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
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
Electric Sets Limited
Statement of financial position
as at 31 August 2024
Tangible assets
60,673
22,412
Cash at bank and in hand
209,184
149,014
Creditors: amounts falling due within one year
(167,965)
(55,628)
Net current assets
120,088
115,064
Net assets
180,761
137,476
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
Electric Sets Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 August 2024
8,375
51,226
1,072
60,673
At 31 August 2023
11,482
9,434
1,496
22,412
Electric Sets Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
5,550
21,678
6
Creditors: amounts falling due within one year
2024
2023
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
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).