REGISTERED NUMBER:
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ELECTRA TECHNOLOGY LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2021 |
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REGISTERED NUMBER:
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ELECTRA TECHNOLOGY LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2021 |
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ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 January 2021 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ELECTRA TECHNOLOGY LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 January 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Hilden Park House |
79 Tonbridge Road |
Hildenborough |
Tonbridge |
Kent |
TN11 9BH |
ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368) |
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ABRIDGED BALANCE SHEET |
31 January 2021 |
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31/1/21 | 31/1/20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368) |
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ABRIDGED BALANCE SHEET - continued |
31 January 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 January 2021 |
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1. | STATUTORY INFORMATION |
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Electra Technology Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, for the sale of goods. Turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. |
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Intangible fixed assets |
These represent development costs and patents and licences. Development costs of products are amortised over the estimated economic life of the products to which they relate. This at present is estimated to be 10 years, but this projected economic life will be subject to annual review. Patents and licences are amortised over their useful economic life. This at present is estimated to be 10 years, but will also be subject to annual review. |
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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Fixtures & fittings | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
ELECTRA TECHNOLOGY LIMITED (REGISTERED NUMBER: 03181368) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 January 2021 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2020 |
and 31 January 2021 |
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AMORTISATION |
At 1 February 2020 |
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Amortisation for year |
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At 31 January 2021 |
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NET BOOK VALUE |
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At 31 January 2021 |
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At 31 January 2020 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 February 2020 |
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Additions |
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At 31 January 2021 |
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DEPRECIATION |
At 1 February 2020 |
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Charge for year |
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At 31 January 2021 |
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NET BOOK VALUE |
At 31 January 2021 |
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At 31 January 2020 |
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6. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |