Company Registration No. 07836191 (England and Wales)
Electracom Services (UK) Ltd
Unaudited financial statements
for the year ended 31 March 2024
Pages for filing with the registrar
Electracom Services (UK) Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Electracom Services (UK) Ltd
Statement of financial position
As at 31 March 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
200
Cash at bank and in hand
3,447
200
3,447
Creditors: amounts falling due within one year
4
(3,247)
Net current assets
200
200
Capital and reserves
-
-
Called up share capital
200
200
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 2 August 2024.
Kerry Overman
Director
Company Registration No. 07836191
Electracom Services (UK) Ltd
Notes to the financial statements
For the year ended 31 March 2024
2
1
Accounting policies
Company information
Electracom Services (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Chapel, Grenville Court, Britwell Road, Burnham, Buckinghamshire, SL1 8DF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, the principal accounting policies adopted are set out below.
1.2
Going concern
The company ceased trading on 31 March 2018 and became dormant with effect from this date.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and represent cash in hand.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Electracom Services (UK) Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2024
1
Accounting policies (continued)
3
Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
200
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
3,247
5
Parent company
The immediate and ultimate parent company is Ikan Projects Limited, a company incorporated in Great Britain and registered in England and Wales.