ACCOUNTS - Final Accounts preparation

Registered number: 08491233

ELECTROSPA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

ELECTROSPA LIMITED

REGISTERED NUMBER: 08491233

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		712		-
Investments	6		923,034		762,253
			923,746		762,253
Current assets
Debtors: amounts falling due within one year	7	1,220,896		1,127,032
Cash at bank and in hand	8	25,073		48,216
		1,245,969		1,175,248
Creditors: amounts falling due within one year	9	(149,968)		(200,200)
Net current assets			1,096,001		975,048
Total assets less current liabilities			2,019,747		1,737,301

Net assets			2,019,747		1,737,301

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		2,019,647	1,737,201
		2,019,747	1,737,301

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ELECTROSPA LIMITED

REGISTERED NUMBER: 08491233

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P M Wheatcroft

Director

Date: 27 September 2025

The notes on pages 3 to 7 form part of these financial statements.

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ELECTROSPA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Electrospa Limited, 08491233, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address and principal place of business at Mayflower House, Bodmin
Road, Coventry, CV2 5DB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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ELECTROSPA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

ELECTROSPA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 January 2024	20,000
	At 31 December 2024	20,000
	Amortisation
	At 1 January 2024	20,000
	At 31 December 2024	20,000
	Net book value
	At 31 December 2024	-
	At 31 December 2023	-

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ELECTROSPA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	Additions	890
	At 31 December 2024	890
	Depreciation
	Charge for the year on owned assets	178
	At 31 December 2024	178
	Net book value
	At 31 December 2024	712
	At 31 December 2023	-

6.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 January 2024	762,253
	Additions	569,520
	Disposals	(408,739)
	At 31 December 2024	923,034

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ELECTROSPA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	1,220,896	1,127,032
	1,220,896	1,127,032

8.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	25,073	48,216
	25,073	48,216

9.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	2,220	-
Taxation and other social security	145,967	198,324
Other creditors	826	826
Accruals and deferred income	955	1,050
	149,968	200,200

10.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

50 (2023 - 50) Ordinary A shares of £1.00 each	50	50
50 (2023 - 50) Ordinary B shares of £1.00 each	50	50

	100	100

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