Registered number
04463797
ELECTRO CONTRACTORS LIMITED
Filleted Accounts
30 June 2024
ELECTRO CONTRACTORS LIMITED
Registered number: 04463797
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,173 2,396
Current assets
Stocks 2,428 2,653
Debtors 4 296 1,560
Cash at bank and in hand 23,885 11,717
26,609 15,930
Creditors: amounts falling due within one year 5 (12,278) (12,398)
Net current assets 14,331 3,532
Net assets 16,504 5,928
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,404 5,828
Shareholders' funds 16,504 5,928
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H RASHID
Director
Approved by the board on 19 March 2025
ELECTRO CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 1,500 6,028 5,500 13,028
At 30 June 2024 1,500 6,028 5,500 13,028
Depreciation
At 1 July 2023 - 5,866 4,766 10,632
Charge for the year - 40 183 223
At 30 June 2024 - 5,906 4,949 10,855
Net book value
At 30 June 2024 1,500 122 551 2,173
At 30 June 2023 1,500 162 734 2,396
4 Debtors 2024 2023
£ £
Other debtors 296 1,560
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,083 -
Taxation and social security costs 4,024 4,371
Other creditors 6,171 8,027
12,278 12,398
6 Controlling party
The Controlling interest is held by the director
7 Other information
ELECTRO CONTRACTORS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4A THE AVENUE
HIGHAMS PARK
LONDON
E4 9LD
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