IRIS Accounts Production v23.1.0.753 12052271 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure120522712022-06-30120522712023-06-30120522712022-07-012023-06-30120522712021-06-30120522712021-07-012022-06-30120522712022-06-3012052271ns15:EnglandWales2022-07-012023-06-3012052271ns14:PoundSterling2022-07-012023-06-3012052271ns10:Director12022-07-012023-06-3012052271ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3012052271ns10:SmallEntities2022-07-012023-06-3012052271ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3012052271ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3012052271ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3012052271ns10:FullAccounts2022-07-012023-06-3012052271ns10:Director22022-07-012023-06-3012052271ns10:RegisteredOffice2022-07-012023-06-3012052271ns5:CurrentFinancialInstruments2023-06-3012052271ns5:CurrentFinancialInstruments2022-06-3012052271ns5:Non-currentFinancialInstruments2023-06-3012052271ns5:Non-currentFinancialInstruments2022-06-3012052271ns5:ShareCapital2023-06-3012052271ns5:ShareCapital2022-06-3012052271ns5:RetainedEarningsAccumulatedLosses2023-06-3012052271ns5:RetainedEarningsAccumulatedLosses2022-06-3012052271ns5:PlantMachinery2022-07-012023-06-3012052271ns5:PlantMachinery2022-06-3012052271ns5:PlantMachinery2023-06-3012052271ns5:PlantMachinery2022-06-3012052271ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-3012052271ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3012052271ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3012052271ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-3012052271ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3012052271ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 12052271 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

CGF ELECTRICAL LIMITED

CGF ELECTRICAL LIMITED (REGISTERED NUMBER: 12052271)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CGF ELECTRICAL LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: C G Franklin
Miss R Newman





REGISTERED OFFICE: The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ





REGISTERED NUMBER: 12052271 (England and Wales)





ACCOUNTANTS: Allium Wood Limited
Chartered Certified Accountants
The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ

CGF ELECTRICAL LIMITED (REGISTERED NUMBER: 12052271)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,982 23,587

CURRENT ASSETS
Debtors 5 142,738 82,184
Cash at bank 40,262 7,767
183,000 89,951
CREDITORS
Amounts falling due within one year 6 (131,033 ) (60,244 )
NET CURRENT ASSETS 51,967 29,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,949

53,294

CREDITORS
Amounts falling due after more than one year 7 (9,583 ) (26,758 )

PROVISIONS FOR LIABILITIES (2,704 ) (2,740 )
NET ASSETS 58,662 23,796

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,562 23,696
58,662 23,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CGF ELECTRICAL LIMITED (REGISTERED NUMBER: 12052271)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





C G Franklin - Director


CGF ELECTRICAL LIMITED (REGISTERED NUMBER: 12052271)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

CGF 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.

The presentation currency is £ sterling.

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

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 reducing balance and 10% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CGF ELECTRICAL LIMITED (REGISTERED NUMBER: 12052271)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 35,787
DEPRECIATION
At 1 July 2022 12,200
Charge for year 4,605
At 30 June 2023 16,805
NET BOOK VALUE
At 30 June 2023 18,982
At 30 June 2022 23,587

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

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 25,000
DEPRECIATION
At 1 July 2022 11,084
Charge for year 3,479
At 30 June 2023 14,563
NET BOOK VALUE
At 30 June 2023 10,437
At 30 June 2022 13,916

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,139 32,148
Other debtors 49,599 50,036
142,738 82,184

CGF ELECTRICAL LIMITED (REGISTERED NUMBER: 12052271)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,001 5,000
Hire purchase contracts 12,174 3,482
Trade creditors 50,289 3,702
Taxation and social security 20,905 20,900
Other creditors 42,664 27,160
131,033 60,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,583 14,583
Hire purchase contracts - 12,175
9,583 26,758

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 12,174 15,657

The liabilities under hire purchase contracts are secured against the assets to which the contracts relate.