IRIS Accounts Production v23.3.1.45 12331541 director 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123315412022-11-30123315412023-11-30123315412022-12-012023-11-30123315412021-11-30123315412021-12-012022-11-30123315412022-11-3012331541ns10:Originalns15:EnglandWales2022-12-012023-11-3012331541ns14:PoundSterlingns10:Original2022-12-012023-11-3012331541ns10:Originalns10:Director12022-12-012023-11-3012331541ns10:Original2022-12-012023-11-3012331541ns10:Original2023-11-3012331541ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3012331541ns10:Originalns10:SmallEntities2022-12-012023-11-3012331541ns10:Originalns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3012331541ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3012331541ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3012331541ns10:Originalns10:FullAccounts2022-12-012023-11-3012331541ns10:Original12022-12-012023-11-3012331541ns10:Originalns10:OrdinaryShareClass12022-12-012023-11-3012331541ns10:Originalns10:RegisteredOffice2022-12-012023-11-3012331541ns10:Original2022-11-3012331541ns10:Originalns5:CurrentFinancialInstruments2023-11-3012331541ns10:Originalns5:CurrentFinancialInstruments2022-11-3012331541ns10:Originalns5:Non-currentFinancialInstruments2023-11-3012331541ns10:Originalns5:Non-currentFinancialInstruments2022-11-3012331541ns5:ShareCapitalns10:Original2023-11-3012331541ns5:ShareCapitalns10:Original2022-11-3012331541ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3012331541ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3012331541ns10:Originalns5:NetGoodwill2022-12-012023-11-3012331541ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-12-012023-11-3012331541ns10:Originalns5:PlantMachinery2022-12-012023-11-3012331541ns10:Originalns5:MotorVehicles2022-12-012023-11-3012331541ns10:Originalns5:ComputerEquipment2022-12-012023-11-3012331541ns10:Original2021-12-012022-11-3012331541ns10:Originalns5:NetGoodwill2022-11-3012331541ns10:Originalns5:NetGoodwill2023-11-3012331541ns10:Originalns5:NetGoodwill2022-11-3012331541ns10:Originalns5:PlantMachinery2022-11-3012331541ns10:Originalns5:MotorVehicles2022-11-3012331541ns10:Originalns5:ComputerEquipment2022-11-3012331541ns10:Original2022-11-3012331541ns10:Originalns5:PlantMachinery2023-11-3012331541ns10:Originalns5:MotorVehicles2023-11-3012331541ns10:Originalns5:ComputerEquipment2023-11-3012331541ns10:Originalns5:PlantMachinery2022-11-3012331541ns10:Originalns5:MotorVehicles2022-11-3012331541ns10:Originalns5:ComputerEquipment2022-11-3012331541ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3012331541ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3012331541ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3012331541ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3012331541ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-11-3012331541ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-11-3012331541ns10:Originalns5:HirePurchaseContracts2023-11-3012331541ns10:Originalns5:HirePurchaseContracts2022-11-3012331541ns10:Originalns5:DeferredTaxation2023-11-3012331541ns10:Originalns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 12331541 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Elec-UK Ltd

Elec-UK Ltd (Registered number: 12331541)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elec-UK Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R Buckland





REGISTERED OFFICE: 52 Minden Close
Chineham
Basingstoke
United Kingdom
Hampshire
RG24 8TH





REGISTERED NUMBER: 12331541 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Elec-UK Ltd (Registered number: 12331541)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 45,498 27,909
48,498 33,909

CURRENT ASSETS
Debtors 6 114,423 99,894
Cash at bank 38,728 61,116
153,151 161,010
CREDITORS
Amounts falling due within one year 7 71,373 97,815
NET CURRENT ASSETS 81,778 63,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,276

97,104

CREDITORS
Amounts falling due after more than one
year

8

(30,263

)

(10,362

)

PROVISIONS FOR LIABILITIES 10 (8,645 ) -
NET ASSETS 91,368 86,742

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 91,268 86,642
SHAREHOLDERS' FUNDS 91,368 86,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Elec-UK Ltd (Registered number: 12331541)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:





R Buckland - Director


Elec-UK Ltd (Registered number: 12331541)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Elec-UK 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Elec-UK Ltd (Registered number: 12331541)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 12,000
AMORTISATION
At 1 December 2022 6,000
Amortisation for year 3,000
At 30 November 2023 9,000
NET BOOK VALUE
At 30 November 2023 3,000
At 30 November 2022 6,000

Elec-UK Ltd (Registered number: 12331541)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 703 35,666 695 37,064
Additions - 56,599 - 56,599
Disposals - (31,460 ) - (31,460 )
At 30 November 2023 703 60,805 695 62,203
DEPRECIATION
At 1 December 2022 215 8,727 213 9,155
Charge for year 81 8,938 80 9,099
Eliminated on disposal - (1,549 ) - (1,549 )
At 30 November 2023 296 16,116 293 16,705
NET BOOK VALUE
At 30 November 2023 407 44,689 402 45,498
At 30 November 2022 488 26,939 482 27,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,931 22,614
Other debtors 101,492 77,280
114,423 99,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 9) 8,282 3,768
Trade creditors 39,496 48,389
Taxation and social security 21,406 36,385
Other creditors 2,189 9,273
71,373 97,815

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 9) 30,263 10,362

Elec-UK Ltd (Registered number: 12331541)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 8,282 3,768
Between one and five years 30,263 10,362
38,545 14,130

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 8,645 -

Deferred
tax
£   
Accelerated capital allowances 8,645
Balance at 30 November 2023 8,645

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1 100 100