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REGISTERED NUMBER: 08671128 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 27 February 2024

for

Electrotazz Limited

Electrotazz Limited (Registered number: 08671128)

Contents of the Financial Statements
for the Year Ended 27 February 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Electrotazz Limited

Company Information
for the Year Ended 27 February 2024







DIRECTOR: D Skeates





REGISTERED OFFICE: Salisbury House
London
EC2M 5SQ





REGISTERED NUMBER: 08671128 (England and Wales)





ACCOUNTANTS: Pawley & Malyon
Salisbury House
London
EC2M 5SQ

Electrotazz Limited (Registered number: 08671128)

Abridged Balance Sheet
27 February 2024

27/2/24 27/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,070 4,093

CURRENT ASSETS
Stocks 10,000 6,500
Debtors 18,693 19,280
Cash at bank - 5,955
28,693 31,735
CREDITORS
Amounts falling due within one year 30,212 34,347
NET CURRENT LIABILITIES (1,519 ) (2,612 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,551

1,481

PROVISIONS FOR LIABILITIES 583 778
NET ASSETS 968 703

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 957 692
SHAREHOLDERS' FUNDS 968 703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Electrotazz Limited (Registered number: 08671128)

Abridged Balance Sheet - continued
27 February 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 27 February 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 director and authorised for issue on 12 November 2024 and were signed by:





D Skeates - Director


Electrotazz Limited (Registered number: 08671128)

Notes to the Financial Statements
for the Year Ended 27 February 2024


1. Statutory information

Electrotazz 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 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 fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


Electrotazz Limited (Registered number: 08671128)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


2. Accounting policies - continued
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.

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 2 (2023 - 1 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 28 February 2023
and 27 February 2024 21,172
Depreciation
At 28 February 2023 17,079
Charge for year 1,023
At 27 February 2024 18,102
Net book value
At 27 February 2024 3,070
At 27 February 2023 4,093

Electrotazz Limited (Registered number: 08671128)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


5. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 27 February 2024 and 27 February 2023:

27/2/24 27/2/23
£    £   
D Skeates
Balance outstanding at start of year (142 ) (141 )
Amounts advanced 27,826 38,759
Amounts repaid (28,412 ) (38,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (728 ) (142 )