2023-09-012024-08-312024-08-31false05823671ELECTRORAD U.K. LIMITED2025-05-2774909falseiso4217:GBPxbrli:pure058236712023-09-01058236712024-08-31058236712023-09-012024-08-31058236712022-09-01058236712023-08-31058236712022-09-012023-08-3105823671bus:SmallEntities2023-09-012024-08-3105823671bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3105823671bus:FullAccounts2023-09-012024-08-3105823671bus:PrivateLimitedCompanyLtd2023-09-012024-08-3105823671core:WithinOneYear2024-08-3105823671core:AfterOneYear2024-08-3105823671core:WithinOneYear2023-08-3105823671core:AfterOneYear2023-08-3105823671core:ShareCapital2024-08-3105823671core:SharePremium2024-08-3105823671core:RevaluationReserve2024-08-3105823671core:OtherReservesSubtotal2024-08-3105823671core:RetainedEarningsAccumulatedLosses2024-08-3105823671core:ShareCapital2023-08-3105823671core:SharePremium2023-08-3105823671core:RevaluationReserve2023-08-3105823671core:OtherReservesSubtotal2023-08-3105823671core:RetainedEarningsAccumulatedLosses2023-08-3105823671core:LandBuildings2024-08-3105823671core:PlantMachinery2024-08-3105823671core:Vehicles2024-08-3105823671core:FurnitureFittings2024-08-3105823671core:OfficeEquipment2024-08-3105823671core:NetGoodwill2024-08-3105823671core:IntangibleAssetsOtherThanGoodwill2024-08-3105823671core:ListedExchangeTraded2024-08-3105823671core:UnlistedNon-exchangeTraded2024-08-3105823671core:LandBuildings2023-08-3105823671core:PlantMachinery2023-08-3105823671core:Vehicles2023-08-3105823671core:FurnitureFittings2023-08-3105823671core:OfficeEquipment2023-08-3105823671core:NetGoodwill2023-08-3105823671core:IntangibleAssetsOtherThanGoodwill2023-08-3105823671core:ListedExchangeTraded2023-08-3105823671core:UnlistedNon-exchangeTraded2023-08-3105823671core:LandBuildings2023-09-012024-08-3105823671core:PlantMachinery2023-09-012024-08-3105823671core:Vehicles2023-09-012024-08-3105823671core:FurnitureFittings2023-09-012024-08-3105823671core:OfficeEquipment2023-09-012024-08-3105823671core:NetGoodwill2023-09-012024-08-3105823671core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3105823671core:ListedExchangeTraded2023-09-012024-08-3105823671core:UnlistedNon-exchangeTraded2023-09-012024-08-3105823671core:MoreThanFiveYears2023-09-012024-08-3105823671core:Non-currentFinancialInstruments2024-08-3105823671core:Non-currentFinancialInstruments2023-08-3105823671dpl:CostSales2023-09-012024-08-3105823671dpl:DistributionCosts2023-09-012024-08-3105823671core:LandBuildings2023-09-012024-08-3105823671core:PlantMachinery2023-09-012024-08-3105823671core:Vehicles2023-09-012024-08-3105823671core:FurnitureFittings2023-09-012024-08-3105823671core:OfficeEquipment2023-09-012024-08-3105823671dpl:AdministrativeExpenses2023-09-012024-08-3105823671core:NetGoodwill2023-09-012024-08-3105823671core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3105823671dpl:GroupUndertakings2023-09-012024-08-3105823671dpl:ParticipatingInterests2023-09-012024-08-3105823671dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3105823671core:ListedExchangeTraded2023-09-012024-08-3105823671dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3105823671core:UnlistedNon-exchangeTraded2023-09-012024-08-3105823671dpl:CostSales2022-09-012023-08-3105823671dpl:DistributionCosts2022-09-012023-08-3105823671core:LandBuildings2022-09-012023-08-3105823671core:PlantMachinery2022-09-012023-08-3105823671core:Vehicles2022-09-012023-08-3105823671core:FurnitureFittings2022-09-012023-08-3105823671core:OfficeEquipment2022-09-012023-08-3105823671dpl:AdministrativeExpenses2022-09-012023-08-3105823671core:NetGoodwill2022-09-012023-08-3105823671core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3105823671dpl:GroupUndertakings2022-09-012023-08-3105823671dpl:ParticipatingInterests2022-09-012023-08-3105823671dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3105823671core:ListedExchangeTraded2022-09-012023-08-3105823671dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3105823671core:UnlistedNon-exchangeTraded2022-09-012023-08-3105823671core:NetGoodwill2024-08-3105823671core:IntangibleAssetsOtherThanGoodwill2024-08-3105823671core:LandBuildings2024-08-3105823671core:PlantMachinery2024-08-3105823671core:Vehicles2024-08-3105823671core:FurnitureFittings2024-08-3105823671core:OfficeEquipment2024-08-3105823671core:AfterOneYear2024-08-3105823671core:WithinOneYear2024-08-3105823671core:ListedExchangeTraded2024-08-3105823671core:UnlistedNon-exchangeTraded2024-08-3105823671core:ShareCapital2024-08-3105823671core:SharePremium2024-08-3105823671core:RevaluationReserve2024-08-3105823671core:OtherReservesSubtotal2024-08-3105823671core:RetainedEarningsAccumulatedLosses2024-08-3105823671core:NetGoodwill2023-08-3105823671core:IntangibleAssetsOtherThanGoodwill2023-08-3105823671core:LandBuildings2023-08-3105823671core:PlantMachinery2023-08-3105823671core:Vehicles2023-08-3105823671core:FurnitureFittings2023-08-3105823671core:OfficeEquipment2023-08-3105823671core:AfterOneYear2023-08-3105823671core:WithinOneYear2023-08-3105823671core:ListedExchangeTraded2023-08-3105823671core:UnlistedNon-exchangeTraded2023-08-3105823671core:ShareCapital2023-08-3105823671core:SharePremium2023-08-3105823671core:RevaluationReserve2023-08-3105823671core:OtherReservesSubtotal2023-08-3105823671core:RetainedEarningsAccumulatedLosses2023-08-3105823671core:NetGoodwill2022-09-0105823671core:IntangibleAssetsOtherThanGoodwill2022-09-0105823671core:LandBuildings2022-09-0105823671core:PlantMachinery2022-09-0105823671core:Vehicles2022-09-0105823671core:FurnitureFittings2022-09-0105823671core:OfficeEquipment2022-09-0105823671core:AfterOneYear2022-09-0105823671core:WithinOneYear2022-09-0105823671core:ListedExchangeTraded2022-09-0105823671core:UnlistedNon-exchangeTraded2022-09-0105823671core:ShareCapital2022-09-0105823671core:SharePremium2022-09-0105823671core:RevaluationReserve2022-09-0105823671core:OtherReservesSubtotal2022-09-0105823671core:RetainedEarningsAccumulatedLosses2022-09-0105823671core:AfterOneYear2023-09-012024-08-3105823671core:WithinOneYear2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3105823671core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3105823671core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3105823671core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3105823671core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3105823671core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3105823671core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3105823671core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3105823671core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3105823671core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3105823671core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3105823671core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3105823671bus:Director12023-09-012024-08-3105823671core:FurnitureFittingsToolsEquipment2023-08-3105823671core:FurnitureFittingsToolsEquipment2023-09-012024-08-3105823671core:FurnitureFittingsToolsEquipment2024-08-31

