1 March 2023 false No description of principal activity Taxfiler 2024.5 13199535business:PrivateLimitedCompanyLtd2023-03-012024-03-31 131995352023-02-28 131995352023-03-012024-03-31 13199535business:AuditExemptWithAccountantsReport2023-03-012024-03-31 13199535business:FilletedAccounts2023-03-012024-03-31 131995352024-03-31 13199535business:Director12023-03-012024-03-31 13199535business:Director22023-03-012024-03-31 13199535business:Director32023-03-012024-03-31 13199535business:RegisteredOffice2023-03-012024-03-31 131995352023-02-28 13199535core:WithinOneYear2024-03-31 13199535core:WithinOneYear2023-02-28 13199535core:AfterOneYear2024-03-31 13199535core:AfterOneYear2023-02-28 13199535core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13199535core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13199535core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13199535core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13199535core:PreviouslyStatedAmount2024-03-31 13199535core:PreviouslyStatedAmount2023-02-28 13199535business:SmallEntities2023-03-012024-03-31 13199535countries:EnglandWales2023-03-012024-03-31 13199535core:MotorVehicles2023-03-012024-03-31 13199535core:FurnitureFittings2023-03-012024-03-31 13199535core:MotorVehicles2023-02-28 13199535core:FurnitureFittings2023-02-28 13199535core:MotorVehicles2024-03-31 13199535core:FurnitureFittings2024-03-31 131995352022-03-012023-02-28 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Elecro London Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,611 
14,630 
Current assets
Inventories
398,796 
50,000 
Debtors
1,085,348 
314,567 
Cash at bank and in hand
138,692 
40,270 
1,622,836 
404,837 
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)
- 
Net assets
119,541 
59,184 
Capital and reserves
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
- 4 -
Elecro London Ltd Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
- 5 -
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 
Additions
60,249 
- 
60,249 
At 31 March 2024
60,249 
22,859 
83,108 
Depreciation
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 
Net book value
At 31 March 2024
51,907 
11,704 
63,611 
At 28 February 2023
- 
14,630 
14,630 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
398,877 
50,000 
Finished goods
(81)
- 
398,796 
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.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
458,591 
314,567 
Other debtors
260,903 
- 
719,494 
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 
£ 
£ 
VAT
430,409 
154,091 
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 
Accruals
455 
3,360 
1,313,025 
360,283 
- 6 -
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 
£ 
£ 
Bank loans
188,905 
- 
Obligations under finance leases and hire purchase contracts
64,976 
- 
253,881 
- 
9
Average number of employees
During the period the average number of employees was 16 (2023: 0).
- 7 -