Grand Elektra Entertainments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10097750

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,448		3,140

			2,448		3,140
CURRENT ASSETS
Stocks	5	10,000		15,000
Debtors	6	30,618		36,524
Cash at bank and in hand		53,574		61,994

		94,192		113,518
Creditors: Amounts Falling Due Within One Year	7	(189,155 )		(235,060 )

NET CURRENT ASSETS (LIABILITIES)			(94,963 )		(121,542 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(92,515 )		(118,402 )

Creditors: Amounts Falling Due After More Than One Year	8		(23,958 )		(29,513 )

NET LIABILITIES			(116,473 )		(147,915 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(116,573 )		(148,015 )

SHAREHOLDERS' FUNDS			(116,473)		(147,915)

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Grand Elektra Entertainments Limited

Balance Sheet (continued)

As At 31 December 2024

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Mandry

Director

26/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Grand Elektra Entertainments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10097750 . The registered office is C/O Swann Accounting Limited First Floor Offices, Hastings Fishmarket, Rock-A-Nore Road, Hastings, East Sussex, TN34 3DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	33% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 12)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	4,695	7,203	1,400	13,298

As at 31 December 2024	4,695	7,203	1,400	13,298

Depreciation
As at 1 January 2024	3,097	5,921	1,140	10,158
Provided during the period	240	192	260	692

As at 31 December 2024	3,337	6,113	1,400	10,850

...CONTINUED

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Grand Elektra Entertainments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	1,358	1,090	-	2,448

As at 1 January 2024	1,598	1,282	260	3,140

5. Stocks

	2024	2023
	£	£
Stock	10,000	15,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,580	1,580
Other debtors	29,038	34,944

	30,618	36,524

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	170,587	206,698
Bank loans and overdrafts	6,600	6,600
Other creditors	9,051	13,220
Taxation and social security	2,917	8,542

	189,155	235,060

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	23,958	29,513

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

A directors loan account exists to which there are no terms attached. At the year end the company owed the director £7,402 (2023: £11,119) which is repayable on demand.

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