REGISTERED NUMBER: 03284096 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ELECTRA FIT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J V Watson

REGISTERED OFFICE:

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

BUSINESS ADDRESS:

37 Elm Avenue

Caddington

Bedfordshire

LU1 4HS

REGISTERED NUMBER:

03284096 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

4

145,982

157,747

CURRENT ASSETS

Stocks

5

55,806

55,147

Debtors

6

116,250

118,053

Cash at bank and in hand

35,085

103,489

207,141

276,689

CREDITORS

Amounts falling due within one year

7

114,536

127,943

NET CURRENT ASSETS

92,605

148,746

TOTAL ASSETS LESS CURRENT LIABILITIES

238,587

306,493

CREDITORS

Amounts falling due after more than one year

8

(74,707

)

(72,105

)

PROVISIONS FOR LIABILITIES

11

-

(2,427

)

NET ASSETS

163,880

231,961

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

163,780

231,861

SHAREHOLDERS' FUNDS

163,880

231,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 23 September 2026 and were signed by:

Mr J V Watson - Director

1.	STATUTORY INFORMATION

Electra Fit 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 fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Improvements to property

-

not provided

Plant and machinery

-

Balance written off in year

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

The freehold property and improvements to property are being depreciated to their estimated residual value over their deemed useful economic life.The director believes the residual value to be at least the current carrying value in these accounts and therefore the depreciation would be negligible. The maintenance costs are charged to the profit and loss account in the year incurred. The director reviews the estimated residual value at the end of each accounting year.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2025

29,363

9,314

9,536

Additions

-

-

934

At 31 March 2026

29,363

9,314

10,470

DEPRECIATION

At 1 April 2025

-

-

9,536

Charge for year

-

-

234

At 31 March 2026

-

-

9,770

NET BOOK VALUE

At 31 March 2026

29,363

9,314

700

At 31 March 2025

29,363

9,314

-

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

22,811

195,616

65,508

332,148

Additions

-

17,989

-

18,923

At 31 March 2026

22,811

213,605

65,508

351,071

DEPRECIATION

At 1 April 2025

20,039

86,682

58,144

174,401

Charge for year

416

27,608

2,430

30,688

At 31 March 2026

20,455

114,290

60,574

205,089

NET BOOK VALUE

At 31 March 2026

2,356

99,315

4,934

145,982

At 31 March 2025

2,772

108,934

7,364

157,747

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

124,330

Additions

17,989

At 31 March 2026

142,319

DEPRECIATION

At 1 April 2025

46,624

Charge for year

19,801

At 31 March 2026

66,425

NET BOOK VALUE

At 31 March 2026

75,894

At 31 March 2025

77,706

5.

STOCKS

2026

2025

£

£

Stock and work in progress

55,806

55,147

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

81,329

65,254

Other debtors

6,626

40,956

Tax

20,829

-

Prepayments

7,466

11,843

116,250

118,053

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,611

10,000

Hire purchase contracts (see note 9)

10,329

10,329

Trade creditors

57,871

35,149

Corporation tax

1,956

8,370

Taxation and social security

29,731

48,266

Accruals

12,038

15,829

114,536

127,943

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

-

2,500

Hire purchase contracts (see note 9)

74,707

69,605

74,707

72,105

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

10,329

10,329

Between one and five years

74,707

69,605

85,036

79,934

Non-cancellable

operating leases

2026

2025

£

£

Within one year

-

3,534

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

2,611

12,500

Hire purchase contracts

85,036

79,934

87,647

92,434

The debts are covered by floating charge on the assets and the bounce back loan amount is guaranteed by the UK government.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Capital allowances

-

2,427

Deferred

tax

£

Balance at 1 April 2025

2,427

Capital allowances

(2,427

)

Balance at 31 March 2026

-