REGISTERED NUMBER: 04611673 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ROBELEC LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Robinson

SECRETARY:

M Robinson

REGISTERED OFFICE:

127 Beanacre

Melksham

Wiltshire

SN12 7PU

REGISTERED NUMBER:

04611673 (England and Wales)

ACCOUNTANTS:

Graham Barber Accountancy Limited

18 Minster Way

Bath

BA2 6RH

BANKERS:

Barclays Bank plc

20 Bank Street

Melksham

Wiltshire

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,897

34,367

23,897

34,367

CURRENT ASSETS

Debtors

159,731

144,135

Cash at bank

24,255

10,000

183,986

154,135

CREDITORS

Amounts falling due within one year

(150,749

)

(104,288

)

NET CURRENT ASSETS

33,237

49,847

TOTAL ASSETS LESS CURRENT LIABILITIES

57,134

84,214

CREDITORS

Amounts falling due after more than one year

(35,085

)

(62,657

)

PROVISIONS FOR LIABILITIES

(4,288

)

(6,487

)

NET ASSETS

17,761

15,070

CAPITAL AND RESERVES

Called up share capital

7

20

20

Retained earnings

8

17,741

15,050

SHAREHOLDERS' FUNDS

17,761

15,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 December 2025 and were signed by:

M Robinson - Director

1.	STATUTORY INFORMATION

Robelec 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, and on the basis that the company will continue as a going concern, which following the loss for the year is dependent on an improvement in trading conditions.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

30,000

AMORTISATION

At 1 January 2024

and 31 December 2024

30,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

262,888

Additions

9,370

At 31 December 2024

272,258

DEPRECIATION

At 1 January 2024

228,521

Charge for year

19,840

At 31 December 2024

248,361

NET BOOK VALUE

At 31 December 2024

23,897

At 31 December 2023

34,367

6.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

13,371

10,285

Bounce back loan

9,100

6,067

Invoice finance loan

4,255

7,015

26,726

23,367

Amounts falling due between one and two years:

Bank loans - 1-2 years

14,801

11,089

Bounce back loan

9,100

9,100

23,901

20,189

Amounts falling due between two and five years:

Bank loans - 2-5 years

7,956

27,107

Bounce back loan

3,228

15,361

11,184

42,468

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20

Ordinary

£1

20

20

8.

RESERVES

Retained

earnings

£

At 1 January 2024

15,050

Profit for the year

62,691

Dividends

(60,000

)

At 31 December 2024

17,741

9.	OTHER FINANCIAL COMMITMENTS

Outstanding pension contributions at 31 December 2024 were £950 (2023 £1,216).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

M Robinson

Balance outstanding at start of year

159,159

133,083

Amounts advanced

102,043

108,998

Amounts repaid

(86,428

)

(82,922

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

174,774

159,159