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Registered number: 11837996
Elson Electrical Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11837996
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,026 4,104
Tangible Assets 5 54,490 35,079
57,516 39,183
CURRENT ASSETS
Stocks 6 1,000 800
Debtors 7 39,704 35,156
Cash at bank and in hand 113,407 80,005
154,111 115,961
Creditors: Amounts Falling Due Within One Year 8 (57,794 ) (58,761 )
NET CURRENT ASSETS (LIABILITIES) 96,317 57,200
TOTAL ASSETS LESS CURRENT LIABILITIES 153,833 96,383
NET ASSETS 153,833 96,383
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account 153,830 96,380
SHAREHOLDERS' FUNDS 153,833 96,383
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P K Elson
Director
2 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elson Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11837996 . The registered office is Middle House Back Lane, Spurstow, Tarporley, Cheshire, CW6 9TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of electrical services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a personalised number plate and website creation costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 20% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on net book value
Computer Equipment 20% on cost
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other
comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive
income or directly in equity respectively
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
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4. Intangible Assets
Other
£
Cost
As at 1 March 2023 5,390
As at 29 February 2024 5,390
Amortisation
As at 1 March 2023 1,286
Provided during the period 1,078
As at 29 February 2024 2,364
Net Book Value
As at 29 February 2024 3,026
As at 1 March 2023 4,104
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 6,800 6,882 44,145 1,835 59,662
Additions - 4,420 38,299 213 42,932
Disposals - - (9,500 ) - (9,500 )
As at 29 February 2024 6,800 11,302 72,944 2,048 93,094
Depreciation
As at 1 March 2023 1,780 3,984 17,824 995 24,583
Provided during the period 1,360 2,592 15,153 408 19,513
Disposals - - (5,492 ) - (5,492 )
As at 29 February 2024 3,140 6,576 27,485 1,403 38,604
Net Book Value
As at 29 February 2024 3,660 4,726 45,459 645 54,490
As at 1 March 2023 5,020 2,898 26,321 840 35,079
6. Stocks
2024 2023
£ £
Materials 1,000 800
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,644 31,815
Other debtors 6,060 3,341
39,704 35,156
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,147 21,894
Other creditors 15,761 24,915
Taxation and social security 28,886 11,952
57,794 58,761
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
10. Related Party Transactions
The director has made an interest free loan available to the company of £12,180 (2023 - £22,592) which is repayable on demand.
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