ELECTRICOM LIMITED

Company Registration Number:
09076470 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

ELECTRICOM LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

ELECTRICOM LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 122,751 92,515
Total fixed assets: 122,751 92,515
Current assets
Debtors: 4 651,895 534,235
Cash at bank and in hand: 96,962 80,165
Total current assets: 748,857 614,400
Creditors: amounts falling due within one year: 5 (320,624) (313,014)
Net current assets (liabilities): 428,233 301,386
Total assets less current liabilities: 550,984 393,901
Creditors: amounts falling due after more than one year: 6 (69,309) (69,142)
Total net assets (liabilities): 481,675 324,759
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 481,575 324,659
Shareholders funds: 481,675 324,759

The notes form part of these financial statements

ELECTRICOM LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 March 2024
and signed on behalf of the board by:

Name: Mr D Henry
Status: Director

The notes form part of these financial statements

ELECTRICOM LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of Vat and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Property improvements - NilPlant and machinery - 20% reducing balanceFixtures & fittings - 20% reducing balanceMotor Vehicles - 25% reducing balance

ELECTRICOM LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 16 8

ELECTRICOM LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 106,550
Additions 57,724
At 30 June 2023 164,274
Depreciation
At 01 July 2022 14,035
Charge for year 27,488
At 30 June 2023 41,523
Net book value
At 30 June 2023 122,751
At 30 June 2022 92,515

ELECTRICOM LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

ELECTRICOM LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

Bank loans - £15,000Trade creditors - £60,150Corporation tax - £144,084Other taxation and social security - £66,033Other creditors - £34,997

ELECTRICOM LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts - £21,030Other creditors - £48,279