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Company Registration No. 06224507 (England and Wales)
Electrack Limited Unaudited accounts for the year ended 30 April 2025
Electrack Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Electrack Limited Company Information for the year ended 30 April 2025
Director
Ivan Iliev
Company Number
06224507 (England and Wales)
Registered Office
48 WESTCROFT GARDENS MORDEN SURREY SM4 4DL ENGLAND
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Electrack Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
209
417
Current assets
Debtors
5
654
5,843
Cash at bank and in hand
20,555
21,338
21,209
27,181
Creditors: amounts falling due within one year
6
(16,568)
(15,697)
Net current assets
4,641
11,484
Net assets
4,850
11,901
Capital and reserves
Called up share capital
1
1
Profit and loss account
4,849
11,900
Shareholders' funds
4,850
11,901
For the year ending 30 April 2025 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 26 January 2026 and were signed on its behalf by
Ivan Iliev Director Company Registration No. 06224507
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Electrack Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Electrack Limited is a private company, limited by shares, registered in England and Wales, registration number 06224507. The registered office is 48 WESTCROFT GARDENS, MORDEN, SURREY, SM4 4DL, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
25% Straight line
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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Electrack Limited Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 May 2024
4,718
At 30 April 2025
4,718
Depreciation
At 1 May 2024
4,301
Charge for the year
208
At 30 April 2025
4,509
Net book value
At 30 April 2025
209
At 30 April 2024
417
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
5,189
Other debtors
654
654
654
5,843
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
10,159
9,594
Loans from directors
5,737
5,753
Accruals
672
350
16,568
15,697
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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