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REGISTERED NUMBER: 08329528 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

E-Lec Solutions Ltd

E-Lec Solutions Ltd (Registered number: 08329528)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E-Lec Solutions Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R W Dick
Ms T G Ayto





REGISTERED OFFICE: 200 Devonshire Avenue
Southsea
Hampshire
PO4 9EQ





REGISTERED NUMBER: 08329528 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

E-Lec Solutions Ltd (Registered number: 08329528)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,329 3,899

CURRENT ASSETS
Stocks 1,500 2,000
Debtors 5 14,914 42,506
Cash at bank and in hand 79,909 131,868
96,323 176,374
CREDITORS
Amounts falling due within one year 6 78,109 129,635
NET CURRENT ASSETS 18,214 46,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,543

50,638

CREDITORS
Amounts falling due after more than
one year

7

-

(33,333

)

PROVISIONS FOR LIABILITIES (3,188 ) (382 )
NET ASSETS 33,355 16,923

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,255 16,823
SHAREHOLDERS' FUNDS 33,355 16,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

E-Lec Solutions Ltd (Registered number: 08329528)

Balance Sheet - continued
31 March 2023


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 14 November 2023 and were signed on its behalf by:





R W Dick - Director


E-Lec Solutions Ltd (Registered number: 08329528)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

E-Lec Solutions 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.

Turnover represents the invoiced total of goods and services supplied, net of value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 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.


E-Lec Solutions Ltd (Registered number: 08329528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,147 561 15,050 2,064 18,822
Additions 737 461 16,724 2,746 20,668
At 31 March 2023 1,884 1,022 31,774 4,810 39,490
DEPRECIATION
At 1 April 2022 982 325 12,185 1,431 14,923
Charge for year 226 174 4,897 941 6,238
At 31 March 2023 1,208 499 17,082 2,372 21,161
NET BOOK VALUE
At 31 March 2023 676 523 14,692 2,438 18,329
At 31 March 2022 165 236 2,865 633 3,899

E-Lec Solutions Ltd (Registered number: 08329528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 11,334 39,731
Other debtors 3,580 2,775
14,914 42,506

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 10,000
Taxation and social security 22,370 25,804
Other creditors 55,739 93,831
78,109 129,635

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 33,333

8. ULTIMATE CONTROLLING PARTY

The controlling party is R W Dick.