The Electric Design Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02613425 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

THE ELECTRIC DESIGN COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B M Kennedy

Mrs J D Kennedy

SECRETARY:

Mrs J D Kennedy

REGISTERED OFFICE:

Green Top Barn

Holme House Lane

Oakworth

West Yorkshire

BD22 0QX

REGISTERED NUMBER:

02613425 (England and Wales)

ACCOUNTANTS:

Baty Casson Long

6 Lascelles Road

Harrogate

HG2 0LA

FIXED ASSETS

Tangible assets

4

-

4,093

Investments

5

2

Investment property

6

-

334,033

2

338,128

CURRENT ASSETS

Stocks

7

580

1,200

Debtors

8

12,049

9,558

Cash at bank

189,142

-

201,771

10,758

CREDITORS

Amounts falling due within one year

9

28,548

79,125

NET CURRENT ASSETS/(LIABILITIES)

173,223

(68,367

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

173,225

269,761

CREDITORS

Amounts falling due after more than one
year

10

-

(37,456

)

PROVISIONS FOR LIABILITIES

-

(777

)

NET ASSETS

173,225

231,528

CAPITAL AND RESERVES

Called up share capital

11

3,000

Capital redemption reserve

12

6,000

Retained earnings

12

164,225

222,528

SHAREHOLDERS' FUNDS

173,225

231,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

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 5 September 2025 and were signed on its behalf by:

B M Kennedy - Director

1.	STATUTORY INFORMATION

The Electric Design Company 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 represents amounts receivable for goods and services supplied, net of Value Added Tax.

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks excluding work in progress are stated at the lower of cost or net realisable value. In establishing cost, stocks at the period end are taken to represent latest purchases. Net realisable value is based on estimated selling price after taking into account all further costs expected to be incurred on completion and disposal. Work in progress is valued at selling price on a part-completed basis.

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 scheme for the benefit of the directors. Contributions are charged to the profit and loss account as an when made. The pension costs for the period amounted to £nil (2024: £nil). Contributions reported are in respect of one director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2024

47,927

Disposals

(45,668

)

At 31 July 2025

2,259

DEPRECIATION

At 1 August 2024

43,834

Charge for year

159

Eliminated on disposal

(41,734

)

At 31 July 2025

2,259

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

4,093

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

and 31 July 2025

2

NET BOOK VALUE

At 31 July 2025

2

At 31 July 2024

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

334,033

Disposals

(334,033

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

334,033

7.

STOCKS

31.7.25

31.7.24

£

Work-in-progress

580

1,200

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

8,965

6,255

Prepayments and accrued income

3,084

3,303

12,049

9,558

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

5,000

36,095

Trade creditors

2,287

2,571

Tax

(2,326

)

5,687

Social security and other taxes

3,583

11,613

Director's current account

373

157

Accruals and deferred income

19,631

23,002

28,548

79,125

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans - 2-5 years

-

37,456

Bank loans and overdrafts of £5,000 are secured by a mortgage deed in favour of Lloyds Bank plc creating fixed and floating charges over all of the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

3,000

ordinary

£1

3,000

12.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 August 2024

222,528

6,000

228,528

Deficit for the year

(15,303

)

(15,303

)

Dividends

(43,000

)

(43,000

)

At 31 July 2025

164,225

6,000

170,225

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr B M Kennedy.

14.	GROUP ACCOUNTS

The company has taken an option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements incorporating its wholly owned dormant subsidiary: The Electric Artwork Company Limited. The accounts therefore contain information about the company only as an individual company. At 31st July 2025 the aggregate share capital and reserves of The Electric Artwork Company Limited was £2.