Company registration number 09138480 (England and Wales)
Electio Solutions Limited
Unaudited Financial Statements
For the year ended 31 July 2024
PAGES FOR FILING WITH REGISTRAR
Electio Solutions Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Electio Solutions Limited
Balance Sheet
As at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
42,780
12,420
Cash at bank and in hand
17,486
44,245
60,266
56,665
Creditors: amounts falling due within one year
4
(26,160)
(27,409)
Net current assets
34,106
29,256
Capital and reserves
Called up share capital
100
2
Profit and loss reserves
34,006
29,254
Total equity
34,106
29,256

For the financial year ended 31 July 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 April 2025 and are signed on its behalf by:
Mr J Stones
Director
Company registration number 09138480 (England and Wales)
Electio Solutions Limited
Notes to the Financial Statements
For the year ended 31 July 2024
- 2 -
1
Accounting policies
Company information

Electio Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 67 Cuckmans Drive, St Albans, Hertfordshire, AL2 3AF.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

 

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.4
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

Electio Solutions Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
42,780
12,420
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
20,046
19,332
Other taxation and social security
4,071
1,785
Other creditors
2,043
6,292
26,160
27,409
2024-07-312023-08-01falsefalsefalse02 April 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr J StonesMs C Watson091384802023-08-012024-07-31091384802024-07-31091384802023-07-3109138480core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3109138480core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3109138480core:CurrentFinancialInstruments2024-07-3109138480core:CurrentFinancialInstruments2023-07-3109138480core:ShareCapital2024-07-3109138480core:ShareCapital2023-07-3109138480core:RetainedEarningsAccumulatedLosses2024-07-3109138480core:RetainedEarningsAccumulatedLosses2023-07-3109138480bus:Director12023-08-012024-07-31091384802022-08-012023-07-3109138480bus:PrivateLimitedCompanyLtd2023-08-012024-07-3109138480bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109138480bus:FRS1022023-08-012024-07-3109138480bus:AuditExemptWithAccountantsReport2023-08-012024-07-3109138480bus:Director22023-08-012024-07-3109138480bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP