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Company Registration No. 7379090 (England and Wales)
3 Core Electrical Engineering Limited Unaudited accounts for the year ended 31 March 2023
3 Core Electrical Engineering Limited Unaudited accounts Contents
Page
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3 Core Electrical Engineering Limited Company Information for the year ended 31 March 2023
Director
Mr C Reid
Company Number
7379090 (England and Wales)
Registered Office
11 Raines Close Burstwick Hull East Yorkshire HU12 9JJ UK
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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3 Core Electrical Engineering Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,757 
27,911 
Current assets
Inventories
1,500 
2,000 
Debtors
44,523 
26,345 
Cash at bank and in hand
6,112 
26,377 
52,135 
54,722 
Creditors: amounts falling due within one year
(62,177)
(89,650)
Net current liabilities
(10,042)
(34,928)
Total assets less current liabilities
14,715 
(7,017)
Creditors: amounts falling due after more than one year
(10,053)
(14,088)
Provisions for liabilities
Deferred tax
(4,704)
- 
Net liabilities
(42)
(21,105)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(43)
(21,106)
Shareholders' funds
(42)
(21,105)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 7 September 2023 and were signed on its behalf by
Mr C Reid Director Company Registration No. 7379090
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3 Core Electrical Engineering Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
3 Core Electrical Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 7379090. The registered office is 11 Raines Close, Burstwick, Hull, East Yorkshire, HU12 9JJ, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
20% on a reducing balance
Motor vehicles
25% on a reducing balance
Computer equipment
30% on a reducing balance
Going concern
In preparation of the accounts, consideration has been taken of the financial position of the company. The company continues to have the support of its director and consequently the accounts have been prepared on a going concern basis.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
25,000 
At 31 March 2023
25,000 
Amortisation
At 1 April 2022
25,000 
At 31 March 2023
25,000 
Net book value
At 31 March 2023
- 
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3 Core Electrical Engineering Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
6,909 
73,130 
9,315 
89,354 
Additions
- 
- 
5,514 
5,514 
At 31 March 2023
6,909 
73,130 
14,829 
94,868 
Depreciation
At 1 April 2022
5,617 
48,526 
7,300 
61,443 
Charge for the year
258 
6,151 
2,259 
8,668 
At 31 March 2023
5,875 
54,677 
9,559 
70,111 
Net book value
At 31 March 2023
1,034 
18,453 
5,270 
24,757 
At 31 March 2022
1,292 
24,604 
2,015 
27,911 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,523 
26,345 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,677 
5,172 
Obligations under finance leases and hire purchase contracts
5,220 
5,220 
Trade creditors
9,278 
14,236 
Taxes and social security
8,626 
16,686 
Other creditors
2,801 
3,329 
Loans from directors
26,585 
44,037 
Accruals
990 
970 
62,177 
89,650 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,053 
14,088 
9
Average number of employees
During the year the average number of employees was 7 (2022: 6).
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