Registered number
10317738
Ablectrics Limited
Filleted Accounts
31 October 2023
Ablectrics Limited
Registered number: 10317738
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 41,019 55,892
Current assets
Stocks 150,521 180,767
Debtors 4 161,563 173,024
Cash at bank and in hand 67,735 136,173
379,819 489,964
Creditors: amounts falling due within one year 5 (246,180) (275,452)
Net current assets 133,639 214,512
Total assets less current liabilities 174,658 270,404
Creditors: amounts falling due after more than one year 6 (72,903) (113,288)
Net assets 101,755 157,116
Capital and reserves
Called up share capital 100 100
Profit and loss account 101,655 157,016
Shareholder's funds 101,755 157,116
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr F R Besant
Director
Approved by the board on 29 October 2024
Ablectrics Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised at the point af sale when the risk rewards and ownership has been transferred to the customer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 5 years straight line
Fixtures and fittings 5 years straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Fixtures and Fittings Motor vehicles Total
£ £ £
Cost
At 1 November 2022 102,729 11,755 114,484
At 31 October 2023 102,729 11,755 114,484
Depreciation
At 1 November 2022 48,037 10,555 58,592
Charge for the year 13,673 1,200 14,873
At 31 October 2023 61,710 11,755 73,465
Net book value
At 31 October 2023 41,019 - 41,019
At 31 October 2022 54,692 1,200 55,892
4 Debtors 2023 2022
£ £
Trade debtors 44,072 55,539
Other debtors 117,491 117,485
161,563 173,024
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 59,777 59,777
Trade creditors 75,493 112,528
Amounts owed to group undertakings and undertakings in which the company has a participating interest 66,896 72,396
Taxation and social security costs 39,899 27,270
Other creditors 4,115 3,481
246,180 275,452
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 72,903 113,288
7 Related party transactions
At the year end the company owed associated companies £66,896 (2022 : £72,396), these are repayable on demand.
8 Controlling party
The company is controlled by the director who owns 100% of the issued share capital.
9 Other information
Ablectrics Limited is a private company limited by shares and incorporated in England. Its registered office is:
33 Zetland Road
Bristol
BS6 7AH
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