ECLECTIC COMPONENTS LIMITED

Company Registration Number:
06290366 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

ECLECTIC COMPONENTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

ECLECTIC COMPONENTS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,084 4,112
Total fixed assets: 3,084 4,112
Current assets
Stocks: 1,000 1,000
Debtors: 4 161,822 156,009
Cash at bank and in hand: 201,080 583,751
Total current assets: 363,902 740,760
Creditors: amounts falling due within one year: 5 (76,508) (309,065)
Net current assets (liabilities): 287,394 431,695
Total assets less current liabilities: 290,478 435,807
Creditors: amounts falling due after more than one year: 6 (36,708) (33,083)
Total net assets (liabilities): 253,770 402,724
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 252,770 401,724
Shareholders funds: 253,770 402,724

The notes form part of these financial statements

ECLECTIC COMPONENTS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 May 2024
and signed on behalf of the board by:

Name: John Palmer
Status: Director

The notes form part of these financial statements

ECLECTIC COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the Company; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. Intangible fixed

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Furniture, fittings and equipment 25 percent Reducing balance

ECLECTIC COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

ECLECTIC COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 10,372
At 30 November 2023 10,372
Depreciation
At 01 December 2022 6,260
Charge for year 1,028
At 30 November 2023 7,288
Net book value
At 30 November 2023 3,084
At 30 November 2022 4,112

ECLECTIC COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 3,198 2,395

ECLECTIC COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022 Trade creditors 42,009 81,525 Taxes and social security 27,859 218,884 Loans from directors 14,258 - Accruals and deferred income 6,639 8,654

ECLECTIC COMPONENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

2023 2022 Bank loans and overdrafts 25,649 35,478