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REGISTERED NUMBER: 02476772 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Electron Technical Services Limited

Electron Technical Services Limited (Registered number: 02476772)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electron Technical Services Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: P M Saxton
M A Wood





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 02476772 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Electron Technical Services Limited (Registered number: 02476772)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 134,473 140,373

CURRENT ASSETS
Inventories 3,155 2,989
Debtors 5 180,392 99,869
Cash at bank and in hand 403,983 202,539
587,530 305,397
CREDITORS
Amounts falling due within one year 6 277,499 171,992
NET CURRENT ASSETS 310,031 133,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,504

273,778

CREDITORS
Amounts falling due after more than
one year

7

(24,425

)

(37,121

)

PROVISIONS FOR LIABILITIES (22,779 ) (15,062 )
NET ASSETS 397,300 221,595

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 396,300 220,595
SHAREHOLDERS' FUNDS 397,300 221,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Electron Technical Services Limited (Registered number: 02476772)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





M A Wood - Director


Electron Technical Services Limited (Registered number: 02476772)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Electron Technical Services 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.

In accordance with their responsibilities the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. In forming their view, they have considered a period of at least 12 months from the date of approval of the financial statements.
The directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred 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 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.

Electron Technical Services Limited (Registered number: 02476772)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 40,410 32,484 179,998 252,892
Additions 12,441 10,508 19,017 41,966
Disposals - - (25,506 ) (25,506 )
At 31 December 2023 52,851 42,992 173,509 269,352
DEPRECIATION
At 1 January 2023 16,542 20,684 75,293 112,519
Charge for year 9,078 5,611 30,180 44,869
Eliminated on disposal - - (22,509 ) (22,509 )
At 31 December 2023 25,620 26,295 82,964 134,879
NET BOOK VALUE
At 31 December 2023 27,231 16,697 90,545 134,473
At 31 December 2022 23,868 11,800 104,705 140,373

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 78,372
DEPRECIATION
At 1 January 2023 27,918
Charge for year 12,613
At 31 December 2023 40,531
NET BOOK VALUE
At 31 December 2023 37,841
At 31 December 2022 50,454

Electron Technical Services Limited (Registered number: 02476772)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,489 90,243
Other debtors 8,903 9,626
180,392 99,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,696 12,696
Trade creditors 58,157 30,252
Taxation and social security 145,250 37,666
Other creditors 61,396 91,378
277,499 171,992

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 24,425 37,121

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 37,121 49,817

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 1 1,000 1,000