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REGISTERED NUMBER: 03181368 (England and Wales)















ELECTRA TECHNOLOGY LIMITED

Unaudited Financial Statements

For The Year Ended 31 January 2024






ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ELECTRA TECHNOLOGY LIMITED

Company Information
For The Year Ended 31 January 2024







DIRECTORS: E N Heesom
C I Wall
S Tibbals
J R Heesom
Mrs W M D Heesom





SECRETARY: Ms S J Large





REGISTERED OFFICE: Roughway Mill
Dunks Green
Tonbridge
Kent
TN11 9SG





REGISTERED NUMBER: 03181368 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Chartered Accountants
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 928
Tangible assets 5 405,952 373,078
405,952 374,006

CURRENT ASSETS
Debtors 134,316 142,764
Cash at bank 1,376 1,560
135,692 144,324
CREDITORS
Amounts falling due within one year 58,266 58,266
NET CURRENT ASSETS 77,426 86,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,378

460,064

PROVISIONS FOR LIABILITIES 72,457 69,639
NET ASSETS 410,921 390,425

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 409,921 389,425
SHAREHOLDERS' FUNDS 410,921 390,425

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

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

ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 October 2024 and were signed on its behalf by:





E N Heesom - Director


ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Electra Technology 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 value of the consideration received or receivable, net of discounts and value added taxes, for the sale of goods. Turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Intangible fixed assets
These represent development costs and patents and licences. Development costs of products are amortised over the estimated economic life of the products to which they relate. This at present is estimated to be 10 years, but this projected economic life will be subject to annual review. Patents and licences are amortised over their useful economic life. This at present is estimated to be 10 years, but will also be subject to annual review.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance and 10% on cost
Fixtures & fittings - 33% straight line and 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 325,840
AMORTISATION
At 1 February 2023 324,912
Amortisation for year 928
At 31 January 2024 325,840
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 928

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 1,364,940
Additions 115,408
At 31 January 2024 1,480,348
DEPRECIATION
At 1 February 2023 991,862
Charge for year 82,534
At 31 January 2024 1,074,396
NET BOOK VALUE
At 31 January 2024 405,952
At 31 January 2023 373,078

6. RELATED PARTY DISCLOSURES

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.