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Company Registration No. 03477033 (England and Wales)
H E Electronics Limited Unaudited accounts for the year ended 31 May 2024
H E Electronics Limited Unaudited accounts Contents
Page
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H E Electronics Limited Company Information for the year ended 31 May 2024
Directors
K Legg Mrs S L Taylor C Mullins
Company Number
03477033 (England and Wales)
Registered Office
18 COBHAM ROAD FERNDOWN INDUSTRIAL ESTATE WIMBORNE DORSET BH21 7PG
Accountants
Philip Richardson 2 West Moors Road Three Legged Cross Wimborne Dorset BH21 6QP
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H E Electronics Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,338 
14,390 
Current assets
Inventories
227,397 
255,805 
Debtors
241,853 
244,555 
Cash at bank and in hand
2,054,829 
1,607,191 
2,524,079 
2,107,551 
Creditors: amounts falling due within one year
(265,933)
(528,911)
Net current assets
2,258,146 
1,578,640 
Net assets
2,294,484 
1,593,030 
Capital and reserves
Called up share capital
50 
50 
Share premium
54,950 
54,950 
Capital redemption reserve
(450,000)
(450,000)
Profit and loss account
2,689,484 
1,988,030 
Shareholders' funds
2,294,484 
1,593,030 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
C Mullins Director Company Registration No. 03477033
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H E Electronics Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
H E Electronics Limited is a private company, limited by shares, registered in England and Wales, registration number 03477033. The registered office is 18 COBHAM ROAD, FERNDOWN INDUSTRIAL ESTATE, WIMBORNE, DORSET, BH21 7PG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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H E Electronics Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
60,528 
9,647 
24,747 
94,922 
Additions
27,271 
1,132 
2,279 
30,682 
At 31 May 2024
87,799 
10,779 
27,026 
125,604 
Depreciation
At 1 June 2023
49,325 
9,647 
21,560 
80,532 
Charge for the year
6,811 
226 
1,697 
8,734 
At 31 May 2024
56,136 
9,873 
23,257 
89,266 
Net book value
At 31 May 2024
31,663 
906 
3,769 
36,338 
At 31 May 2023
11,203 
- 
3,187 
14,390 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
226,372 
254,780 
Finished goods
1,025 
1,025 
227,397 
255,805 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
241,853 
244,555 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
39,278 
67,738 
Trade creditors
139,614 
143,876 
Taxes and social security
80,451 
311,360 
Other creditors
5,490 
4,837 
Accruals
1,100 
1,100 
265,933 
528,911 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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