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Company Registration No. 06747283 (England and Wales)
ELECMEC LIMITED Unaudited accounts for the year ended 31 December 2024
ELECMEC LIMITED Unaudited accounts Contents
Page
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ELECMEC LIMITED Company Information for the year ended 31 December 2024
Directors
MARK HORTON AVERIL HORTON
Secretary
MARK HORTON
Company Number
06747283 (England and Wales)
Registered Office
UNIT A IN2CONNECT HOUSE ACTON STREET LONG EATON NOTTINGHAM NG10 1FT UK
Accountants
ROCKET BUSINESS SERVICES LTD 18 BARLEYDALE DRIVE TROWELL NOTTINGHAM NOTTS NG9 3QS
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ELECMEC LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
18,645 
27,170 
Debtors
19,983 
42,929 
Cash at bank and in hand
39,871 
58,084 
78,499 
128,183 
Creditors: amounts falling due within one year
(5,038)
(24,749)
Net current assets
73,461 
103,434 
Net assets
73,461 
103,434 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
73,361 
103,334 
Shareholders' funds
73,461 
103,434 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
MARK HORTON Director Company Registration No. 06747283
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ELECMEC LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ELECMEC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06747283. The registered office is UNIT A IN2CONNECT HOUSE, ACTON STREET LONG EATON, NOTTINGHAM, NG10 1FT, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
50% straight line basis
Computer equipment
50% straight line basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
731 
2,192 
2,923 
At 31 December 2024
731 
2,192 
2,923 
Depreciation
At 1 January 2024
731 
2,192 
2,923 
At 31 December 2024
731 
2,192 
2,923 
Net book value
At 31 December 2024
- 
- 
- 
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ELECMEC LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,757 
- 
Trade debtors
18,176 
42,879 
Other debtors
50 
50 
19,983 
42,929 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
2,130 
Trade creditors
1,198 
7,640 
Taxes and social security
3,107 
12,283 
Other creditors
103 
2,101 
Accruals
630 
595 
5,038 
24,749 
7
Transactions with related parties
£13,904 of rent (£16,373 - 2023) was paid to In2 Investment llp which owns 48% of the issued share capital.
8
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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