Company No: 06470405 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mr M P Harding

SECRETARY

Mr M P Harding

REGISTERED OFFICE	22 Church Street
	Rickmansworth
	WD3 1DD
	United Kingdom

COMPANY NUMBER

06470405 (England and Wales)

ACCOUNTANT	Francis Clark LLP
	Sigma House
	Oak View Close
	Edginswell Park
	Torquay
	Devon
	TQ2 7FF

	Note	2023		2022
		£		£
Fixed assets
Investments	3	200		200
		200		200
Current assets
Debtors	4	1,131,349		998,472
Cash at bank and in hand		6,625		16,704
		1,137,974		1,015,176
Creditors: amounts falling due within one year	5	( 917,170)		( 805,762)
Net current assets		220,804		209,414
Total assets less current liabilities		221,004		209,614
Creditors: amounts falling due after more than one year	6	( 38,943)		( 50,000)
Net assets		182,061		159,614
Capital and reserves
Called-up share capital	7	100		100
Capital redemption reserve		100		100
Profit and loss account		181,861		159,414
Total shareholder's funds		182,061		159,614

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Elect Holdings Limited (registered number: 06470405) were approved and authorised for issue by the Director on 31 October 2023. They were signed on its behalf by:

Mr M P Harding Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elect Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
22 Church Street
Rickmansworth
WD3 1DD
United Kingdom

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where the fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applcable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

	Listed investments		Total
	£		£
Carrying value before impairment
At 01 February 2022	200		200
At 31 January 2023	200		200
Provisions for impairment
At 01 February 2022	0		0
At 31 January 2023	0		0
Carrying value at 31 January 2023	200		200
Carrying value at 31 January 2022	200		200

4. Debtors

	2023		2022
	£		£
Amounts owed by Group undertakings	845,292		732,930
Other debtors	286,057		265,542
	1,131,349		998,472

5. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank loans	6,075		0
Amounts owed to Group undertakings	814,315		717,850
Amounts owed to director	1,403		161
Accruals	3,025		2,025
Taxation and social security	92,352		85,726
	917,170		805,762

6. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Bank loans	38,943		50,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Loans and Borrowings

Loans and borrowings due within one year

	2023		2022
	£		£
Bank Borrowings	(6,075)		0

Loans and Borrowings due after one year

	2023		2022
	£		£
Bank Borrowings	(38,943)		(50,000)