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REGISTERED NUMBER: 09952326 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2023

FOR

CC ELECTRICAL SUPPLIES LIMITED

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CC ELECTRICAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 FEBRUARY 2023







DIRECTORS: C J Hall
C J Walton





REGISTERED OFFICE: Rear of Unit 6
Radford Crescent
Billericay
CM12 0DU





REGISTERED NUMBER: 09952326 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

BALANCE SHEET
27 FEBRUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 24,219 26,219

CURRENT ASSETS
Stocks 82,521 49,852
Debtors 5 948,020 1,110,094
Cash at bank and in hand 152,231 218,687
1,182,772 1,378,633
CREDITORS
Amounts falling due within one year 6 697,752 867,366
NET CURRENT ASSETS 485,020 511,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,239

537,486

CREDITORS
Amounts falling due after more than one
year

7

(26,669

)

(36,670

)

PROVISIONS FOR LIABILITIES 9 (4,602 ) (4,982 )
NET ASSETS 477,968 495,834

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 477,868 495,734
SHAREHOLDERS' FUNDS 477,968 495,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

BALANCE SHEET - continued
27 FEBRUARY 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 13 November 2023 and were signed on its behalf by:




C J Hall - Director



C J Walton - Director


CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2023


1. STATUTORY INFORMATION

Cc Electrical Supplies 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

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

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

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 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 28 February 2022 9,834 23,481 5,460 38,775
Additions 359 - 3,381 3,740
At 27 February 2023 10,193 23,481 8,841 42,515
DEPRECIATION
At 28 February 2022 2,352 8,122 2,082 12,556
Charge for year 1,541 3,072 1,127 5,740
At 27 February 2023 3,893 11,194 3,209 18,296
NET BOOK VALUE
At 27 February 2023 6,300 12,287 5,632 24,219
At 27 February 2022 7,482 15,359 3,378 26,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 859,091 1,031,166
Directors' current accounts 86,969 78,928
Prepayments and accrued income 1,960 -
948,020 1,110,094

The director's loan account was repaid within 9 months after the year-end and interest has been charged at the market rate.

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,001 10,001
Trade creditors 629,344 709,362
Tax 42,803 99,425
Social security and other taxes 2,026 3,443
VAT 11,508 42,018
Other creditors - 242
Accrued expenses 2,070 2,875
697,752 867,366

Other creditors consists of an amount due in respect of pension contributions totalling £Nil (2022: £242).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 10,001 10,001
Bank loans - 2-5 years 16,668 26,669
26,669 36,670

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 5,225 5,225
Between one and five years 16,727 22,387
21,952 27,612

9. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 4,602 4,982

Deferred tax
£
Balance at 28 February 2022 4,982
Provided during year (380 )
Balance at 27 February 2023 4,602

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100
2 Ordinary B £0.01 - -
100 100

11. RELATED PARTY DISCLOSURES

During the year, the company invoiced SJT Electrical Supplies Ltd, a company under common control of the directors, a total of £152,509 in relation to goods sold. The company purchased goods from SJT Electrical Supplies Ltd totalling £624,068. The directors have confirmed that the transactions were undertaken at an open market value.

At the balance sheet date, SJT Electrical Supplies Ltd owed the company £8,353 (2022: £45,474) which is included within trade debtors. Also, the company owed SJT Electrical Supplies £117,823 (2022: £302,090) which is included within trade creditors.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors between themselves hold the entire share capital of the company.