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REGISTERED NUMBER: 04159154 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

C.P. HOOD ELECTRICAL LIMITED

C.P. HOOD ELECTRICAL LIMITED (REGISTERED NUMBER: 04159154)






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


C.P. HOOD ELECTRICAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: L J Hampton
C P Hood





SECRETARY: Mrs L J Hood





REGISTERED OFFICE: 15 Sinclair Way
Prescot Business Park
Liverpool
Merseyside
L31 1QL





REGISTERED NUMBER: 04159154 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

C.P. HOOD ELECTRICAL LIMITED (REGISTERED NUMBER: 04159154)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,790 32,092

CURRENT ASSETS
Stocks 5 240,000 170,000
Debtors 6 639,078 513,900
Cash at bank 411,596 575,641
1,290,674 1,259,541
CREDITORS
Amounts falling due within one year 7 504,850 480,684
NET CURRENT ASSETS 785,824 778,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,614

810,949

CREDITORS
Amounts falling due after more than one
year

8

(43,333

)

(66,263

)

PROVISIONS FOR LIABILITIES 11 (4,388 ) (5,148 )
NET ASSETS 765,893 739,538

CAPITAL AND RESERVES
Called up share capital 12 120 120
Retained earnings 13 765,773 739,418
SHAREHOLDERS' FUNDS 765,893 739,538

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 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.

C.P. HOOD ELECTRICAL LIMITED (REGISTERED NUMBER: 04159154)

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 Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





C P Hood - Director


C.P. HOOD ELECTRICAL LIMITED (REGISTERED NUMBER: 04159154)

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

1. STATUTORY INFORMATION

C.P. Hood 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

C.P. HOOD ELECTRICAL LIMITED (REGISTERED NUMBER: 04159154)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 4,259 23,242 12,786 31,126 71,413
Additions 1,208 - - 1,654 2,862
At 31 March 2023 5,467 23,242 12,786 32,780 74,275
DEPRECIATION
At 1 April 2022 1,609 14,934 3,396 19,382 39,321
Charge for year 413 1,246 2,348 3,157 7,164
At 31 March 2023 2,022 16,180 5,744 22,539 46,485
NET BOOK VALUE
At 31 March 2023 3,445 7,062 7,042 10,241 27,790
At 31 March 2022 2,650 8,308 9,390 11,744 32,092

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 12,786
DEPRECIATION
At 1 April 2022 3,396
Charge for year 2,348
At 31 March 2023 5,744
NET BOOK VALUE
At 31 March 2023 7,042
At 31 March 2022 9,390

C.P. HOOD ELECTRICAL LIMITED (REGISTERED NUMBER: 04159154)

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

5. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 240,000 170,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 517,592 494,196
Other debtors 37,960 -
Directors' current accounts 56,821 -
VAT 25,737 18,736
Prepayments and accrued income 968 968
639,078 513,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) 20,000 20,000
Hire purchase contracts 2,930 2,930
Trade creditors 286,513 321,150
Tax 145,946 94,042
Social security and other taxes 27,950 25,841
Other creditors 18,511 8,042
Directors' current accounts - 5,679
Accrued expenses 3,000 3,000
504,850 480,684

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 43,333 63,333
Hire purchase contracts - 2,930
43,333 66,263

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,000 20,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,000 20,000

C.P. HOOD ELECTRICAL LIMITED (REGISTERED NUMBER: 04159154)

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

9. LOANS - continued
31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 23,333 43,333

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 63,333 83,333

The National Westminster Bank plc holds a fixed and floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 4,388 5,148

Deferred
tax
£   
Balance at 1 April 2022 5,148
Accelerated capital allowances (760 )
Balance at 31 March 2023 4,388

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
120 Ordinary £1 120 120

13. RESERVES
Retained
earnings
£   

At 1 April 2022 739,418
Profit for the year 487,235
Dividends (460,880 )
At 31 March 2023 765,773