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REGISTERED NUMBER: 07069664 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 202

FOR

ELCOM PROJECTS LIMITED

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELCOM PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr L O'Toole
Mr N Deakin





REGISTERED OFFICE: Ground Floor
Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 07069664 (England and Wales)






ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,358 48,905

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 215,578 240,622
Cash at bank 33,627 99,787
250,205 341,409
CREDITORS
Amounts falling due within one year 6 98,035 96,041
NET CURRENT ASSETS 152,170 245,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,528

294,273

CREDITORS
Amounts falling due after more than
one year

7

16,612

25,417
NET ASSETS 194,916 268,856

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

BALANCE SHEET - continued
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 194,816 268,756
194,916 268,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 9 October 2024 and were signed on its behalf by:





Mr L O'Toole - Director


ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Elcom Projects 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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.


ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2022 20,369 41,950 62,319
Additions 10,988 19,250 30,238
At 30 November 2023 31,357 61,200 92,557
DEPRECIATION
At 1 December 2022 10,792 2,622 13,414
Charge for year 5,141 14,644 19,785
At 30 November 2023 15,933 17,266 33,199
NET BOOK VALUE
At 30 November 2023 15,424 43,934 59,358
At 30 November 2022 9,577 39,328 48,905

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.11.23 30.11.22
£    £   
Trade debtors 32,410 50,611
Other debtors 12,764 287
Prepayments and accrued income 170,404 189,724
215,578 240,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8)
10,043

18,878
Trade creditors 45,573 84,409
Corporation tax 12,027 8,670
Social security and other taxes 3,193 (18,018 )
Value added tax 14,494 670
Other creditors 12,665 1,230
Director's current account 40 202
98,035 96,041

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 16,612 25,417

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,043 18,878

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,612 25,417

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. LOANS - continued

The bank loans are secured by legal charges over the assets of the company.