Company Registration No. 13199535 (England and Wales)
Elecro London Ltd
Unaudited accounts
for the period from 1 March 2023 to 31 March 2024
Elecro London Ltd
Unaudited accounts
Contents
Elecro London Ltd
Company Information
for the period from 1 March 2023 to 31 March 2024
Directors
MR R K MARLEY
MR K MARLEY
MR D Elliott
Company Number
13199535 (England and Wales)
Registered Office
18 Bourne Road
Bexley
DA5 1LU
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Elecro London Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
63,611
14,630
Inventories
398,796
50,000
Cash at bank and in hand
138,692
40,270
Creditors: amounts falling due within one year
(1,313,025)
(360,283)
Net current assets
309,811
44,554
Total assets less current liabilities
373,422
59,184
Creditors: amounts falling due after more than one year
(253,881)
-
Called up share capital
107
107
Profit and loss account
119,434
59,077
Shareholders' funds
119,541
59,184
For the period ending 31 March 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 4 September 2024 and were signed on its behalf by
MR R K MARLEY
Director
Company Registration No. 13199535
Elecro London Ltd
Notes to the Accounts
for the period from 1 March 2023 to 31 March 2024
Elecro London Ltd is a private company, limited by shares, registered in England and Wales, registration number 13199535. The registered office is 18 Bourne Road, Bexley, DA5 1LU.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Elecro London Ltd
Notes to the Accounts
for the period from 1 March 2023 to 31 March 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
-
22,859
22,859
At 31 March 2024
60,249
22,859
83,108
At 1 March 2023
-
8,229
8,229
Charge for the period
8,342
2,926
11,268
At 31 March 2024
8,342
11,155
19,497
At 31 March 2024
51,907
11,704
63,611
At 28 February 2023
-
14,630
14,630
Work in progress
398,877
50,000
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Amounts falling due within one year
Trade debtors
458,591
314,567
Amounts falling due after more than one year
Accrued income and prepayments
365,854
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
652,595
79,321
Taxes and social security
219,803
108,400
Other creditors
4,173
13,897
Loans from directors
5,590
1,214
Elecro London Ltd
Notes to the Accounts
for the period from 1 March 2023 to 31 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
64,976
-
9
Average number of employees
During the period the average number of employees was 16 (2023: 0).