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REGISTERED NUMBER: 02671135 (England and Wales)











A. & R. Electronic Developments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






A. & R. Electronic Developments Limited (Registered number: 02671135)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A. & R. Electronic Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Soltysik
A Soltysik





SECRETARY: R Soltysik





REGISTERED OFFICE: Unit 14, Littleton Business Park
Littleton Drive
Cannock
Staffordshire
WS12 4TR





REGISTERED NUMBER: 02671135 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

A. & R. Electronic Developments Limited (Registered number: 02671135)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 677,581 695,688
Investments 6 754,498 285,573
1,432,079 981,261

CURRENT ASSETS
Stocks 4,500 4,446
Debtors 7 27,813 48,249
Cash at bank and in hand 359,323 577,313
391,636 630,008
CREDITORS
Amounts falling due within one year 8 56,813 37,780
NET CURRENT ASSETS 334,823 592,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,766,902

1,573,489

PROVISIONS FOR LIABILITIES 13,843 13,960
NET ASSETS 1,753,059 1,559,529

CAPITAL AND RESERVES
Called up share capital 9 6 6
Capital redemption reserve 4 4
Retained earnings 1,753,049 1,559,519
SHAREHOLDERS' FUNDS 1,753,059 1,559,529

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.

A. & R. Electronic Developments Limited (Registered number: 02671135)

Statement of Financial Position - 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 16 September 2024 and were signed on its behalf by:





R Soltysik - Director


A. & R. Electronic Developments Limited (Registered number: 02671135)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

A. & R. Electronic Developments 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are requires to make judgement, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recongnised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

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 etc - 20% on reducing balance

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

A. & R. Electronic Developments Limited (Registered number: 02671135)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

A. & R. Electronic Developments Limited (Registered number: 02671135)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 622,211 253,372 875,583
DEPRECIATION
At 1 January 2023 - 179,895 179,895
Charge for year - 18,107 18,107
At 31 December 2023 - 198,002 198,002
NET BOOK VALUE
At 31 December 2023 622,211 55,370 677,581
At 31 December 2022 622,211 73,477 695,688

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 285,573
Additions 400,000
Revaluations 68,925
At 31 December 2023 754,498
NET BOOK VALUE
At 31 December 2023 754,498
At 31 December 2022 285,573

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2020 40,002
Valuation in 2021 58,370
Valuation in 2022 187,201
Valuation in 2023 468,925
754,498

A. & R. Electronic Developments Limited (Registered number: 02671135)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,813 48,164
Other debtors - 85
27,813 48,249

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,857 14,875
Taxation and social security 44,649 14,380
Other creditors 9,307 8,525
56,813 37,780

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary 1.00 6 6