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REGISTERED NUMBER: 10274736 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ELECTRIFY VENTURES LIMITED

ELECTRIFY VENTURES LIMITED (REGISTERED NUMBER: 10274736)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELECTRIFY VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mrs L Brookes





REGISTERED OFFICE: c/o Philip Barnes & Co Limited
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 10274736 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

ELECTRIFY VENTURES LIMITED (REGISTERED NUMBER: 10274736)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,922 8,669

CURRENT ASSETS
Debtors 5 2,248 3,131
Cash at bank 482 1,328
2,730 4,459
CREDITORS
Amounts falling due within one year 6 37,360 39,440
NET CURRENT LIABILITIES (34,630 ) (34,981 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,708

)

(26,312

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (27,808 ) (26,412 )
SHAREHOLDERS' FUNDS (27,708 ) (26,312 )

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 her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:





Mrs L Brookes - Director


ELECTRIFY VENTURES LIMITED (REGISTERED NUMBER: 10274736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Electrify Ventures 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.
Plant and machinery - 20% reducing balance
Computer equipment - 33% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 2 ) .

ELECTRIFY VENTURES LIMITED (REGISTERED NUMBER: 10274736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 34,420 1,252 35,672
DEPRECIATION
At 1 September 2023 25,848 1,155 27,003
Charge for year 1,715 32 1,747
At 31 August 2024 27,563 1,187 28,750
NET BOOK VALUE
At 31 August 2024 6,857 65 6,922
At 31 August 2023 8,572 97 8,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 443 45
Other debtors 1,805 3,086
2,248 3,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 287 442
Other creditors 37,073 38,998
37,360 39,440

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 shares £1 50 50

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50 Share capital 2 £1 50 50

ELECTRIFY VENTURES LIMITED (REGISTERED NUMBER: 10274736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mrs L Brookes
Balance outstanding at start of year (20,105 ) (20,105 )
Amounts advanced (18,999 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39,104 ) (20,105 )

Mrs C Pounder
Balance outstanding at start of year (20,042 ) (20,042 )
Amounts repaid 18,999 -
Amounts written off 1,043 -
Amounts waived - -
Balance outstanding at end of year - (20,042 )

9. GOING CONCERN

The directors have made an undertaking that they will continue to support the company for at least the next twelve months.