REGISTERED NUMBER: 10172830 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

EFT Electrical Installations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Duggan

A Watts

D D Hall

REGISTERED OFFICE:

Cobden House

39a Cobden Road

Southport

Merseyside

PR9 7TR

REGISTERED NUMBER:

10172830 (England and Wales)

AUDITORS:

Haines Watts Liverpool Limited

Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

4

4,389

-

CURRENT ASSETS

Stocks

84,599

8,444

Debtors

5

536,727

440,027

Cash at bank

49,296

72,784

670,622

521,255

CREDITORS

Amounts falling due within one year

6

535,541

400,192

NET CURRENT ASSETS

135,081

121,063

TOTAL ASSETS LESS CURRENT LIABILITIES

139,470

121,063

CAPITAL AND RESERVES

Called up share capital

116

116

Retained earnings

7

139,354

120,947

139,470

121,063

139,470

121,063

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:

A Watts - Director

1.	STATUTORY INFORMATION

EFT Electrical Installations 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the significant risks and rewards of ownership have been transferred to the buyer, the amount of revenue can be measured reliably and it is probable that economic benefits will flow to the entity.

Revenue from rendering services is measured using the completion method. Stage of completion is determined by reviewing the proportion that costs incurred for work performed to date bear to the estimated total costs. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayment.

Tangible fixed assets

Items over a value of £500 are capitalised. Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 33% reducing balance

Stocks

Revenue from rendering services is measured using the completion method. Stage of completion is determined by reviewing the proportion that costs incurred for work performed to date bear to the estimated total costs. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayment.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial instruments" and Section 12 "Other Financial Issues" of FRS 102 to all of it's financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Recognition of financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Taxation

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

4,784

At 31 December 2024

4,784

DEPRECIATION

Charge for year

395

At 31 December 2024

395

NET BOOK VALUE

At 31 December 2024

4,389

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

147,708

154,044

Amounts owed by group undertakings

167,774

150,401

Other debtors

221,245

135,582

536,727

440,027

Amounts owed by group undertakings are interest free and due on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

160,458

190,571

Amounts owed to group undertakings

49,651

11,364

Taxation and social security

73,859

50,080

Other creditors

251,573

148,177

535,541

400,192

Amounts owed to group undertakings are interest free and due on demand.

7.

RESERVES

Retained

earnings

£

At 1 January 2024

120,947

Profit for the year

60,407

Dividends

(42,000

)

At 31 December 2024

139,354

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Forshaw FCA (Senior Statutory Auditor)

for and on behalf of Haines Watts Liverpool Limited

9.	RELATED PARTY DISCLOSURES

At the year ended 31 December 2024 the following amounts were outstanding to related parties:

31.12.24

31.12.23

Debtors

EFT Systems Limited- Trade debtor

6,400

6,555

EFT Construction Limited- Trade debtors

212,096

186,170

EFT Group Limited- Trade debtors

4,332

-

Creditors

EFT Systems Limited- Trade creditor

43,340

17,919

EFT Construction Limited- Trade creditor

44,322

35,768

EFT Group Limited- Trade creditor

17,042

-

During the year EFT Systems Limited, EFT Group Limited, EFT Construction Limited and EFT Electrical Installations Limited traded the following amounts with each other:

2024

2023

Sales

281,533

1,177,853

Purchases

281,533

1,177,853

10.	ULTIMATE CONTROLLING PARTY

The Company's parent company is EFT Group Limited, registered in England and Wales, Cobden House, 39a Cobden Road, Southport, United Kingdom, PR9 7TR.The ultimate controlling party is Mr A Watts by virtue of his majority shareholding.

EFT Group Limited is the smallest and largest company for which consolidated accounts including EFT Construction Limited are prepared. The consolidated accounts of EFT Group Limited are available to the public from its registered office.