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REGISTERED NUMBER: 02932226 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Electrio Limited

Electrio Limited (Registered number: 02932226)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Electrio Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A G Long
Mrs M Long





REGISTERED OFFICE: Unit 7
Trubody's Yard
London Road
Bridgeyate
BS30 5NA





REGISTERED NUMBER: 02932226 (England and Wales)





ACCOUNTANTS: P B Accountancy Ltd
17 Duckmoor Road
Ashton
Bristol
BS3 2DD

Electrio Limited (Registered number: 02932226)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,436 183,117

CURRENT ASSETS
Stocks 65,500 65,500
Debtors 5 819,399 580,552
Cash at bank and in hand 1,179,474 1,588,432
2,064,373 2,234,484
CREDITORS
Amounts falling due within one year 6 421,492 671,692
NET CURRENT ASSETS 1,642,881 1,562,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,812,317

1,745,909

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 1,812,167 1,745,759
SHAREHOLDERS' FUNDS 1,812,317 1,745,909

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

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

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 19 September 2024 and were signed on its behalf by:




A G Long - Director


Electrio Limited (Registered number: 02932226)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Electrio 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. 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.

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 - at varying rates on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Electrio Limited (Registered number: 02932226)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 3,663 29,030 43,500
Additions - - -
Disposals - - -
At 31 May 2024 3,663 29,030 43,500
DEPRECIATION
At 1 June 2023 - 563 38,112
Charge for year - 563 1,347
Eliminated on disposal - - -
At 31 May 2024 - 1,126 39,459
NET BOOK VALUE
At 31 May 2024 3,663 27,904 4,041
At 31 May 2023 3,663 28,467 5,388

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 21,300 281,080 43,368 421,941
Additions - 43,941 6,259 50,200
Disposals - (43,930 ) - (43,930 )
At 31 May 2024 21,300 281,091 49,627 428,211
DEPRECIATION
At 1 June 2023 19,038 147,616 33,495 238,824
Charge for year 566 41,197 7,592 51,265
Eliminated on disposal - (31,314 ) - (31,314 )
At 31 May 2024 19,604 157,499 41,087 258,775
NET BOOK VALUE
At 31 May 2024 1,696 123,592 8,540 169,436
At 31 May 2023 2,262 133,464 9,873 183,117

Electrio Limited (Registered number: 02932226)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 780,673 554,023
Other debtors 38,726 26,529
819,399 580,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 208,575 253,225
Taxation and social security 196,189 279,679
Other creditors 16,728 138,788
421,492 671,692

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
A G Long
Balance outstanding at start of year (325 ) (396 )
Amounts repaid (600 ) (800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (55 ) (325 )

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current period by the Directors, Mr A Long and Mrs M Long.