BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is that of public relations and communications activities 30 April 2025 9 6 11645227 2024-12-31 11645227 2023-12-31 11645227 2022-12-31 11645227 2024-01-01 2024-12-31 11645227 2023-01-01 2023-12-31 11645227 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11645227 uk-curr:PoundSterling 2024-01-01 2024-12-31 11645227 uk-bus:FullAccounts 2024-01-01 2024-12-31 11645227 uk-bus:Director1 2024-01-01 2024-12-31 11645227 uk-bus:RegisteredOffice 2024-01-01 2024-12-31 11645227 uk-bus:Agent1 2024-01-01 2024-12-31 11645227 uk-core:ShareCapital 2024-12-31 11645227 uk-core:ShareCapital 2023-12-31 11645227 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 11645227 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 11645227 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 11645227 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 11645227 uk-bus:FRS102 2024-01-01 2024-12-31 11645227 uk-core:CurrentFinancialInstruments 2024-12-31 11645227 uk-core:CurrentFinancialInstruments 2023-12-31 11645227 uk-core:WithinOneYear 2024-12-31 11645227 uk-core:WithinOneYear 2023-12-31 11645227 uk-core:ParentEntities 2024-01-01 2024-12-31 11645227 uk-countries:UnitedKingdom 2024-01-01 2024-12-31 11645227 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 11645227
 
 
Electica Ltd
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 31 December 2024
Electica Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Valerio Riavez
 
 
Company Registration Number 11645227
 
 
Registered Office and Business Address 5 Brayford Square
London
E1 0SG
United Kingdom
 
 
Accountants Muldoon
16 Mount Charles
Belfast
BT7 1NZ
Northern Ireland



Electica Ltd
DIRECTOR'S REPORT
for the financial year ended 31 December 2024

 
The director presents his report and the unaudited financial statements for the financial year ended 31 December 2024.
     
Director
The director who served during the financial year is as follows:
     
Mr. Valerio Riavez
   
There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.
     
In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Mr. Valerio Riavez
Director
     
30 April 2025



Electica Ltd
PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2024
2024 2023
Notes £ £

Turnover 7,187,541 3,595,928
 
Cost of sales (2,846,631) (949,662)
───────── ─────────
Gross profit 4,340,910 2,646,266
 
Administrative expenses (4,024,109) (2,342,533)
───────── ─────────
Operating profit 316,801 303,733
 
Interest receivable and similar income 783 -
Interest payable and similar expenses (7) -
───────── ─────────
Profit before taxation 317,577 303,733
 
Tax on profit (93,517) (73,404)
───────── ─────────
Profit for the financial year 224,060 230,329
    ═════════   ═════════



Electica Ltd
Company Registration Number: 11645227
BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Current Assets
Receivables 4 509,658 759,172
Cash and cash equivalents 2,860,420 873,227
───────── ─────────
3,370,078 1,632,399
───────── ─────────
Payables: amounts falling due within one year 5 (3,077,703) (1,564,084)
───────── ─────────
Net Current Assets 292,375 68,315
───────── ─────────
Total Assets less Current Liabilities 292,375 68,315
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 292,373 68,313
───────── ─────────
Shareholders' Funds 292,375 68,315
═════════ ═════════
 
The financial statements have been prepared 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).
           
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 30 April 2025
           
           
________________________________          
Mr. Valerio Riavez          
Director          
           



Electica Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
Electica Ltd is a company limited by shares incorporated and registered in England.. The registered number of the company is 11645227. The registered office of the company is 5 Brayford Square, London, E1 0SG, United Kingdom which is also the principal place of business of the company. The principal activity of the business is that of public relations and communications activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Employee 9 6
  ═════════ ═════════
       
4. Receivables 2024 2023
  £ £
 
Trade receivables 110,825 312,322
Amounts owed by connected parties (Note 8) - 411,552
Director's current account (Note ) 1,970 -
Taxation  (Note 6) - 4,924
Prepayments and accrued income 396,863 30,374
  ───────── ─────────
  509,658 759,172
  ═════════ ═════════
       
5. Payables 2024 2023
Amounts falling due within one year £ £
 
Trade payables 9,221 17,255
Amounts owed to group undertakings - 300,000
Amounts owed to connected parties (Note 8) 2,801,524 1,119,240
Taxation  (Note 6) 180,577 95,831
Director's current account - 20,000
Other creditors 76,059 -
Accruals 10,322 11,758
  ───────── ─────────
  3,077,703 1,564,084
  ═════════ ═════════
       
6. Taxation 2024 2023
  £ £
 
Receivables:
VAT - 4,924
  ═════════ ═════════
Payables:
VAT 14,740 -
Corporation tax 93,047 76,361
PAYE / NI 70,258 19,470
Pensions Payable 2,532 -
  ───────── ─────────
  180,577 95,831
  ═════════ ═════════
       
7. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2024.
       
8. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
  Balance Balance
  2024 2023
  £ £
 
Electica LLC - 411,552
  ───────── ─────────
 
The following amounts are due to other connected parties:
  2024 2023
  £ £
 
Electica LLC 538,873 -
Electica Europe 2,262,651 1,119,240
  ───────── ─────────
  2,801,524 1,119,240
  ═════════ ═════════
   
9. Parent company
 
The company regards New Comms Holdings Ltd as its parent company.
 
The parent of the largest group in which the results are consolidated is New Comms Holdings Ltd.
New Comms Holdings Ltd is registered in United Kingdom.
 
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.