Company Registration No. SC589634 (Scotland)
Electric Relaxation Ltd
Unaudited accounts
for the year ended 29 February 2024
Electric Relaxation Ltd
Unaudited accounts
Contents
Electric Relaxation Ltd
Company Information
for the year ended 29 February 2024
Directors
Benjamin James Abbot
Aidan Daniel Zyw
Company Number
SC589634 (Scotland)
Registered Office
21 - 25 DUKE STREET
EDINBURGH
EH6 8HH
UNITED KINGDOM
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Electric Relaxation Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
105,000
105,000
Cash at bank and in hand
501
223
Creditors: amounts falling due within one year
(35,172)
(35,207)
Net current liabilities
(34,671)
(34,984)
Total assets less current liabilities
70,329
70,016
Creditors: amounts falling due after more than one year
(49,886)
(53,127)
Called up share capital
2
2
Profit and loss account
20,441
16,887
Shareholders' funds
20,443
16,889
For the year ending 29 February 2024 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 8 May 2024 and were signed on its behalf by
Aidan Daniel Zyw
Director
Company Registration No. SC589634
Electric Relaxation Ltd
Notes to the Accounts
for the year ended 29 February 2024
Electric Relaxation Ltd is a private company, limited by shares, registered in Scotland, registration number SC589634. The registered office is 21 - 25 DUKE STREET, EDINBURGH, EH6 8HH, UNITED KINGDOM.
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:
Land & buildings
No depreciation charged
4
Tangible fixed assets
Land & buildings
At 29 February 2024
105,000
At 29 February 2024
105,000
At 28 February 2023
105,000
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
5,831
5,531
Taxes and social security
834
969
Loans from directors
28,507
28,707
Electric Relaxation Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
