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Registered Number: 11899854
England and Wales

 

 

 


Report of Unaudited Financial Statements

for the year ended 31 March 2024

for

THE ELEC GROUP LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Intangible fixed assets 2 165,914    199,097 
Tangible fixed assets 3 59,002    23,954 
224,916    223,051 
 
Current assets
Inventories 29,318    38,821 
Debtors 414,832    551,145 
Cash at bank and in hand 41,195    147,295 
485,345    737,261 
Creditors: amount falling due within one year (670,559)   (893,962)
Net current assets (185,214)   (156,701)
 
Total assets less current liabilities 39,702    66,350 
Creditors: amount falling due after more than one year (80,243)   (58,832)
Net assets (40,541)   7,518 
 

Capital and reserves
Called up share capital 1,000    1,000 
Profit and loss account (41,541)   6,518 
Shareholders fund (40,541)   7,518 
 
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Signed on behalf of the board of directors:


----------------------------------
Trevor Brian Clark
Director

Date approved: 27 December 2024
1
Statutory Information
THE ELEC GROUP LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 11899854, registration address 2 Stow Court, Quy, Cambridge, United Kingdom, CB25 9AS, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles33.33 % Reducing Balance
Computer Equipment25 % Straight Line
Office Equipment15 % Straight Line
2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 01 April 2023 331,829    331,829 
Additions  
Disposals  
At 31 March 2024 331,829    331,829 
Amortisation
At 01 April 2023 132,732    132,732 
Charge for year 33,183    33,183 
On disposals  
At 31 March 2024 165,915    165,915 
Net book values
At 31 March 2024 165,914    165,914 
At 31 March 2023 199,097    199,097 

3.

Tangible fixed assets

Cost or Valuation Motor Vehicles   Computer Equipment   Office Equipment   Total
  £   £   £   £
At 01 April 2023 63,545    5,110    15,327    83,982 
Additions 70,114    2,995      73,109 
Disposals (42,000)       (42,000)
At 31 March 2024 91,659    8,105    15,327    115,091 
Depreciation
At 01 April 2023 45,173    4,799    10,056    60,028 
Charge for year 28,329    685    1,658    30,672 
On disposals (34,611)       (34,611)
At 31 March 2024 38,891    5,484    11,714    56,089 
Net book values
Closing balance as at 31 March 2024 52,768    2,621    3,613    59,002 
Opening balance as at 01 April 2023 18,372    311    5,271    23,954 

4.

Average number of employees

Average number of employees during the year was 20  (2023: 13).
2