IRIS Accounts Production v23.3.0.418 12456349 director 1.3.22 28.2.23 28.2.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure124563492022-02-28124563492023-02-28124563492022-03-012023-02-28124563492021-02-28124563492021-03-012022-02-28124563492022-02-2812456349ns16:EnglandWales2022-03-012023-02-2812456349ns15:PoundSterling2022-03-012023-02-2812456349ns11:Director12022-03-012023-02-2812456349ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2812456349ns11:SmallEntities2022-03-012023-02-2812456349ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2812456349ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2812456349ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2812456349ns11:FullAccounts2022-03-012023-02-2812456349ns11:RegisteredOffice2022-03-012023-02-2812456349ns6:CurrentFinancialInstruments2023-02-2812456349ns6:CurrentFinancialInstruments2022-02-2812456349ns6:ShareCapital2023-02-2812456349ns6:ShareCapital2022-02-2812456349ns6:RetainedEarningsAccumulatedLosses2023-02-2812456349ns6:RetainedEarningsAccumulatedLosses2022-02-2812456349ns6:PlantMachinery2022-03-012023-02-2812456349ns6:PlantMachinery2022-02-2812456349ns6:PlantMachinery2023-02-2812456349ns6:PlantMachinery2022-02-2812456349ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2812456349ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: 12456349 (England and Wales)












CURA ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CURA ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: D R Churcher





REGISTERED OFFICE: Suite 6 Furzehall Farm
Wickham Road
Fareham
Hampshire
PO16 7JH





REGISTERED NUMBER: 12456349 (England and Wales)

CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,451 1,290

CURRENT ASSETS
Stocks 5,113 47,769
Debtors 5 106,464 115,551
Cash at bank and in hand 16,791 10,573
128,368 173,893
CREDITORS
Amounts falling due within one year 6 (87,463 ) (108,794 )
NET CURRENT ASSETS 40,905 65,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,356

66,389

PROVISIONS FOR LIABILITIES (363 ) (323 )
NET ASSETS 41,993 66,066

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,893 65,966
41,993 66,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

BALANCE SHEET - continued
28 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2023 and were signed by:





D R Churcher - Director


CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Cura 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the value of services provided to customers during the year, net of trade discounts and value added tax where applicable.

Turnover relating to projects that are ongoing at the year end is determined by reference to the stage of completion of the contract.

In the instance that invoices are raised in excess of the value of turnover calculated based on the percentage completion, the value of work invoiced in advance is included within deferred income.

When the value of work calculated on the percentage completion method is in excess of the amount invoiced to customers, the balance of amounts recoverable on contracts are included within current assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 3 years

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.


CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 March 2022 1,641
Additions 870
At 28 February 2023 2,511
DEPRECIATION
At 1 March 2022 351
Charge for year 709
At 28 February 2023 1,060
NET BOOK VALUE
At 28 February 2023 1,451
At 28 February 2022 1,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,874 71,628
Other debtors 50,590 43,923
106,464 115,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 51,988 15,699
Taxation and social security - 13,411
Other creditors 35,475 79,684
87,463 108,794

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £10,000 (2022: £Nil) were made to the company's director. £Nil (2022: £Nil) was repaid prior to the year-end. The balance owed from the director at the year-end was £10,000 (2022: £Nil).