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REGISTERED NUMBER: 05234284 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Electic Enterprises Limited

Electic Enterprises Limited (Registered number: 05234284)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electic Enterprises Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M A Ambler
Mrs C E Ambler





SECRETARY: Mrs C E Ambler





REGISTERED OFFICE: Sheepcote Barn 23 Blackmoor Lane
Bardsey
Leeds
LS17 9DY





REGISTERED NUMBER: 05234284 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Electic Enterprises Limited (Registered number: 05234284)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,170 1,331
Investment property 5 628,000 628,000
631,170 629,331

CURRENT ASSETS
Debtors 6 12,602 2,015
Cash at bank 42,265 103,400
54,867 105,415
CREDITORS
Amounts falling due within one year 7 528,947 579,145
NET CURRENT LIABILITIES (474,080 ) (473,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,090

155,601

PROVISIONS FOR LIABILITIES 793 333
NET ASSETS 156,297 155,268

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 156,289 155,260
156,297 155,268

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Electic Enterprises Limited (Registered number: 05234284)

Balance Sheet - continued
30 September 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 17 February 2025 and were signed on its behalf by:





M A Ambler - Director


Electic Enterprises Limited (Registered number: 05234284)

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

1. STATUTORY INFORMATION

Electic Enterprises 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 as modified by the revaluation of certain assets.

Turnover
Turnover in relation to the investment property represents rental income received.

Turnover in relation to the consultancy activities represents net invoiced sales of services excluding value added tax. Revenue is recognised when the company obtains the right to receive consideration for services provided.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Electic Enterprises Limited (Registered number: 05234284)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023 15,258 13,084 28,342
Additions 3,362 - 3,362
At 30 September 2024 18,620 13,084 31,704
DEPRECIATION
At 1 October 2023 15,007 12,004 27,011
Charge for year 1,361 162 1,523
At 30 September 2024 16,368 12,166 28,534
NET BOOK VALUE
At 30 September 2024 2,252 918 3,170
At 30 September 2023 251 1,080 1,331

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 628,000
NET BOOK VALUE
At 30 September 2024 628,000
At 30 September 2023 628,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 (106,842 )
Cost 734,842
628,000

Electic Enterprises Limited (Registered number: 05234284)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 734,842 734,842

Investment property was valued on an open market basis on 30 September 2024 by an external valuer. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 11,581 1,122
Other debtors 1,021 893
12,602 2,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 873 21,818
Taxation and social security 5,745 6,733
Other creditors 522,329 550,594
528,947 579,145