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REGISTERED NUMBER: 01664115 (England and Wales)

















Financial Statements

For The Year Ended 31 December 2023

for

Electro-detectors Limited

Electro-detectors Limited (Registered number: 01664115)

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 3


Electro-detectors Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: D J Rogers
Mrs J A Rogers



SECRETARY: Mrs J A Rogers



REGISTERED OFFICE: Electro House
Edinburgh Way
Harlow
Essex
CM20 2EG



REGISTERED NUMBER: 01664115 (England and Wales)



AUDITORS: LB Group Limited
Swift House
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU



BANKERS: Barclays Bank PLC
Bishops Stortford
Hertfordshire

Electro-detectors Limited (Registered number: 01664115)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,253,481 1,172,987

CURRENT ASSETS
Stocks 6 1,448,432 893,702
Debtors 7 1,768,646 1,620,526
Cash at bank and in hand 2,923,824 4,783,739
6,140,902 7,297,967
CREDITORS
Amounts falling due within one year 8 3,897,072 1,648,209
NET CURRENT ASSETS 2,243,830 5,649,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,497,311

6,822,745

PROVISIONS FOR LIABILITIES 9 48,855 24,197
NET ASSETS 3,448,456 6,798,548

CAPITAL AND RESERVES
Called up share capital 10 16,000 16,000
Retained earnings 3,432,456 6,782,548
SHAREHOLDERS' FUNDS 3,448,456 6,798,548

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





D J Rogers - Director


Electro-detectors Limited (Registered number: 01664115)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Electro-detectors 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. 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.
The financial statements have been prepared as a single entity.
The principal accounting policies adopted are set out below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions 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 recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Going concern
At the time that the financial statements were approved, the directors had a reasonable expectation that the company had adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

The directors have considered a period of twelve months following the date of approval of the financial statements, when considering the appropriateness of the adoption of the going concern basis of preparation.

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

Turnover from the sale of goods is recognised once the significant risks & rewards of ownership of the goods has passed to the buyer (usually on the dispatch of goods), the amount of turnover can be reliably measured and it is probable that the economic benefits associated with the transaction will flow to the entity.

Electro-detectors Limited (Registered number: 01664115)

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


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Recognition and impairment of tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

The entity reviews the carrying value's of its tangible fixed assets at each reporting date, to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the estimated recoverable value of the asset is used to determine the extent of the impairment loss (if any).

Stocks
Stocks are valued at average weighted cost, derived from, the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, 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.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Electro-detectors Limited (Registered number: 01664115)

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


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 30 (2022 - 34 ) .

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,493,548 123,826 65,494 1,682,868
Additions - 159,925 73,299 233,224
Disposals - - (31,689 ) (31,689 )
At 31 December 2023 1,493,548 283,751 107,104 1,884,403
DEPRECIATION
At 1 January 2023 369,470 103,959 36,452 509,881
Charge for year 74,677 44,948 23,078 142,703
Eliminated on disposal - - (21,662 ) (21,662 )
At 31 December 2023 444,147 148,907 37,868 630,922
NET BOOK VALUE
At 31 December 2023 1,049,401 134,844 69,236 1,253,481
At 31 December 2022 1,124,078 19,867 29,042 1,172,987

6. STOCKS
2023 2022
£    £   
Stocks 1,448,432 893,702

Electro-detectors Limited (Registered number: 01664115)

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 1,427,602 1,619,726
Other debtors 341,044 800
1,768,646 1,620,526

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 395,285 265,844
Taxation and social security 914,460 827,850
Other creditors 2,587,327 554,515
3,897,072 1,648,209

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 49,979 24,197
Other timing differences (1,124 ) -
48,855 24,197

Deferred
tax
£   
Balance at 1 January 2023 24,197
Charge to Statement of Income and Retained Earnings during year 24,658
Balance at 31 December 2023 48,855

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
16,000 Ordinary £1 16,000 16,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Laurence Miles FCA (Senior Statutory Auditor)
for and on behalf of LB Group Limited

12. ULTIMATE PARENT COMPANY

The ultimate parent undertaking and the controlling undertaking of the group for which consolidated accounts are drawn up is Arthenella Limited, A company registered at Electro House, Edinburgh Way, Harlow, Essex, CM20 2EG, of which, Electro-Detectors is a wholly owned subsidiary.