IRIS Accounts Production v23.3.0.418 05827520 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure058275202022-03-31058275202023-03-31058275202022-04-012023-03-31058275202021-03-31058275202021-04-012022-03-31058275202022-03-3105827520ns16:EnglandWales2022-04-012023-03-3105827520ns15:PoundSterling2022-04-012023-03-3105827520ns11:Director12022-04-012023-03-3105827520ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105827520ns11:SmallEntities2022-04-012023-03-3105827520ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105827520ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105827520ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105827520ns11:FullAccounts2022-04-012023-03-310582752012022-04-012023-03-3105827520ns11:CompanySecretary12022-04-012023-03-3105827520ns11:RegisteredOffice2022-04-012023-03-3105827520ns6:CurrentFinancialInstruments2023-03-3105827520ns6:CurrentFinancialInstruments2022-03-3105827520ns6:Non-currentFinancialInstruments2023-03-3105827520ns6:Non-currentFinancialInstruments2022-03-3105827520ns6:ShareCapital2023-03-3105827520ns6:ShareCapital2022-03-3105827520ns6:RetainedEarningsAccumulatedLosses2023-03-3105827520ns6:RetainedEarningsAccumulatedLosses2022-03-3105827520ns6:NetGoodwill2022-04-012023-03-3105827520ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105827520ns6:PlantMachinery2022-04-012023-03-3105827520ns6:NetGoodwill2022-03-3105827520ns6:NetGoodwill2023-03-3105827520ns6:NetGoodwill2022-03-3105827520ns6:PlantMachinery2022-03-3105827520ns6:PlantMachinery2023-03-3105827520ns6:PlantMachinery2022-03-3105827520ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3105827520ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105827520ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-03-3105827520ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3105827520ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105827520ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3105827520ns6:Secured2023-03-3105827520ns6:Secured2022-03-31
REGISTERED NUMBER: 05827520 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

COCKELL ELECTRICAL LIMITED

COCKELL ELECTRICAL LIMITED (REGISTERED NUMBER: 05827520)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COCKELL ELECTRICAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: D Cockell





SECRETARY: D Cockell Snr





REGISTERED OFFICE: 44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 05827520 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

COCKELL ELECTRICAL LIMITED (REGISTERED NUMBER: 05827520)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,271 50,256
39,271 50,256

CURRENT ASSETS
Stocks 30,153 10,000
Debtors 6 47,130 48,824
Cash at bank and in hand 1,874 52,316
79,157 111,140
CREDITORS
Amounts falling due within one year 7 49,698 59,156
NET CURRENT ASSETS 29,459 51,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,730

102,240

CREDITORS
Amounts falling due after more than one
year

8

(18,575

)

(30,725

)

PROVISIONS FOR LIABILITIES (7,281 ) (10,477 )
NET ASSETS 42,874 61,038

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,873 61,037
SHAREHOLDERS' FUNDS 42,874 61,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COCKELL ELECTRICAL LIMITED (REGISTERED NUMBER: 05827520)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





D Cockell - Director


COCKELL ELECTRICAL LIMITED (REGISTERED NUMBER: 05827520)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cockell Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

COCKELL ELECTRICAL LIMITED (REGISTERED NUMBER: 05827520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
AMORTISATION
At 1 April 2022
and 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

COCKELL ELECTRICAL LIMITED (REGISTERED NUMBER: 05827520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 299,110
Disposals 29,112
At 31 March 2023 328,222
DEPRECIATION
At 1 April 2022 248,854
Charge for year 10,985
Eliminated on disposal 29,112
At 31 March 2023 288,951
NET BOOK VALUE
At 31 March 2023 39,271
At 31 March 2022 50,256

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 126,398
Disposals 29,112
At 31 March 2023 155,510
DEPRECIATION
At 1 April 2022 100,785
Charge for year 6,404
Eliminated on disposal 29,112
At 31 March 2023 136,301
NET BOOK VALUE
At 31 March 2023 19,209
At 31 March 2022 25,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,806 45,081
Other debtors 3,324 3,743
47,130 48,824

COCKELL ELECTRICAL LIMITED (REGISTERED NUMBER: 05827520)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,200 11,200
Hire purchase contracts 1,222 4,383
Trade creditors 21,041 18,100
Taxation and social security 13,685 16,994
Other creditors 2,550 8,479
49,698 59,156

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,575 29,503
Hire purchase contracts - 1,222
18,575 30,725

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 29,775 40,703
Hire purchase contracts 1,222 5,605
30,997 46,308