets
16,142
21,880
Cash at bank and in hand
2,842
7,043
Creditors: amounts falling due within one year
(10,439)
(8,847)
Net current assets
4,750
7,368
Total assets less current liabilities
20,892
29,248
Creditors: amounts falling due after more than one year
(20,854)
(29,114)
Called up share capital
2
2
Profit and loss account
36
132
Shareholders' funds
38
134
For the year ending 30 September 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 15 June 2025 and were signed on its behalf by
Michael Watton
Director
Company Registration No. 10955019
Electrical & Safety Compliance Solutions Ltd.
Notes to the Accounts
for the year ended 30 September 2024
Electrical & Safety Compliance Solutions Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10955019. The registered office is 22 Aldridge Road, Bournemouth, BH10 5NW, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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
Computer equipment
33% Straight Line Method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Electrical & Safety Compliance Solutions Ltd.
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
895
25,745
3,178
29,818
At 30 September 2024
895
25,745
3,178
29,818
At 1 October 2023
444
4,673
2,821
7,938
Charge for the year
113
5,268
357
5,738
At 30 September 2024
557
9,941
3,178
13,676
At 30 September 2024
338
15,804
-
16,142
At 30 September 2023
451
21,072
357
21,880
Amounts falling due within one year
Other debtors
12,347
9,172
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,986
5,986
Obligations under finance leases and hire purchase contracts
2,276
2,276
Taxes and social security
1,886
294
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
16,863
19,137
8
Transactions with related parties
During the year the company made the below related party transactions:
Directors
The directors took loans of £10,727 and repaid £7,612 during the year. At the year end the amount due to the company was £10,941 (2023 £7,826).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).