1 January 2024 false No description of principal activity Taxfiler 2024.6 09364080business:PrivateLimitedCompanyLtd2024-01-012024-12-31 093640802023-12-31 093640802024-01-012024-12-31 09364080business:AuditExemptWithAccountantsReport2024-01-012024-12-31 09364080business:FilletedAccounts2024-01-012024-12-31 093640802024-12-31 09364080business:Director12024-01-012024-12-31 09364080business:RegisteredOffice2024-01-012024-12-31 093640802023-12-31 09364080core:WithinOneYear2024-12-31 09364080core:WithinOneYear2023-12-31 09364080core:AfterOneYear2024-12-31 09364080core:AfterOneYear2023-12-31 09364080core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 09364080core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 09364080core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 09364080core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09364080core:PreviouslyStatedAmount2024-12-31 09364080core:PreviouslyStatedAmount2023-12-31 09364080business:SmallEntities2024-01-012024-12-31 09364080countries:EnglandWales2024-01-012024-12-31 09364080core:PlantMachinery2024-01-012024-12-31 09364080core:MotorVehicles2024-01-012024-12-31 09364080core:PlantMachinery2023-12-31 09364080core:MotorVehicles2023-12-31 09364080core:PlantMachinery2024-12-31 09364080core:MotorVehicles2024-12-31 093640802023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09364080 (England and Wales)
ELB Electrical (Gloucester) Ltd Unaudited accounts for the year ended 31 December 2024
ELB Electrical (Gloucester) Ltd Unaudited accounts Contents
Page
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ELB Electrical (Gloucester) Ltd Company Information for the year ended 31 December 2024
Director
Eugene Beckinsale
Company Number
09364080 (England and Wales)
Registered Office
Unit 19.10 Highnam Business Centre Highnam Gloucester GL2 8DN England
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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ELB Electrical (Gloucester) Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,196 
27,294 
Current assets
Inventories
5,000 
5,000 
Debtors
106,020 
101,019 
Cash at bank and in hand
7,173 
1,787 
118,193 
107,806 
Creditors: amounts falling due within one year
(73,428)
(51,672)
Net current assets
44,765 
56,134 
Total assets less current liabilities
62,961 
83,428 
Creditors: amounts falling due after more than one year
(59,472)
(81,707)
Provisions for liabilities
Deferred tax
(3,457)
(5,186)
Net assets/(liabilities)
32 
(3,465)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(68)
(3,565)
Shareholders' funds
32 
(3,465)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 30 May 2025 and were signed on its behalf by
Eugene Beckinsale Director Company Registration No. 09364080
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ELB Electrical (Gloucester) Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ELB Electrical (Gloucester) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09364080. The registered office is Unit 19.10 Highnam Business Centre, Highnam, Gloucester, GL2 8DN, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
20% Straight Line
Motor vehicles
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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ELB Electrical (Gloucester) Ltd Notes to the Accounts for the year ended 31 December 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
3,714 
45,490 
49,204 
Disposals
(3,714)
- 
(3,714)
At 31 December 2024
- 
45,490 
45,490 
Depreciation
At 1 January 2024
3,714 
18,196 
21,910 
Charge for the year
- 
9,098 
9,098 
On disposals
(3,714)
- 
(3,714)
At 31 December 2024
- 
27,294 
27,294 
Net book value
At 31 December 2024
- 
18,196 
18,196 
At 31 December 2023
- 
27,294 
27,294 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,307 
4,740 
Other debtors
98,713 
96,279 
106,020 
101,019 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,900 
14,363 
VAT
16,520 
9,700 
Obligations under finance leases and hire purchase contracts
9,336 
8,653 
Trade creditors
7,476 
- 
Amounts owed to group undertakings and other participating interests
13,394 
8,996 
Taxes and social security
13,624 
8,660 
Accruals
178 
1,300 
73,428 
51,672 
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ELB Electrical (Gloucester) Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
47,643 
60,542 
Obligations under finance leases and hire purchase contracts
11,829 
21,165 
59,472 
81,707 
8
Average number of employees
During the year the average number of employees was 1 (2023: 3).
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