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Company No: 13718750 (England and Wales)

ELECOM SOLUTIONS LTD

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

ELECOM SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

ELECOM SOLUTIONS LTD

COMPANY INFORMATION

For the financial year ended 30 November 2023
ELECOM SOLUTIONS LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTOR Mr S E Garnham (Resigned 28 November 2023)
Mr C D Pratt
SECRETARY Mr D Richards
REGISTERED OFFICE 128 City Road
London
EC1V 2NX
United Kingdom
COMPANY NUMBER 13718750 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
ELECOM SOLUTIONS LTD

BALANCE SHEET

As at 30 November 2023
ELECOM SOLUTIONS LTD

BALANCE SHEET (continued)

As at 30 November 2023
30.11.2023 30.11.2022
£ £
Current assets
Debtors 3 20,327 30,490
Cash at bank and in hand 1,842 3,099
22,169 33,589
Creditors: amounts falling due within one year 4 ( 5,388) ( 7,151)
Net current assets 16,781 26,438
Total assets less current liabilities 16,781 26,438
Net assets 16,781 26,438
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 16,780 26,437
Total shareholder's funds 16,781 26,438

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Elecom Solutions Ltd (registered number: 13718750) were approved and authorised for issue by the Director on 30 August 2024. They were signed on its behalf by:

Mr C D Pratt
Director
ELECOM SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
ELECOM SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Elecom Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 128 City Road, London, EC1V 2NX, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The entity's first period from incorporation covered a 13 month period from 2 November 2021 to 30 November 2022. As such, the information given in the financial statements is not entirely comparable.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Year ended
30.11.2023
Period from
02.11.2021 to
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Debtors

30.11.2023 30.11.2022
£ £
Trade debtors 20,327 30,490

4. Creditors: amounts falling due within one year

30.11.2023 30.11.2022
£ £
Taxation and social security 4,152 6,201
Other creditors 1,236 950
5,388 7,151

5. Called-up share capital

30.11.2023 30.11.2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1