ELECTRORAD U.K. LIMITED

Registered Number
05823671
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

ELECTRORAD U.K. LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

BROWN, Richard David

Registered Address

5-7 Railsfield Rise
Leeds
LS13 3SA

Registered Number

05823671 (England and Wales)
ELECTRORAD U.K. LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,015,381995,358
1,015,381995,358
Current assets
Stocks4875,576655,113
Debtors5361,693448,837
Cash at bank and on hand1,684,4771,594,196
2,921,7462,698,146
Creditors amounts falling due within one year6(498,081)(439,731)
Net current assets (liabilities)2,423,6652,258,415
Total assets less current liabilities3,439,0463,253,773
Creditors amounts falling due after one year7(4,387)(4,986)
Net assets3,434,6593,248,787
Capital and reserves
Called up share capital1,0001,000
Profit and loss account3,433,6593,247,787
Shareholders' funds3,434,6593,248,787
The financial statements were approved and authorised for issue by the Director on 27 May 2025, and are signed on its behalf by:
BROWN, Richard David
Director
Registered Company No. 05823671
ELECTRORAD U.K. LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings50
Plant and machinery4
Fixtures and fittings4
Vehicles4
Office Equipment4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
2.Average number of employees

20242023
Average number of employees during the year1413
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 September 23919,37534,355175,67543,42710,3871,183,219
Additions-225156,589-1,243158,057
Disposals--(105,833)--(105,833)
At 31 August 24919,37534,580226,43143,42711,6301,235,443
Depreciation and impairment
At 01 September 2321,15318,397113,63725,8748,800187,861
Charge for year18,3884,61130,0365,6201,00459,659
On disposals--(27,458)--(27,458)
At 31 August 2439,54123,008116,21531,4949,804220,062
Net book value
At 31 August 24879,83411,572110,21611,9331,8261,015,381
At 31 August 23898,22215,95862,03817,5531,587995,358
4.Stocks
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of financial position, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Statement of Earnings.

2024

2023

££
Finished goods875,576655,113
Total875,576655,113
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables305,974416,663
Other debtors976416
Prepayments and accrued income54,74331,758
Total361,693448,837
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables202,594115,148
Taxation and social security192,669175,899
Other creditors68,76072,845
Accrued liabilities and deferred income34,05875,839
Total498,081439,731
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Other creditors4,3874,986
Total4,3874,986
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
8.Related party transactions
At 1st September 2023, the company owed the director £12,259 (2022 - £6,014). During the period the director was provided loan advances of £84,605 and the company was repaid £80,218. At 31st August 2024 the company owed the director £16,646 (2023 - £12,259).