Company Registration No. 04993919 (England and Wales)
CITI ELECTRICS LTD
Unaudited accounts
for the year ended 31 December 2024
CITI ELECTRICS LTD
Unaudited accounts
Contents
CITI ELECTRICS LTD
Company Information
for the year ended 31 December 2024
Company Number
04993919 (England and Wales)
Registered Office
31 Worcester Road
Uxbridge
UB83TH
England
Accountants
A D Pottie & Co Ltd
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
CITI ELECTRICS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
4,159
7,421
Cash at bank and in hand
14,716
50,651
Creditors: amounts falling due within one year
(23,876)
(37,329)
Net current assets
192,310
194,505
Net assets
196,469
201,926
Called up share capital
10
10
Profit and loss account
196,459
201,916
Shareholders' funds
196,469
201,926
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2025 and were signed on its behalf by
Peter Moore
Director
Company Registration No. 04993919
CITI ELECTRICS LTD
Notes to the Accounts
for the year ended 31 December 2024
CITI ELECTRICS LTD is a private company, limited by shares, registered in England and Wales, registration number 04993919. The registered office is 31 Worcester Road, Uxbridge, UB83TH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% per annum reducing balance
Motor vehicles
20% per annum reducing balance
Fixtures & fittings
20% per annum reducing balance
Computer equipment
20% per annum of cost
CITI ELECTRICS LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
612
15,500
1,182
1,050
18,344
Disposals
-
(10,000)
-
-
(10,000)
At 31 December 2024
612
5,500
1,182
1,050
8,344
At 1 January 2024
594
9,002
1,064
263
10,923
Charge for the year
4
1,099
18
263
1,384
On disposals
-
(8,122)
-
-
(8,122)
At 31 December 2024
598
1,979
1,082
526
4,185
At 31 December 2024
14
3,521
100
524
4,159
At 31 December 2023
18
6,498
118
787
7,421
Amounts falling due within one year
Trade debtors
35,085
21,005
Other debtors
166,385
160,178
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,652
15,925
At the 31 December 2024 the director owed the company £166,385 (2023, £160,177)
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).