ELECTRICAL AND DATA SYSTEMS LTD 31/03/2023 iXBRL
ELECTRICAL AND DATA SYSTEMS LTD 31/03/2023 iXBRL
Company registration number:
NI037963
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Unit A2, Workspace | ||
5 Tobermore Road | ||
Draperstown | ||
BT45 7AG | ||
Bankers |
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13 Main Street | ||
Maghera | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of ELECTRICAL AND DATA SYSTEMS LTD
Year ended 31 March 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Unit A2, Workspace
5 Tobermore Road
Draperstown
BT45 7AG
22 December 2023
Statement of financial position
31 March 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital | 9 |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2023
, and are signed on behalf of the board by:
Director
Company registration number:
NI037963
Statement of changes in equity
Year ended 31 March 2023
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2021 |
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(Loss)/profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 March 2022 and 1 April 2022 |
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(Loss)/profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 March 2023 |
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Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Electrical and Data Systems Ltd, 153 Sixtowns Road, Draperstown, Co Derry, BT45 7BG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2022:
15
).
5.
Tangible assets
Freehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 April 2022 |
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Additions | - | - |
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Disposals |
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At 31 March 2023 |
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Depreciation | ||||||
At 1 April 2022 | - |
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Charge for the year | - |
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Disposals | - | - |
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At 31 March 2023 | - |
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Carrying amount | ||||||
At 31 March 2023 |
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At 31 March 2022 |
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497,165 | |
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6.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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8.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Other creditors |
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9.
Called up share capital
Issued, called up and fully paid
2023 | 2022 | ||||||||
No | £ | No | £ | ||||||
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100 | 2 | 100 | 2 | |||||
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10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2023 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2022 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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