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REGISTERED NUMBER: 12543205 (England and Wales)















Electrified Automation Limited

Unaudited Financial Statements for the Year Ended 31 December 2021






Electrified Automation Limited (Registered number: 12543205)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Electrified Automation Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: L C Ash
J T Winchester



REGISTERED OFFICE: Unit 4 Beech Business Park
Bristol Road
Bridgwater
Somerset
TA6 4FF



REGISTERED NUMBER: 12543205 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
47 North Street
Taunton
Somerset
TA1 1NB

Electrified Automation Limited (Registered number: 12543205)

Abridged Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 118,842 99,842

CURRENT ASSETS
Debtors 63,356 54,664
Cash at bank 860,116 52,384
923,472 107,048
CREDITORS
Amounts falling due within one year 1,271,370 286,184
NET CURRENT LIABILITIES (347,898 ) (179,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(229,056

)

(79,294

)

PROVISIONS FOR LIABILITIES 6 22,580 18,970
NET LIABILITIES (251,636 ) (98,264 )

CAPITAL AND RESERVES
Called up share capital 7 98 1
Retained earnings (251,734 ) (98,265 )
SHAREHOLDERS' FUNDS 10 (251,636 ) (98,264 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Electrified Automation Limited (Registered number: 12543205)

Abridged Statement of Financial Position - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by:





L C Ash - Director


Electrified Automation Limited (Registered number: 12543205)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Electrified Automation 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company directors.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Electrified Automation Limited (Registered number: 12543205)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 5 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 118,078
Additions 52,003
At 31 December 2021 170,081
DEPRECIATION
At 1 January 2021 18,236
Charge for year 33,003
At 31 December 2021 51,239
NET BOOK VALUE
At 31 December 2021 118,842
At 31 December 2020 99,842

6. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 22,580 18,970

Deferred
tax
£   
Balance at 1 January 2021 18,970
Provided during year 3,610
Balance at 31 December 2021 22,580

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
NIL 'A' Ordinary £1 - 1
981,900 A Ordinary 0.000 1 98 -
98 1

The following shares were issued during the year for cash at par :

971,900 A Ordinary shares of 0.0001

During the year the 'A' Ordinary shares nominal value was split from a £1 'A' Ordinary share to 10000 £0.0001 'A' Ordinary shares.

Electrified Automation Limited (Registered number: 12543205)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. RELATED PARTY DISCLOSURES

The company paid Full Circle Developments Ltd, a company 100% owned by L C Ash, rent of £13,292 during the year (2020; Nil).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L C Ash.

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.12.21 31.12.20
£    £   
Loss for the financial year (153,469 ) (98,265 )
New share capital subscribed 97 1
Net reduction of shareholders' funds (153,372 ) (98,264 )
Opening shareholders' funds (98,264 ) -
Closing shareholders' funds (251,636 ) (98,264 )