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REGISTERED NUMBER: 02497135 (England and Wales)















ELECTROPARTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






ELECTROPARTS LIMITED (REGISTERED NUMBER: 02497135)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELECTROPARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs C Swallow





SECRETARY: P Swallow





REGISTERED OFFICE: Tenter House
Elm Street
Skelmanthorpe
Huddersfield
West Yorkshire
HD8 9DZ





REGISTERED NUMBER: 02497135 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

ELECTROPARTS LIMITED (REGISTERED NUMBER: 02497135)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,299 172,031

CURRENT ASSETS
Stocks 201,303 205,686
Debtors 5 338,648 234,298
Cash at bank 337,807 325,432
877,758 765,416
CREDITORS
Amounts falling due within one year 6 301,846 242,479
NET CURRENT ASSETS 575,912 522,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,211

694,968

CAPITAL AND RESERVES
Called up share capital 1,596 1,587
Share premium 31,260 31,260
Retained earnings 692,355 662,121
SHAREHOLDERS' FUNDS 725,211 694,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:



Mrs C Swallow - Director


ELECTROPARTS LIMITED (REGISTERED NUMBER: 02497135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Electroparts 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.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 33 ) .

ELECTROPARTS LIMITED (REGISTERED NUMBER: 02497135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 67,912 475,402 35,672 72,831 651,817
Additions - 13,083 - 1,925 15,008
At 31 May 2024 67,912 488,485 35,672 74,756 666,825
DEPRECIATION
At 1 June 2023 - 416,818 32,403 30,565 479,786
Charge for year - 29,136 739 7,865 37,740
At 31 May 2024 - 445,954 33,142 38,430 517,526
NET BOOK VALUE
At 31 May 2024 67,912 42,531 2,530 36,326 149,299
At 31 May 2023 67,912 58,584 3,269 42,266 172,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 336,650 232,341
Other debtors 1,998 1,957
338,648 234,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 93,955 77,103
Trade creditors 66,383 89,804
Taxation and social security 84,562 36,311
Other creditors 56,946 39,261
301,846 242,479