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Unaudited Financial Statements

for the Period 1 March 2023 to 26 February 2024

for

ELECTREX WORLD LIMITED

ELECTREX WORLD LIMITED (Registered number: 04306310)






Contents of the Financial Statements
for the Period 1 March 2023 to 26 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTREX WORLD LIMITED

Company Information
for the Period 1 March 2023 to 26 February 2024







DIRECTOR: L J Houghton





SECRETARY: L J Houghton





REGISTERED OFFICE: Unit 44
Vanalloys Business Park
Stoke Row
Henley on Thames
RG9 5QW





REGISTERED NUMBER: 04306310 (England and Wales)





ACCOUNTANTS: Abacus Business Consulting Limited
Thistledown
Wendlebury
Bicester
OX25 2PE

ELECTREX WORLD LIMITED (Registered number: 04306310)

Balance Sheet
26 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 427,605 449,090
Investments 6 87,335 90,314
514,940 539,404

CURRENT ASSETS
Stocks 69,700 96,900
Debtors 7 16,563 18,353
Cash at bank and in hand 473,693 510,686
559,956 625,939
CREDITORS
Amounts falling due within one year 8 894,991 281,174
NET CURRENT (LIABILITIES)/ASSETS (335,035 ) 344,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,905

884,169

PROVISIONS FOR LIABILITIES 1,100 27,000
NET ASSETS 178,805 857,169

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,705 857,069
SHAREHOLDERS' FUNDS 178,805 857,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ELECTREX WORLD LIMITED (Registered number: 04306310)

Balance Sheet - continued
26 February 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 17 December 2024 and were signed by:





L J Houghton - Director


ELECTREX WORLD LIMITED (Registered number: 04306310)

Notes to the Financial Statements
for the Period 1 March 2023 to 26 February 2024

1. STATUTORY INFORMATION

ELECTREX WORLD LIMITED 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of three years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

The directors do not consider that it is appropriate to depreciate the freehold property. The building has always been, and it is intended that it always will be, maintained in very good working order. Any impairment in the value of the building is considered to be negligible as the useful economic life of the building is expected to be in excess of 50 years and it is not anticipated that it will become obsolete during that period.

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 period 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.


ELECTREX WORLD LIMITED (Registered number: 04306310)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 26 February 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 26 February 2024 30,000
AMORTISATION
At 1 March 2023
and 26 February 2024 30,000
NET BOOK VALUE
At 26 February 2024 -
At 28 February 2023 -

ELECTREX WORLD LIMITED (Registered number: 04306310)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 26 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 300,782 667,279 45,891
Additions - - -
At 26 February 2024 300,782 667,279 45,891
DEPRECIATION
At 1 March 2023 - 562,529 37,721
Charge for period - 15,750 1,170
At 26 February 2024 - 578,279 38,891
NET BOOK VALUE
At 26 February 2024 300,782 89,000 7,000
At 28 February 2023 300,782 104,750 8,170

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 191,000 37,961 1,242,913
Additions - 7,856 7,856
At 26 February 2024 191,000 45,817 1,250,769
DEPRECIATION
At 1 March 2023 148,492 45,081 793,823
Charge for period 10,508 1,913 29,341
At 26 February 2024 159,000 46,994 823,164
NET BOOK VALUE
At 26 February 2024 32,000 (1,177 ) 427,605
At 28 February 2023 42,508 (7,120 ) 449,090

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Annuity 87,335 90,314

The other investments comprise a private annuity and is shown net of realisations.

ELECTREX WORLD LIMITED (Registered number: 04306310)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 26 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,646 10,740
Other debtors 1,917 7,613
16,563 18,353

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 128,000 -
Trade creditors 41,614 79,981
Taxation and social security 91,917 61,367
Other creditors 633,460 139,826
894,991 281,174