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REGISTERED NUMBER: 07069664 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

ELCOM PROJECTS LIMITED

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELCOM PROJECTS LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr L O'Toole
Mr N Deakin





REGISTERED OFFICE: Ground Floor
Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 07069664 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

Balance Sheet
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 50,701 59,358

CURRENT ASSETS
Stocks 2,500 1,000
Debtors 5 526,101 215,578
Cash at bank 74,067 33,627
602,668 250,205
CREDITORS
Amounts falling due within one year 6 324,161 98,035
NET CURRENT ASSETS 278,507 152,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,208

211,528

CREDITORS
Amounts falling due after more than one year 7 (6,667 ) (16,612 )

PROVISIONS FOR LIABILITIES 9 (11,853 ) -
NET ASSETS 310,688 194,916

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 310,588 194,816
310,688 194,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

Balance Sheet - continued
30 NOVEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:





Mr L O'Toole - Director


ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Elcom Projects 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.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 11 ) .

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 December 2023 31,357 61,200 92,557
Additions 5,514 3,500 9,014
Disposals (6,890 ) - (6,890 )
At 30 November 2024 29,981 64,700 94,681
DEPRECIATION
At 1 December 2023 15,933 17,266 33,199
Charge for year 5,044 12,406 17,450
Eliminated on disposal (6,669 ) - (6,669 )
At 30 November 2024 14,308 29,672 43,980
NET BOOK VALUE
At 30 November 2024 15,673 35,028 50,701
At 30 November 2023 15,424 43,934 59,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Trade debtors 149,194 32,410
Other debtors 190,243 12,764
Value added tax 48,726 -
Prepayments and accrued income 137,938 170,404
526,101 215,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Bank loans and overdrafts (see note 8) 10,000 10,043
Trade creditors 161,809 45,573
Corporation tax 92,558 12,027
Social security and other taxes - 3,193
Value added tax - 14,494
Other creditors 27,348 12,665
Director's current account 17,098 40
Accruals and deferred income 15,348 -
324,161 98,035

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£ £
Bank loans (see note 8) 6,667 16,612

ELCOM PROJECTS LIMITED (REGISTERED NUMBER: 07069664)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£ £
Amounts falling due within one year or on demand:
Bank loans 10,000 10,043

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,667 16,612

The bank loans are secured by legal charges over the assets of the company.

9. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£ £
Deferred tax 11,853 -

Deferred tax
£
Provided during year 11,853
Balance at 30 November 2024 11,853