Company Registration No. 11226996 (England and Wales)
Core Electrical (Midlands) Ltd
Unaudited accounts
for the year ended 28 February 2023
Core Electrical (Midlands) Ltd
Unaudited accounts
Contents
Core Electrical (Midlands) Ltd
Company Information
for the year ended 28 February 2023
Company Number
11226996 (England and Wales)
Registered Office
100 Millers Road
Warwick
CV34 5AX
England
Accountants
JS Accountancy Services
Measham Business Centre
56 High Street/Queens Street
Measham
Derbyshire
DE12 7HZ
Core Electrical (Midlands) Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
51,309
56,921
Creditors: amounts falling due within one year
(26,724)
(27,472)
Net current assets
51,570
62,310
Total assets less current liabilities
51,570
62,310
Creditors: amounts falling due after more than one year
(17,534)
(24,752)
Called up share capital
102
102
Profit and loss account
33,934
37,456
Shareholders' funds
34,036
37,558
For the year ending 28 February 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 10 November 2023 and were signed on its behalf by
Mr J Holland
Director
Company Registration No. 11226996
Core Electrical (Midlands) Ltd
Notes to the Accounts
for the year ended 28 February 2023
Core Electrical (Midlands) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11226996. The registered office is 100 Millers Road, Warwick, CV34 5AX, England.
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.
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.
Amounts falling due within one year
Trade debtors
24,732
27,664
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,986
7,986
Trade creditors
9,100
7,651
Taxes and social security
5,073
6,355
Loans from directors
(9)
313
Core Electrical (Midlands) Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares - A shares of £1 each
100
100
1 Ordinary shares - B share of £1 each
1
1
1 Ordinary shares - C share of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).