Registered number
12048398
C and S Electrical Ltd
Unaudited Filleted Accounts
30 June 2023
C and S Electrical Ltd
Registered number: 12048398
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,731 8,975
Current assets
Debtors 4 80,830 62,786
Cash at bank and in hand 43,765 65,740
124,595 128,526
Creditors: amounts falling due within one year 5 (106,206) (81,566)
Net current assets 18,389 46,960
Total assets less current liabilities 25,120 55,935
Creditors: amounts falling due after more than one year 6 (19,400) (29,882)
Net assets 5,720 26,053
Capital and reserves
Called up share capital 2 2
Profit and loss account 5,718 26,051
Shareholders' funds 5,720 26,053
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Hadgraft
Director
Approved by the board on 13 October 2023
C and S Electrical Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 10,903 10,000 20,903
At 30 June 2023 10,903 10,000 20,903
Depreciation
At 1 July 2022 6,147 5,781 11,928
Charge for the year 1,189 1,055 2,244
At 30 June 2023 7,336 6,836 14,172
Net book value
At 30 June 2023 3,567 3,164 6,731
At 30 June 2022 4,756 4,219 8,975
4 Debtors 2023 2022
£ £
Trade debtors 19,843 15,048
Other debtors 60,987 47,738
80,830 62,786
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,765 9,764
Trade creditors 21,241 9,817
Director's loans 61,530 35,603
Taxation and social security costs 13,670 26,382
106,206 81,566
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,400 29,882
7 Other information
C and S Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Nursery Road
Great Cornard
CO10 0NJ
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