Company Registration No. 12593958 (England and Wales)
OnBoards Electric Limited
Unaudited accounts
for the year ended 31 May 2024
OnBoards Electric Limited
Unaudited accounts
Contents
OnBoards Electric Limited
Company Information
for the year ended 31 May 2024
Director
Alejandro Miglino Torres
Company Number
12593958 (England and Wales)
Registered Office
Arch 4, Manor Place Depot,
Angle Lane
Walworth
London
SE17 3FR
United Kingdom
OnBoards Electric Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,948
2,205
Cash at bank and in hand
1,362
9,753
Creditors: amounts falling due within one year
(77,570)
(65,246)
Net current (liabilities)/assets
(75,441)
4,646
Total assets less current liabilities
(73,493)
6,851
Creditors: amounts falling due after more than one year
-
(30,000)
Net liabilities
(73,493)
(23,149)
Called up share capital
100
100
Capital contribution reserve
37,530
37,530
Profit and loss account
(111,123)
(60,779)
Shareholders' funds
(73,493)
(23,149)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2025 and were signed on its behalf by
Alejandro Miglino Torres
Director
Company Registration No. 12593958
OnBoards Electric Limited
Notes to the Accounts
for the year ended 31 May 2024
OnBoards Electric Limited is a private company, limited by shares, registered in England and Wales, registration number 12593958. The registered office is Arch 4, Manor Place Depot,, Angle Lane, Walworth, London, SE17 3FR, United Kingdom. The company is in the process of being wound up.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line Basis
Fixtures & fittings
25% Straight Line Basis
Computer equipment
25% Straight Line Basis
4
Tangible fixed assets
Total
OnBoards Electric Limited
Notes to the Accounts
for the year ended 31 May 2024
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Transactions with related parties
Onboards Electric Ltd had a related intercompany loan owed to OnBikes Electric Ltd of £26,247. This has been written off during the year as OnBikes Electric Ltd will no longer be trading.
During the year intercompany recharges amounting to £25,522 were made from OnBoards Electric Ltd to OnBikes Electric Ltd for general administrative costs.
Alejandro Miglino Torres is the Compay Director of both entities.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).