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ELECTROSTATICS LIMITED

Registered Number
04784367
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

ELECTROSTATICS LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

COLLIER, Elizabeth Clare
JONES, Anthony Paul
SMEED, Craig

Registered Address

Unit 5a Charnwood Park, Clos
Marion, Cardiff
CF10 4LJ

Registered Number

04784367 (England and Wales)
ELECTROSTATICS LIMITED
Statement of Financial Position
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets396,92892,793
96,92892,793
Current assets
Stocks5,5005,500
Debtors476,58787,740
Cash at bank and on hand112,976163,612
195,063256,852
Creditors amounts falling due within one year5(179,810)(215,719)
Net current assets (liabilities)15,25341,133
Total assets less current liabilities112,181133,926
Creditors amounts falling due after one year6(45,521)(52,381)
Provisions for liabilities(10,113)(8,797)
Net assets56,54772,748
Capital and reserves
Called up share capital100100
Profit and loss account56,44772,648
Shareholders' funds56,54772,748
The financial statements were approved and authorised for issue by the Board of Directors on 4 August 2025, and are signed on its behalf by:
JONES, Anthony Paul
Director
Registered Company No. 04784367
ELECTROSTATICS LIMITED
Notes to the Financial Statements
for the year ended 30 November 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings15
Plant and machinery3
Vehicles4
Office Equipment5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year1615
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 December 2324,92048,976179,72110,91712,332276,866
Additions-4,45336,990--41,443
Disposals-(5,271)(23,500)--(28,771)
At 30 November 2424,92048,158193,21110,91712,332289,538
Depreciation and impairment
At 01 December 2323,69042,72594,76410,91711,977184,073
Charge for year1343,73233,087-35537,308
On disposals-(5,271)(23,500)--(28,771)
At 30 November 2423,82441,186104,35110,91712,332192,610
Net book value
At 30 November 241,0966,97288,860--96,928
At 30 November 231,2306,25184,957-35592,793
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables67,96982,942
Other debtors8,6184,798
Total76,58787,740
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables42,74035,862
Bank borrowings and overdrafts10,2009,700
Amounts owed to related parties2,8482,848
Taxation and social security56,02343,659
Finance lease and HP contracts26,95917,711
Other creditors32,99296,767
Accrued liabilities and deferred income8,0489,172
Total179,810215,719
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,05917,785
Other creditors38,46234,596
Total45,52152,381
7.Controlling party
The parent company is V & A Coatings Limited which owns 100% of the company.