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ELEKTRIC-ON LTD.
 
 
Company Registration Number
06812570
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/03/2023
 
End date 29/02/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
ELEKTRIC-ON LTD.
 
Contents of the Financial Statements
for the Period Ended 29 February 2024
 
 
Page
Company Information 3
 
Abridged Balance Sheet 4 - 5
 
Notes to the Financial Statements 6 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
ELEKTRIC-ON LTD.
Company Information
for the Period Ended 29 February 2024
 
Directors Emil Iulian Visan Gherghe
 
 
1a Aberavon road
London
E3 5AR
 
Company Registration Number 06812570
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
ELEKTRIC-ON LTD.
Balance Sheet
for the Period Ended 29 February 2024
Company registration number 06812570
2024 2,023
Notes £ £
Fixed assets
Tangible fixed assets 2 3
_______ _______
Total fixed assets 0 3
Current assets
Debtors 3 428
Cash at bank and in hand 81,899 90,195
_______ _______
Total current assets/(liabilities) 82,327 90,195
Creditors
Creditors - amounts falling
due within one year 4 9,644 11,649
_______ _______
Net current assets 72,683 78,546
_______ _______
Total assets less current liabilities 72,683 78,549
_______ _______
Creditors - amounts falling
due after more than one year 5 34,736 39,907
_______ _______
Long term creditors 34,736 39,907
_____ _____
Net assets/(liabilities) 37,947 38,642
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 7 37,847 38,542
_____ _____
Total shareholders funds 37,947 38,642
 
 
 
 
 
 
 
 
Page 4
ELEKTRIC-ON LTD.
 
Balance Sheet
for the Period Ended 29 February 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-11-15
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Emil Iulian Visan Gherghe
Status Director
 
The notes form part of these financial statements
Average number of employees during period 0
 
 
 
 
 
 
 
Page 5
ELEKTRIC-ON LTD.
Notes to the Financial Statements
for the Period Ended 29 February 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
ELEKTRIC-ON LTD.
Notes to the Financial Statements
for the Period Ended 29 February 2024
2. Tangible fixed assets
Plant and Motor Total
equipment vehicles
Cost £ £ £
At 1 March 2023 29,626 10,266 39,892
Disposals 13,372 10,266 23,638
_____ _____
At 29 February 2024 16,254 16,254
Depreciation
At 1 March 2023 29,623 10,266 39,889
On disposals 13,369 10,266 23,635
_____ _____
At 29 February 2024 16,254 16,254
Net book value
At 29 February 2024 0 0
At 28 February 2023 3 0 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
ELEKTRIC-ON LTD.
Notes to the Financial Statements
for the Period Ended 29 February 2024
3. Debtors 2024 2,023
HMRC (VAT and CIS) 428
___ _
Total 428 0
4. Creditors amounts falling due within one year 2024 2,023
Corporation tax 7,204 11,649
Director's loan 2,440
____ _____
Total 9,644 11,649
5. Creditors amounts falling due after more than one year 2024 2,023
Bank loans 28,907 39,907
Amounts due under finance leases and
hire purchase contracts 5,829
_____ _____
Total 34,736 39,907
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
ELEKTRIC-ON LTD.
Notes to the Financial Statements
for the Period Ended 29 February 2024
6. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary 1 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
Ordinary 100 100
___ ___
Total 100 100
7. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 March 2023 38,542
Profit/(Loss) for year 30,711
Dividends paid 31,406
_____
Retained Profit/(Loss) at 29 February 2024 37,847
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
ELEKTRIC-ON LTD.
Notes to the Financial Statements
for the Period Ended 29 February 2024
 
8. Related party transactions
The ultimate controlling party during the period Director & Shares
 
Related party name Emil Iulian Visan Gherghe
2024 2,023
£ £
Amount due from (to) related party 2,440
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10