Company Registration No. 4466908 (England and Wales)
C G Electrical Services Limited
Unaudited accounts
for the year ended 31 July 2023
C G Electrical Services Limited
Unaudited accounts
Contents
C G Electrical Services Limited
Company Information
for the year ended 31 July 2023
Directors
C Griffiths
M Griffiths
A Griffiths
Company Number
4466908 (England and Wales)
Registered Office
4 Hayling Rise
High Salvington
Worthing
West Sussex
BN13 3AL
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
C G Electrical Services Limited
Statement of financial position
as at 31 July 2023
Tangible assets
2,200
2,920
Cash at bank and in hand
6,743
5,691
Creditors: amounts falling due within one year
(26,358)
(24,842)
Net current assets
44,443
34,316
Called up share capital
3
3
Profit and loss account
46,640
37,233
Shareholders' funds
46,643
37,236
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by
C Griffiths
Director
Company Registration No. 4466908
C G Electrical Services Limited
Notes to the Accounts
for the year ended 31 July 2023
C G Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 4466908. The registered office is 4 Hayling Rise, High Salvington, Worthing, West Sussex, BN13 3AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
C G Electrical Services Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
16,162
10,200
26,362
At 31 July 2023
16,162
10,200
26,362
At 1 August 2022
15,700
7,742
23,442
Charge for the year
115
605
720
At 31 July 2023
15,815
8,347
24,162
At 31 July 2023
347
1,853
2,200
At 31 July 2022
462
2,458
2,920
Amounts falling due within one year
Trade debtors
13,000
2,990
6
Investments held as current assets
2023
2022
Listed investments
50,000
50,000
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,256
5,848
Other creditors
2,078
1,911
Loans from directors
10,931
15,482
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 Ordinary A share of £1 each
1
1
1 Ordinary B share of £1 each
1
1
C G Electrical Services Limited
Notes to the Accounts
for the year ended 31 July 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).