REGISTERED NUMBER: 07000380 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ELECTRIC PROMOTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N Choraria

SECRETARY:

REGISTERED OFFICE:

45 Greenways

Abbots Langley

Watford

Hertfordshire

WD5 0EU

REGISTERED NUMBER:

07000380 (England and Wales)

ACCOUNTANTS:

Visana Chartered Accountants

45 Greenways

Abbots Langley

Hertfordshire

WD5 0EU

BUSINESS ADDRESS:

201 China House

401 Edgware Road

London

NW2 6GY

FIXED ASSETS

Tangible assets

4

853

1,033

CURRENT ASSETS

Debtors

5

16,620

42,315

Cash at bank

30,849

31,605

47,469

73,920

CREDITORS

Amounts falling due within one year

6

97,190

115,654

NET CURRENT LIABILITIES

(49,721

)

(41,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,868

)

(40,701

)

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

8

(58,868

)

(50,701

)

SHAREHOLDERS' FUNDS

(48,868

)

(40,701

)

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:

Mr N Choraria - Director

1.	STATUTORY INFORMATION

Electric Promotions 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.

Equipment & Fixtures

-

15% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

& Fixtures

£

COST

At 1 September 2023

and 31 August 2024

3,893

DEPRECIATION

At 1 September 2023

2,860

Charge for year

180

At 31 August 2024

3,040

NET BOOK VALUE

At 31 August 2024

853

At 31 August 2023

1,033

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

16,620

42,315

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade creditors

14,712

34,252

PAYE

3,117

2,032

VAT

3,216

3,225

Directors' current accounts

76,145

76,145

97,190

115,654

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.24

31.8.23

value:

£

£

1

Ordinary

£1

10,000

10,000

8.

RESERVES

Retained

earnings

£

At 1 September 2023

(50,701

)

Deficit for the year

(8,167

)

At 31 August 2024

(58,868

)