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REGISTERED NUMBER: 04611673 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROBELEC LIMITED

ROBELEC LIMITED (REGISTERED NUMBER: 04611673)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ROBELEC LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTOR: M Robinson



SECRETARY: M Robinson



REGISTERED OFFICE: 127 Beanacre
Melksham
Wiltshire
SN12 7PU



REGISTERED NUMBER: 04611673 (England and Wales)



ACCOUNTANTS: Graham Barber Accountancy Limited
4 Beaufort West
Bath
BA1 6QB



BANKERS: Barclays Bank plc
20 Bank Street
Melksham
Wiltshire

ROBELEC LIMITED (REGISTERED NUMBER: 04611673)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,367 47,740
34,367 47,740

CURRENT ASSETS
Debtors 144,135 205,165
Cash at bank 10,000 7,944
154,135 213,109
CREDITORS
Amounts falling due within one year (104,288 ) (144,547 )
NET CURRENT ASSETS 49,847 68,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,214

116,302

CREDITORS
Amounts falling due after more than one
year

(62,657

)

(82,863

)

PROVISIONS FOR LIABILITIES (6,487 ) (9,071 )
NET ASSETS 15,070 24,368

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings 8 15,050 24,348
SHAREHOLDERS' FUNDS 15,070 24,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROBELEC LIMITED (REGISTERED NUMBER: 04611673)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





M Robinson - Director


ROBELEC LIMITED (REGISTERED NUMBER: 04611673)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Robelec 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, and on the basis that the company will continue as a going concern, which following the loss for the year is dependent on an improvement in trading conditions.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ROBELEC LIMITED (REGISTERED NUMBER: 04611673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 259,189
Additions 3,699
At 31 December 2023 262,888
DEPRECIATION
At 1 January 2023 211,449
Charge for year 17,072
At 31 December 2023 228,521
NET BOOK VALUE
At 31 December 2023 34,367
At 31 December 2022 47,740

ROBELEC LIMITED (REGISTERED NUMBER: 04611673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

6. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,285 12,026
Bounce back loan 6,067 6,067
Invoice finance loan 7,015 -
23,367 18,093

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,089 11,300
Bounce back loan 9,100 9,100
20,189 20,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,107 38,196
Bounce back loan 15,361 24,267
42,468 62,463

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £1 20 20

8. RESERVES
Retained
earnings
£   

At 1 January 2023 24,348
Profit for the year 50,702
Dividends (60,000 )
At 31 December 2023 15,050

9. OTHER FINANCIAL COMMITMENTS

Outstanding pension contributions at 31 December 2023 were £1,216 (2022 £1,245).

ROBELEC LIMITED (REGISTERED NUMBER: 04611673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M Robinson
Balance outstanding at start of year 133,083 120,079
Amounts advanced 108,998 103,637
Amounts repaid (82,922 ) (90,633 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 159,159 133,083