REGISTERED NUMBER: 03435974 (England and Wales)

ELECTRA POLYMERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E N Heesom

S Tibbals

C I Wall

Mrs W M D Heesom

J R Heesom

Ms S J Large

SECRETARY:

Ms S J Large

REGISTERED OFFICE:

Roughway Mill

Dunks Green

Tonbridge

Kent

TN11 9SG

REGISTERED NUMBER:

03435974 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Chartered Accountants

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Intangible assets

4

207,833

154,078

Tangible assets

5

452,659

374,554

660,492

528,632

CURRENT ASSETS

Stocks

1,242,423

1,161,608

Debtors

3,317,447

2,971,256

Cash at bank and in hand

989,004

1,762,679

5,548,874

5,895,543

CREDITORS

Amounts falling due within one year

857,886

1,411,374

NET CURRENT ASSETS

4,690,988

4,484,169

TOTAL ASSETS LESS CURRENT LIABILITIES

5,351,480

5,012,801

CREDITORS

Amounts falling due after more than one year

27,908

82,311

NET ASSETS

5,323,572

4,930,490

CAPITAL AND RESERVES

Called up share capital

1,000,000

1,000,000

Retained earnings

4,323,572

3,930,490

SHAREHOLDERS' FUNDS

5,323,572

4,930,490

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2025 and were signed on its behalf by:

E N Heesom - Director

1.	STATUTORY INFORMATION

Electra Polymers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 value of the consideration received or receivable, net of discounts and value added taxes, for the sale of goods. Turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Intangible fixed assets

Intangible fixed assets represent development costs of products. The development costs will be amortised over the estimated economic life of the products. This at present is estimated to be 10 years, but this projected economic life will be subject to annual review.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

498,542

Additions

84,552

Disposals

(525

)

At 31 January 2025

582,569

AMORTISATION

At 1 February 2024

344,464

Amortisation for year

30,324

Eliminated on disposal

(52

)

At 31 January 2025

374,736

NET BOOK VALUE

At 31 January 2025

207,833

At 31 January 2024

154,078

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

388,315

Additions

93,741

At 31 January 2025

482,056

DEPRECIATION

At 1 February 2024

13,761

Charge for year

15,636

At 31 January 2025

29,397

NET BOOK VALUE

At 31 January 2025

452,659

At 31 January 2024

374,554