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REGISTERED NUMBER: 10440870 (England and Wales)














Unaudited Financial Statements

for the Period 30 October 2021 to 28 October 2022

for

Electra Property Services Ltd

Electra Property Services Ltd (Registered number: 10440870)






Contents of the Financial Statements
for the Period 30 October 2021 to 28 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electra Property Services Ltd

Company Information
for the Period 30 October 2021 to 28 October 2022







DIRECTOR: Mr D Bruce





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 10440870 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Electra Property Services Ltd (Registered number: 10440870)

Balance Sheet
28 October 2022

28.10.22 29.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,585 33,841

CURRENT ASSETS
Stocks 16,000 21,000
Debtors 5 70,631 -
Cash at bank and in hand 7,065 1,095
93,696 22,095
CREDITORS
Amounts falling due within one year 6 88,663 29,470
NET CURRENT ASSETS/(LIABILITIES) 5,033 (7,375 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,618 26,466

CREDITORS
Amounts falling due after more than one year 7 45,446 49,629
NET LIABILITIES (14,828 ) (23,163 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (14,838 ) (23,173 )
SHAREHOLDERS' FUNDS (14,828 ) (23,163 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Electra Property Services Ltd (Registered number: 10440870)

Balance Sheet - continued
28 October 2022


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 director and authorised for issue on 20 October 2023 and were signed by:





Mr D Bruce - Director


Electra Property Services Ltd (Registered number: 10440870)

Notes to the Financial Statements
for the Period 30 October 2021 to 28 October 2022

1. STATUTORY INFORMATION

Electra Property Services 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Electra Property Services Ltd (Registered number: 10440870)

Notes to the Financial Statements - continued
for the Period 30 October 2021 to 28 October 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 October 2021
and 28 October 2022 165 42,399 2,535 45,099
DEPRECIATION
At 30 October 2021 25 10,599 634 11,258
Charge for period 21 7,950 285 8,256
At 28 October 2022 46 18,549 919 19,514
NET BOOK VALUE
At 28 October 2022 119 23,850 1,616 25,585
At 29 October 2021 140 31,800 1,901 33,841

Electra Property Services Ltd (Registered number: 10440870)

Notes to the Financial Statements - continued
for the Period 30 October 2021 to 28 October 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 30 October 2021
and 28 October 2022 42,399
DEPRECIATION
At 30 October 2021 10,599
Charge for period 7,950
At 28 October 2022 18,549
NET BOOK VALUE
At 28 October 2022 23,850
At 29 October 2021 31,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.22 29.10.21
£    £   
Trade debtors 34,228 -
Other debtors 36,403 -
70,631 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.22 29.10.21
£    £   
Bank loans and overdrafts 20,776 6,674
Hire purchase contracts 7,355 7,355
Trade creditors 7,366 2
Taxation and social security 49,266 14,386
Other creditors 3,900 1,053
88,663 29,470

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.10.22 29.10.21
£    £   
Bank loans 24,201 23,483
Hire purchase contracts 21,245 26,146
45,446 49,629

Electra Property Services Ltd (Registered number: 10440870)

Notes to the Financial Statements - continued
for the Period 30 October 2021 to 28 October 2022

8. RELATED PARTY DISCLOSURES

Mr D Bruce is deemed to be the key management personnel.