Company Registration No. 06747283 (England and Wales)
ELECMEC LIMITED
Unaudited accounts
for the year ended 31 December 2021
ELECMEC LIMITED
Unaudited accounts
Contents
ELECMEC LIMITED
Company Information
for the year ended 31 December 2021
Directors
MARK HORTON
AVERIL HORTON
Company Number
06747283 (England and Wales)
Registered Office
UNIT A IN2CONNECT HOUSE
ACTON STREET LONG EATON
NOTTINGHAM
NG10 1FT
UK
Accountants
ROCKET BUSINESS SERVICES LTD
18 BARLEYDALE DRIVE
TROWELL
NOTTINGHAM
NOTTS
NG9 3QS
ELECMEC LIMITED
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
106,559
86,381
Creditors: amounts falling due within one year
(23,647)
(27,532)
Net current assets
126,779
115,417
Net assets
126,779
115,469
Called up share capital
100
100
Profit and loss account
126,679
115,369
Shareholders' funds
126,779
115,469
For the year ending 31 December 2021 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 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 of Directors and authorised for issue on 11 February 2022 and were signed on its behalf by
MARK HORTON
Director
Company Registration No. 06747283
ELECMEC LIMITED
Notes to the Accounts
for the year ended 31 December 2021
ELECMEC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06747283. The registered office is UNIT A IN2CONNECT HOUSE, ACTON STREET LONG EATON, NOTTINGHAM, NG10 1FT, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
50% straight line basis
Computer equipment
50% straight line basis
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.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
731
2,118
2,849
At 31 December 2021
731
2,118
2,849
At 1 January 2021
679
2,118
2,797
Charge for the year
52
-
52
At 31 December 2021
731
2,118
2,849
At 31 December 2020
52
-
52
ELECMEC LIMITED
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
23,033
34,063
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
4,132
7,743
Taxes and social security
16,201
9,220
Other creditors
2,089
5,455
7
Transactions with related parties
£18,922 of rent (£18,568 - 2020) was paid to In2 Investment llp which owns 48% of the issued share capital.
8
Average number of employees
During the year the average number of employees was 5 (2020: 5).
