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REGISTERED NUMBER: 04682585 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

THE ELECTRIC MAN LIMITED

THE ELECTRIC MAN LIMITED (REGISTERED NUMBER: 04682585)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE ELECTRIC MAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs Elena Griffiths
Mr David John Gary Griffiths





SECRETARY: Mrs Elena Griffiths





REGISTERED OFFICE: Glascoed
Ger Y Nant, Llangunnor
Carmarthen
SA31 2NY





REGISTERED NUMBER: 04682585 (England and Wales)

THE ELECTRIC MAN LIMITED (REGISTERED NUMBER: 04682585)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 4,709 2,735
4,710 2,736

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 15,373 8,241
Cash at bank 53,625 70,538
69,998 79,779
CREDITORS
Amounts falling due within one year 5,941 16,727
NET CURRENT ASSETS 64,057 63,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,767

65,788

PROVISIONS FOR LIABILITIES 900 350
NET ASSETS 67,867 65,438

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 67,861 65,432
SHAREHOLDERS' FUNDS 67,867 65,438

THE ELECTRIC MAN LIMITED (REGISTERED NUMBER: 04682585)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


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

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

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





Mr David John Gary Griffiths - Director


THE ELECTRIC MAN LIMITED (REGISTERED NUMBER: 04682585)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

The Electric Man 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in April 2003, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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


THE ELECTRIC MAN LIMITED (REGISTERED NUMBER: 04682585)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a
going concern, which the directors consider appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1st April 2023
and 31st March 2024 20,354
AMORTISATION
At 1st April 2023
and 31st March 2024 20,353
NET BOOK VALUE

At 31st March 2024 1
At 31st March 2023 1

THE ELECTRIC MAN LIMITED (REGISTERED NUMBER: 04682585)

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

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1st April 2023 41,832
Additions 2,909
At 31st March 2024 44,741
DEPRECIATION
At 1st April 2023 39,097
Charge for year 935
At 31st March 2024 40,032
NET BOOK VALUE
At 31st March 2024 4,709
At 31st March 2023 2,735