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Registered number: 09139987
ELEC4YOU LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
ELEC4YOU LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
DIRECTORS
MJ Donoghue
REGISTERED OFFICE
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
COMPANY DETAILS
Private company limited by shares registered in , registered number 09139987
PLACE OF BUSINESS
31 Esmond Road, London, NW6 7HF.
ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
ELEC4YOU LIMITED
ACCOUNTS
FOR THEYEARENDED31 JULY 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
ELEC4YOU LIMITED
BALANCE SHEET AT31 July 2024
Registered number: 09139987
20242023
Notes££
FIXED ASSETS
Tangible assets3178237
CURRENT ASSETS
Stock100500
Debtors55,240320
Cash at bank and in hand17,09526,465
22,43527,285
CREDITORS: Amounts falling due within one year65,82126,409
NET CURRENT ASSETS16,614876
TOTAL ASSETS LESS CURRENT LIABILITIES16,7921,113
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account16,7911,112
SHAREHOLDERS' FUNDS16,7921,113
For the year ending 31 July 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on22 January 2025and signed on their behalf by
.............................
MJ Donoghue
Director
ELEC4YOU LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
ELEC4YOU LIMITED
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 August 202310,00010,000
At 31 July 202410,00010,000
Depreciation
At 1 August 202310,00010,000
At 31 July 202410,00010,000
Net Book Amounts
At 31 July 2024--
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 1 August 20237505741,324
At 31 July 20247505741,324
Depreciation
At 1 August 20236943931,087
For the year144559
At 31 July 20247084381,146
Net Book Amounts
At 31 July 202442136178
At 31 July 202356181237
4. STOCK 20242023
££
Stock comprises:
Stock100500
100500
ELEC4YOU LIMITED
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-150
Other debtors5,000-
Prepayments240170
5,240320
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax4,475687
Directors current account16774
Trade creditors-4,778
Other creditors28620,000
Accruals893870
5,82126,409
7. EMPLOYEES
20242023
No.No.
Average number of employees11
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
New shares issued during period:
1 Ordinary shares of £1 each11
9. CONTROLLING PARTY
The company is controlled by M Donoghue by virtue of his 100% shareholding.
ELEC4YOU LIMITED
10. RELATED PARTY TRANSACTIONS
The directors current account is non-interest bearing.
Other debtors includes £5,000 (2023:£nil) due from Dakota Properties Limited, a company controlled by the director.