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Company Registration No. 5548769 (England and Wales)
Electric Sets Limited Unaudited accounts for the year ended 31 August 2024
Electric Sets Limited Unaudited accounts Contents
Page
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Electric Sets Limited Company Information for the year ended 31 August 2024
Directors
Mark Clayton Sam Clark-Hall
Company Number
5548769 (England and Wales)
Registered Office
38 MANWOOD ROAD LONDON SE4 1AD
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Electric Sets Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,673 
22,412 
Current assets
Debtors
78,869 
21,678 
Cash at bank and in hand
209,184 
149,014 
288,053 
170,692 
Creditors: amounts falling due within one year
(167,965)
(55,628)
Net current assets
120,088 
115,064 
Net assets
180,761 
137,476 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
180,661 
137,376 
Shareholders' funds
180,761 
137,476 
For the year ending 31 August 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 7 May 2025 and were signed on its behalf by
Mark Clayton Director Company Registration No. 5548769
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Electric Sets Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Electric Sets Limited is a private company, limited by shares, registered in England and Wales, registration number 5548769. The registered office is 38 MANWOOD ROAD, LONDON, SE4 1AD.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
46,156 
40,914 
1,995 
89,065 
Additions
- 
62,543 
- 
62,543 
Disposals
- 
(40,914)
- 
(40,914)
At 31 August 2024
46,156 
62,543 
1,995 
110,694 
Depreciation
At 1 September 2023
34,674 
31,480 
499 
66,653 
Charge for the year
3,107 
11,317 
424 
14,848 
On disposals
- 
(31,480)
- 
(31,480)
At 31 August 2024
37,781 
11,317 
923 
50,021 
Net book value
At 31 August 2024
8,375 
51,226 
1,072 
60,673 
At 31 August 2023
11,482 
9,434 
1,496 
22,412 
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Electric Sets Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
73,319 
- 
Trade debtors
5,550 
21,678 
78,869 
21,678 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
90,852 
13,478 
Obligations under finance leases and hire purchase contracts
8,201 
- 
Taxes and social security
31,823 
29,127 
Loans from directors
37,089 
13,023 
167,965 
55,628 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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