Elecro Fluid Dynamics Ltd - Period Ending 2023-03-31

Elecro Fluid Dynamics Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Elecro Fluid Dynamics Ltd

(Registration number: 10027360)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Investments	4	100	100
Current assets
Debtors	5	100	100
Net assets		200	200
Capital and reserves
Called up share capital		200	200
Shareholders' funds		200	200

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 December 2023
 

Mrs Emily May Director

Elecro Fluid Dynamics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Gunnels Wood Park
Gunnels Wood Road
Stevenage
Herts
SG1 2BH

These financial statements were authorised for issue by the director on 5 December 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Investments in equity shares which are not publicly traded comprise of amounts held in subsidiaries. Amounts are recorded at cost and reviewed for impairment annually.

Elecro Fluid Dynamics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4	Investments

	2023 £	2022 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 April 2022	100
Provision
Carrying amount
At 31 March 2023	100
At 31 March 2022	100

5

Debtors

	Note	2023 £	2022 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	100	100
		100	100

Elecro Fluid Dynamics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary shares of £1 each	200	200	200	200

7

Dividends

		2023		2022
		£		£
Interim dividend of £66.58 (2022 - £11.25) per ordinary share		13,316		2,250

8	Related party transactions

Summary of transactions with all subsidiaries

At the balance sheet date, the company was owed £100 (2022: £100) from Elecro Engineering Limited, a wholly owned subsidiary.

9	Ultimate controlling party

The ultimate controlling party is Mrs Emily May, by virtue of her shareholding.