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REGISTERED NUMBER: 03988063 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Electronic Silicon Solution Limited

Electronic Silicon Solution Limited (Registered number: 03988063)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electronic Silicon Solution Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Watkins
Mrs J Watkins





REGISTERED OFFICE: 2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY





REGISTERED NUMBER: 03988063 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

Electronic Silicon Solution Limited (Registered number: 03988063)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,717 8,329

CURRENT ASSETS
Stocks - 30,867
Debtors 5 25,981 94,028
Cash at bank 68,025 101,755
94,006 226,650
CREDITORS
Amounts falling due within one year 6 5,785 99,234
NET CURRENT ASSETS 88,221 127,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,938

135,745

PROVISIONS FOR LIABILITIES 1,583 1,583
NET ASSETS 94,355 134,162

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Capital redemption reserve 20,000 20,000
Retained earnings 54,355 94,162
SHAREHOLDERS' FUNDS 94,355 134,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Electronic Silicon Solution Limited (Registered number: 03988063)

Balance Sheet - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





D Watkins - Director


Electronic Silicon Solution Limited (Registered number: 03988063)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Electronic Silicon Solution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Tools - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Electronic Silicon Solution Limited (Registered number: 03988063)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
Tools
£   
COST
At 1 June 2023 13,741
Additions 3,209
At 31 May 2024 16,950
DEPRECIATION
At 1 June 2023 5,412
Charge for year 3,821
At 31 May 2024 9,233
NET BOOK VALUE
At 31 May 2024 7,717
At 31 May 2023 8,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,315 91,751
Other debtors 4,666 2,277
25,981 94,028

Electronic Silicon Solution Limited (Registered number: 03988063)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 808 19,728
Taxation and social security 3,597 29,879
Other creditors 1,380 49,627
5,785 99,234