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REGISTERED NUMBER: 03769077 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Electrodec Limited

Electrodec Limited (Registered number: 03769077)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electrodec Limited

Company Information
for the Year Ended 30 June 2024







Directors: D D Jackson
M P Jackson





Secretary: M P Jackson





Registered office: 2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB





Registered number: 03769077 (England and Wales)





Accountants: Ashby Berry Coulsons Ltd
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Electrodec Limited (Registered number: 03769077)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 70,778 72,536
70,778 72,536

Current assets
Stocks 51,617 52,449
Debtors 6 17,027 21,568
Cash at bank and in hand 42,742 24,390
111,386 98,407
Creditors
Amounts falling due within one year 7 144,571 130,552
Net current liabilities (33,185 ) (32,145 )
Total assets less current liabilities 37,593 40,391

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 36,593 39,391
Shareholders' funds 37,593 40,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Electrodec Limited (Registered number: 03769077)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





D D Jackson - Director


Electrodec Limited (Registered number: 03769077)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Electrodec 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Land and buildings - no longer provided
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost, 20% on reducing balance and 15% on cost

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.


Electrodec Limited (Registered number: 03769077)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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.

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 year was 7 (2023 - 7 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 21,000
Amortisation
At 1 July 2023
and 30 June 2024 21,000
Net book value
At 30 June 2024 -
At 30 June 2023 -

Electrodec Limited (Registered number: 03769077)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 July 2023
and 30 June 2024 122,653 3,312 8,194
Depreciation
At 1 July 2023 53,817 3,082 7,199
Charge for year - 74 199
At 30 June 2024 53,817 3,156 7,398
Net book value
At 30 June 2024 68,836 156 796
At 30 June 2023 68,836 230 995

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 July 2023
and 30 June 2024 9,900 1,220 145,279
Depreciation
At 1 July 2023 7,425 1,220 72,743
Charge for year 1,485 - 1,758
At 30 June 2024 8,910 1,220 74,501
Net book value
At 30 June 2024 990 - 70,778
At 30 June 2023 2,475 - 72,536

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 15,965 20,568
Other debtors 1,062 1,000
17,027 21,568

Electrodec Limited (Registered number: 03769077)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 6,522 8,748
Taxation and social security 10,318 6,258
Other creditors 127,731 115,546
144,571 130,552

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000