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Company No: 07365434 (England and Wales)

DALCON ELECTRONICS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

DALCON ELECTRONICS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

DALCON ELECTRONICS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
DALCON ELECTRONICS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS C Raymond
D Raymond
REGISTERED OFFICE 14 Tavistock Avenue Mill Hill
London
NW7 1GA
United Kingdom
COMPANY NUMBER 07365434 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
DALCON ELECTRONICS LIMITED

BALANCE SHEET

As at 31 December 2024
DALCON ELECTRONICS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 1,163 1,455
Tangible assets 3 13,819 25,020
14,982 26,475
Current assets
Debtors 4 5,568 3,910
Cash at bank and in hand 5 943,978 917,415
949,546 921,325
Creditors: amounts falling due within one year 6 ( 101,254) ( 40,938)
Net current assets 848,292 880,387
Total assets less current liabilities 863,274 906,862
Provision for liabilities 0 1,503
Net assets 863,274 908,365
Capital and reserves
Called-up share capital 10 10
Profit and loss account 863,264 908,355
Total shareholders' funds 863,274 908,365

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Dalcon Electronics Limited (registered number: 07365434) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

C Raymond
Director
DALCON ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
DALCON ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dalcon Electronics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Tavistock Avenue Mill Hill, London, NW7 1GA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line
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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 123,637 123,637
Additions 1,683 1,683
At 31 December 2024 125,320 125,320
Accumulated depreciation
At 01 January 2024 98,617 98,617
Charge for the financial year 12,884 12,884
At 31 December 2024 111,501 111,501
Net book value
At 31 December 2024 13,819 13,819
At 31 December 2023 25,020 25,020

4. Debtors

2024 2023
£ £
Trade debtors 3,162 0
Other debtors 2,406 3,910
5,568 3,910

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 943,978 917,415

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 32,584 1,085
Taxation and social security 22,784 33,201
Other creditors 45,886 6,652
101,254 40,938