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Electronic Technicians Holdings Limited

Annual Report and Unaudited Financial Statements
Year Ended 30 June 2024

Registration number: 12166132

 

Electronic Technicians Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Electronic Technicians Holdings Limited

Balance Sheet

30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

402,458

402,458

Current assets

 

Debtors

5

2

2

Creditors: Amounts falling due within one year

6

(68,860)

(119,360)

Net current liabilities

 

(68,858)

(119,358)

Net assets

 

333,600

283,100

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

333,500

283,000

Shareholders' funds

 

333,600

283,100

 

Electronic Technicians Holdings Limited

Balance Sheet

30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 October 2024 and signed on its behalf by:
 

.........................................
J Arnold
Director

Company Registration Number: 12166132

 

Electronic Technicians Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
41/43 Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7QZ

These financial statements were authorised for issue by the Board on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest pound.

Group accounts not prepared

The company heads a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

 

Electronic Technicians Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Electronic Technicians Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

402,458

402,458

Subsidiaries

£

Cost or valuation

At 1 July 2023

402,458

At 30 June 2024

402,458

Provision

At 1 July 2023

-

At 30 June 2024

-

Carrying amount

At 30 June 2024

402,458

At 30 June 2023

402,458

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Electronic Technicians Limited

41/43 Cobham Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7QZ

United Kingdom

Ordinary

100%

100%

Subsidiary undertakings

Electronic Technicians Limited

The principal activity of Electronic Technicians Limited is the supply of electronic wiring and assembly services.

 

Electronic Technicians Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2024

5

Debtors

2024
£

2023
£

Other debtors

2

2

2

2

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

-

52,500

Amounts owed to group undertakings

 

66,860

62,860

Other creditors

 

2,000

4,000

 

68,860

119,360

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

-

52,500