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REGISTERED NUMBER: 06364369











Financial Statements

for the Year Ended 31 March 2024

for

ELTEX LTD

ELTEX LTD (REGISTERED NUMBER: 06364369)






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


ELTEX LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A Shchurko





SECRETARY: Lermer Secretarial Services Limited





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06364369





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ELTEX LTD (REGISTERED NUMBER: 06364369)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,453 8,604
6,453 8,604

CURRENT ASSETS
Stocks 6 5,000 6,947
Debtors 7 103,801 161,177
Cash at bank 6,794 9,320
115,595 177,444
CREDITORS
Amounts falling due within one year 8 99,601 141,353
NET CURRENT ASSETS 15,994 36,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,447

44,695

CREDITORS
Amounts falling due after more than one year 9 (20,500 ) (42,354 )

PROVISIONS FOR LIABILITIES 11 (1,613 ) (1,635 )
NET ASSETS 334 706

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 234 606
SHAREHOLDERS' FUNDS 334 706

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 director acknowledges his 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.

ELTEX LTD (REGISTERED NUMBER: 06364369)

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 director and authorised for issue on 5 February 2025 and were signed by:





Mr A Shchurko - Director


ELTEX LTD (REGISTERED NUMBER: 06364369)

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

1. STATUTORY INFORMATION

Eltex Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ELTEX LTD (REGISTERED NUMBER: 06364369)

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

2. ACCOUNTING POLICIES - continued

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.

Rental paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 22,398 3,333 4,985 30,716
Disposals - (172 ) - (172 )
At 31 March 2024 22,398 3,161 4,985 30,544
DEPRECIATION
At 1 April 2023 16,229 2,000 3,883 22,112
Charge for year 1,542 333 276 2,151
Eliminated on disposal - (172 ) - (172 )
At 31 March 2024 17,771 2,161 4,159 24,091
NET BOOK VALUE
At 31 March 2024 4,627 1,000 826 6,453
At 31 March 2023 6,169 1,333 1,102 8,604

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 5,000 6,947

ELTEX LTD (REGISTERED NUMBER: 06364369)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 53,292
Other debtors 56,083 56,083
Directors' current accounts 37,441 40,800
Prepayments 10,277 11,002
103,801 161,177

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) 21,354 27,509
Tax 24,540 10,972
Social security and other taxes 426 354
VAT 4,204 6,845
Other creditors - 2,930
Accruals and deferred income 49,077 92,743
99,601 141,353

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 20,500 42,354

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 21,354 27,509

Amounts falling due between one and two years:
Bank loans - 1-2 years 18,000 21,354

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,500 21,000

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,613 1,635

ELTEX LTD (REGISTERED NUMBER: 06364369)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,635
Provided during year (22 )
Balance at 31 March 2024 1,613

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
51 Ordinary £1 51 51
24 A Ordinary £1 24 24
24 B Ordinary £1 24 24
1 C Ordinary £1 1 1
100 100

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr A Shchurko
Balance outstanding at start of year 40,800 -
Amounts advanced 67,841 75,804
Amounts repaid (71,200 ) (35,004 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,441 40,800

As at the balance sheet date, included in debtors due within one year is £37,441 due and payable from the director. Interest of £292 was charged at 2.25% on the outstanding balance. The loan was repaid within 9 months of the balance sheet date.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Shchurko.