Company Registration No. 13024065 (England and Wales)
Electra Connect Ltd
Unaudited accounts
for the period from 1 December 2023 to 31 August 2024
Electra Connect Ltd
Unaudited accounts
Contents
Electra Connect Ltd
Company Information
for the period from 1 December 2023 to 31 August 2024
Directors
William Murray
Harrison Thomas
Company Number
13024065 (England and Wales)
Registered Office
Cca, Sussex Innovation Centre
Boundary Road
Science Park Square
Brighton
East Sussex
BN1 9SB
England
Accountants
Collective Concepts Accounting Ltd
Electra Connect Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
20,410
4,676
Cash at bank and in hand
6,163
1,127
Creditors: amounts falling due within one year
(23,465)
(24,335)
Net current liabilities
(11,360)
(21,172)
Net assets/(liabilities)
9,050
(16,496)
Called up share capital
100
100
Profit and loss account
8,950
(16,596)
Shareholders' funds
9,050
(16,496)
For the period 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 21 May 2025 and were signed on its behalf by
Harrison Thomas
Director
Company Registration No. 13024065
Electra Connect Ltd
Notes to the Accounts
for the period from 1 December 2023 to 31 August 2024
Electra Connect Ltd is a private company, limited by shares, registered in England and Wales, registration number 13024065. The registered office is Cca, Sussex Innovation Centre, Boundary Road, Science Park Square, Brighton, East Sussex, BN1 9SB, England.
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 period, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 Years Straight Line
Motor vehicles
25% Reduced Balance
Computer equipment
33% Reduced Balance
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends upon continuing support of the creditors, the director and on funding from other external sources. If the company were unable to continue in operational existence for the foreseeable future, adjustment would have to be made to reduce the balance sheet values of the assets to recoverable amounts, and to provide for further liabilities that might arise.
The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Electra Connect Ltd
Notes to the Accounts
for the period from 1 December 2023 to 31 August 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
684
6,000
546
7,230
Additions
13,505
-
4,415
17,920
At 31 August 2024
14,189
6,000
4,961
25,150
At 1 December 2023
380
2,017
157
2,554
Charge for the period
1,204
747
235
2,186
At 31 August 2024
1,584
2,764
392
4,740
At 31 August 2024
12,605
3,236
4,569
20,410
At 30 November 2023
304
3,983
389
4,676
Amounts falling due within one year
Accrued income and prepayments
1,021
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,372
12,776
Amounts owed to group undertakings and other participating interests
-
7,362
Taxes and social security
755
(295)
Loans from directors
9,703
3,517
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).