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REGISTERED NUMBER: 05485064 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE ELECTRIC SALVAGE GROUP LIMITED

THE ELECTRIC SALVAGE GROUP LIMITED (REGISTERED NUMBER: 05485064)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ELECTRIC SALVAGE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr R L Ellwood





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 05485064 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

THE ELECTRIC SALVAGE GROUP LIMITED (REGISTERED NUMBER: 05485064)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 145,876 145,876

CURRENT ASSETS
Debtors 5 - 3,728
Cash at bank 2 2
2 3,730
CREDITORS
Amounts falling due within one year 6 75,623 4,151
NET CURRENT LIABILITIES (75,621 ) (421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,255

145,455

CAPITAL AND RESERVES
Called up share capital 7 125 125
Retained earnings 70,130 145,330
SHAREHOLDERS' FUNDS 70,255 145,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:




Mr R L Ellwood - Director


THE ELECTRIC SALVAGE GROUP LIMITED (REGISTERED NUMBER: 05485064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

The Electric Salvage Group 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 May 2023
and 30 April 2024 145,876
NET BOOK VALUE
At 30 April 2024 145,876
At 30 April 2023 145,876

The shares in The Electric Salvage Group Limited were acquired for £100.
The shares in Ellwood Ellectrical Wholesalers Limited were acquired for £145,776

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings - 3,728

Amounts owed by group undertakings of £Nil (2023: £3,728) relates to Ellwood Electrical Wholesalers Limited, a company under common control of the director.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 75,609 2,837
Directors' current accounts 14 1,314
75,623 4,151

THE ELECTRIC SALVAGE GROUP LIMITED (REGISTERED NUMBER: 05485064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed to group undertakings of £38,836 (2023: £2,837) relates to The Electric Salvage Company Limited, a company under common control of the director.

Amounts owed to group undertakings of £36,772 (2023: £Nil) relates to Ellwood Electrical Wholesalers Limited, a company under common control of the director.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
125 Ordinary £1 125 125

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R L Ellwood.