Company registration number SC759063 (Scotland)
AC Elektra Ltd
Unaudited financial statements
for the period ended 31 March 2024
Pages for filing with registrar
AC Elektra Ltd
Company information
Director
Aurimas Chessell
(Appointed 16 February 2023)
Company number
SC759063
Registered office
Rosewood
Raemoir Road
Banchory
AB31 4ET
Accountants
James Milne
Chartered Accountants
Rosewood
Raemoir Road
Banchory
AB31 4ET
AC Elektra Ltd
Director's report
for the period ended 31 March 2024
1
The director presents his annual report and financial statements for the period ended 31 March 2024.
Director
The director who held office during the period and up to the date of signature of the financial statements was as follows:
Aurimas Chessell
(Appointed 16 February 2023)
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Aurimas Chessell
Director
13 August 2024
AC Elektra Ltd
Statement of financial position
as at 31 March 2024
31 March 2024
2
2024
Notes
£
£
Current assets
Debtors
1
Cash at bank and in hand
55,349
55,350
Creditors: amounts falling due within one year
(18,752)
Net assets
36,598
Capital and reserves
Called up share capital
1
Profit and loss reserves
36,597
Total equity
36,598
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 member has not required the company to obtain an audit of its financial statements for the period 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 13 August 2024
Aurimas Chessell
Director
Company registration number SC759063 (Scotland)
AC Elektra Ltd
Notes to the financial statements
for the period ended 31 March 2024
3
1
Accounting policies
Company information
AC Elektra Ltd is a private company limited by shares incorporated in Scotland. The registered office is Rosewood, Raemoir Road, Banchory, AB31 4ET.
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.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
AC Elektra Ltd
Notes to the financial statements (continued)
for the period ended 31 March 2024
4
3
Directors' transactions
Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Aurimas Chessell -
-
22,418
(21,849)
569
-
22,418
(21,849)
569