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REGISTERED NUMBER: 06531639 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ELECTROMATIX LTD

ELECTROMATIX LTD (REGISTERED NUMBER: 06531639)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTROMATIX LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M A Coleman
Mrs C E Coleman





SECRETARY: Mrs C E Coleman





REGISTERED OFFICE: 12/14 Church Street
Ecclesfield
Sheffield
South Yorkshire
S35 9WE





REGISTERED NUMBER: 06531639 (England and Wales)





ACCOUNTANTS: Carter Smith
12/14 Church Street
Ecclesfield
Sheffield
South Yorkshire
S35 9WE

ELECTROMATIX LTD (REGISTERED NUMBER: 06531639)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 16,000
Tangible assets 5 203,535 182,457
215,535 198,457

CURRENT ASSETS
Debtors 6 174,202 86,477
Cash at bank 200,910 288,682
375,112 375,159
CREDITORS
Amounts falling due within one year 7 189,647 267,264
NET CURRENT ASSETS 185,465 107,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,000

306,352

PROVISIONS FOR LIABILITIES 23,591 29,744
NET ASSETS 377,409 276,608

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 377,407 276,606
SHAREHOLDERS' FUNDS 377,409 276,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ELECTROMATIX LTD (REGISTERED NUMBER: 06531639)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





M A Coleman - Director


ELECTROMATIX LTD (REGISTERED NUMBER: 06531639)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Electromatix Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The company purchased the partnership business of M A & C E Coleman trading as MCESS in March 2008 for £40,000. The goodwill is being amortised over 10 years in accordance with FRS 102A.

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 etc - 20% on reducing balance and 15% on reducing balance

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.

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.

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.

ELECTROMATIX LTD (REGISTERED NUMBER: 06531639)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023 24,000
Charge for year 4,000
At 31 March 2024 28,000
NET BOOK VALUE
At 31 March 2024 12,000
At 31 March 2023 16,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 298,645
Additions 91,808
Disposals (89,232 )
At 31 March 2024 301,221
DEPRECIATION
At 1 April 2023 116,188
Charge for year 39,378
Eliminated on disposal (57,880 )
At 31 March 2024 97,686
NET BOOK VALUE
At 31 March 2024 203,535
At 31 March 2023 182,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 158,089 81,645
Other debtors 16,113 4,832
174,202 86,477

ELECTROMATIX LTD (REGISTERED NUMBER: 06531639)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 10,115
Trade creditors 69,056 35,354
Taxation and social security 111,016 210,380
Other creditors 9,575 11,415
189,647 267,264

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A & C E Coleman.