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Registered number: 07012412
Elecmac Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
MSB & Co Canvey Island Limited
Accountants and Tax Advisors
14 Furtherwick Road
Canvey Island
Essex
SS8 7AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07012412
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,522 919
1,522 919
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 74,460 134,895
Cash at bank and in hand 99,409 -
175,869 136,895
Creditors: Amounts Falling Due Within One Year 7 (76,158 ) (61,649 )
NET CURRENT ASSETS (LIABILITIES) 99,711 75,246
TOTAL ASSETS LESS CURRENT LIABILITIES 101,233 76,165
Creditors: Amounts Falling Due After More Than One Year 8 (10,556 ) (12,385 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (289 ) (175 )
NET ASSETS 90,388 63,605
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 90,378 63,595
SHAREHOLDERS' FUNDS 90,388 63,605
Page 1
Page 2
For the year ending 31 August 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Brown
Director
22nd May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elecmac Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07012412 . The registered office is 14 Furtherwick Road, Canvey Island, Essex, SS8 7AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was two.
2025 2024
Office and administration 4 2
4 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2024 1,626
Additions 1,032
Disposals (588 )
As at 31 August 2025 2,070
Depreciation
As at 1 September 2024 707
Provided during the period 429
Disposals (588 )
As at 31 August 2025 548
Net Book Value
As at 31 August 2025 1,522
As at 1 September 2024 919
5. Stocks
2025 2024
£ £
Materials 2,000 2,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 63,998 20,050
Prepayments and accrued income 3,380 106,047
VAT 7,082 8,798
74,460 134,895
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 15,336 22,879
Bank loans and overdrafts 4,163 7,102
Corporation tax 17,313 7,224
PAYE control 6,936 7,907
VAT suspense (2,481 ) (5,624 )
Other creditors - Ross Brown 3,000 1,000
Accruals and deferred income 31,845 8,685
Directors' loan accounts 46 12,476
76,158 61,649
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bounce back Loan 10,556 12,385
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
8 Ordinary A shares of £ 1.00 each 8 8
10 10
10. Ultimate Controlling Party
The company's ultimate controlling parties are the directors, by virtue of their ownership of all of the issued share capital in the company.
Page 5