Company Registration No. 03842653 (England and Wales)
Electro-technik Systems Limited
Unaudited accounts
for the year ended 30 September 2022
Electro-technik Systems Limited
Unaudited accounts
Contents
Electro-technik Systems Limited
Company Information
for the year ended 30 September 2022
Directors
Mr A Kitching
Dr C J Kitching
Company Number
03842653 (England and Wales)
Registered Office
Valmont Stainton Ltd
Dukesway Teesside Industrial Estate
Stockton-on-Tees
Cleveland
TS17 9LT
England
Electro-technik Systems Limited
Statement of financial position
as at 30 September 2022
Tangible assets
1,505
2,009
Cash at bank and in hand
15,612
8,967
Creditors: amounts falling due within one year
(15,092)
(21,014)
Net current assets
3,144
2,547
Called up share capital
2
2
Profit and loss account
4,647
4,554
Shareholders' funds
4,649
4,556
For the year ending 30 September 2022 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 31 March 2023 and were signed on its behalf by
Mr A Kitching
Director
Company Registration No. 03842653
Electro-technik Systems Limited
Notes to the Accounts
for the year ended 30 September 2022
Electro-technik Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 03842653. The registered office is Valmont Stainton Ltd, Dukesway Teesside Industrial Estate, Stockton-on-Tees, Cleveland, TS17 9LT, 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.
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.
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% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Electro-technik Systems Limited
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Plant & machinery
At 30 September 2022
27,045
At 30 September 2022
25,540
At 30 September 2022
1,505
At 30 September 2021
2,009
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,079
1,978
Loans from directors
11,832
14,694
7
Average number of employees
During the year the average number of employees was 0 (2021: 1).
