General Information
A1 Electrics@Work Limited is a private company, limited by shares, domiciled in England and Wales, registration number 09051708. The company's registered office is at Unit 28 City Business Centre, Lower Road, London SE16 2XB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Reducing Balance
|
| Computer Equipment |
25% Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
The average number of employees was 2 (2017: 2).
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
6,211 |
|
10,000 |
|
282 |
|
16,493 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
6,211 |
|
10,000 |
|
282 |
|
16,493 |
| Depreciation |
| At 01 April 2024 |
5,944 |
|
1,551 |
|
282 |
|
7,777 |
| Charge for year |
- |
|
2,500 |
|
- |
|
2,500 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
5,944 |
|
4,051 |
|
282 |
|
10,277 |
| Net book values |
| Closing balance as at 31 March 2025 |
267 |
|
5,949 |
|
- |
|
6,216 |
| Opening balance as at 01 April 2024 |
267 |
|
8,449 |
|
- |
|
8,716 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Work in Progress |
- |
|
27,000 |
|
- |
|
27,000 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
- |
|
7,235 |
| Prepayments & Accrued Income |
150 |
|
150 |
| Corporation Tax |
- |
|
2 |
| VAT |
4,376 |
|
4,470 |
|
4,526 |
|
11,857 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
(295) |
|
5,949 |
| Corporation Tax |
10,155 |
|
- |
| PAYE & Social Security |
276 |
|
276 |
| Accrued Expenses |
1,600 |
|
1,600 |
| Wages & Salaries Control Account |
805 |
|
1,005 |
| Directors' Current Accounts |
468 |
|
1,960 |
|
13,009 |
|
10,790 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Pension Provisions |
960 |
|
960 |
|
960 |
|
960 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
3
|