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REGISTERED NUMBER: 11326774 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

ELEKTRATEX ENGINEERING LIMITED

ELEKTRATEX ENGINEERING LIMITED (REGISTERED NUMBER: 11326774)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEKTRATEX ENGINEERING LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTORS: A Taylor
Miss L M Mohr





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 11326774 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

ELEKTRATEX ENGINEERING LIMITED (REGISTERED NUMBER: 11326774)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,512 61,014

CURRENT ASSETS
Debtors 5 66,119 46,379
Cash at bank 6,711 8,681
72,830 55,060
CREDITORS
Amounts falling due within one year 6 71,502 33,684
NET CURRENT ASSETS 1,328 21,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,840

82,390

CREDITORS
Amounts falling due after more than one
year

7

(45,289

)

(52,525

)

PROVISIONS FOR LIABILITIES (14,628 ) (11,593 )
NET (LIABILITIES)/ASSETS (77 ) 18,272

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (227 ) 18,122
SHAREHOLDERS' FUNDS (77 ) 18,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

ELEKTRATEX ENGINEERING LIMITED (REGISTERED NUMBER: 11326774)

Balance Sheet - continued
31st March 2024


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 Board of Directors and authorised for issue on 5th July 2024 and were signed on its behalf by:





A Taylor - Director


ELEKTRATEX ENGINEERING LIMITED (REGISTERED NUMBER: 11326774)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Elektratex Engineering Limited 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.
Plant and machinery etc - 25% on reducing balance

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.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ELEKTRATEX ENGINEERING LIMITED (REGISTERED NUMBER: 11326774)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 87,583
Additions 17,001
At 31st March 2024 104,584
DEPRECIATION
At 1st April 2023 26,569
Charge for year 19,503
At 31st March 2024 46,072
NET BOOK VALUE
At 31st March 2024 58,512
At 31st March 2023 61,014

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023 64,784
Additions 13,500
At 31st March 2024 78,284
DEPRECIATION
At 1st April 2023 16,196
Charge for year 15,522
At 31st March 2024 31,718
NET BOOK VALUE
At 31st March 2024 46,566
At 31st March 2023 48,588

ELEKTRATEX ENGINEERING LIMITED (REGISTERED NUMBER: 11326774)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,639 43,613
Other debtors 13,480 2,766
66,119 46,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,250 2,500
Hire purchase contracts 14,511 11,710
Trade creditors 17,574 5,406
Taxation and social security (9,096 ) 12,090
Other creditors 9,263 1,978
71,502 33,684

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,708 10,000
Hire purchase contracts 37,581 42,525
45,289 52,525

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
A Taylor
Balance outstanding at start of year 60 5
Amounts advanced 3,052 862
Amounts repaid (804 ) (807 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,308 60

Miss L M Mohr
Balance outstanding at start of year - -
Amounts advanced 312 -
Amounts repaid (37 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 275 -

ELEKTRATEX ENGINEERING LIMITED (REGISTERED NUMBER: 11326774)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Taylor.