Electrical Safety (UK) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05223853 (England and Wales)

Electrical Safety (UK) Limited

Unaudited Financial Statements For The Year Ended 31 August 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs R J Broadhead

A P Linley

Mrs S E Myers

T J Lowe

P Hopton

SECRETARY:

Mrs S E Myers

REGISTERED OFFICE:

The Old Grammar School

13 Moorgate Road

Rotherham

S60 2EN

REGISTERED NUMBER:

05223853 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

FIXED ASSETS

Intangible assets

4

21,424

-

Tangible assets

5

9,880

1,268

Investments

6

20

20

31,324

1,288

CURRENT ASSETS

Debtors

7

461,147

329,278

Cash at bank and in hand

233,549

179,905

694,696

509,183

CREDITORS

Amounts falling due within one year

8

606,145

205,752

NET CURRENT ASSETS

88,551

303,431

TOTAL ASSETS LESS CURRENT LIABILITIES

119,875

304,719

CREDITORS

Amounts falling due after more than one year

9

-

90,606

NET ASSETS

119,875

214,113

CAPITAL AND RESERVES

Called up share capital

55

55

Retained earnings

119,820

214,058

SHAREHOLDERS' FUNDS

119,875

214,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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 28 November 2022 and were signed on its behalf by:

Mrs R J Broadhead - Director

1.	STATUTORY INFORMATION

Electrical Safety (UK) Limited 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.

Turnover

Turnover represents the value of work done for which the company has earned the right to consideration in exchange for performance.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost and 15% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Grants

Grants received in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

32,136

At 31 August 2022

32,136

AMORTISATION

Charge for year

10,712

At 31 August 2022

10,712

NET BOOK VALUE

At 31 August 2022

21,424

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2021

37,564

Additions

13,152

At 31 August 2022

50,716

DEPRECIATION

At 1 September 2021

36,296

Charge for year

4,540

At 31 August 2022

40,836

NET BOOK VALUE

At 31 August 2022

9,880

At 31 August 2021

1,268

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2021

and 31 August 2022

15,000

PROVISIONS

At 1 September 2021

and 31 August 2022

14,980

NET BOOK VALUE

At 31 August 2022

20

At 31 August 2021

20

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

455,147

322,805

Other debtors

6,000

6,473

461,147

329,278

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other loans

-

23,636

Payments on account

395,803

17,225

Trade creditors

45,607

35,279

Amounts owed to group undertakings

20

20

Taxation

-

2,702

Social security and other taxes

146,194

124,070

Accrued expenses

18,521

2,820

606,145

205,752

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other loans - 1-2 years

-

23,636

Other loans - 2-5 years

-

66,970

-

90,606

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

-

17,503

11.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Other loans

-

114,242

The loan is secured by a fixed and floating charge on the company's assets.