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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
Page
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Core Electrical (Midlands) Ltd Company Information for the year ended 28 February 2023
Director
Mr J Holland
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
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Core Electrical (Midlands) Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
26,985 
32,861 
Cash at bank and in hand
51,309 
56,921 
78,294 
89,782 
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)
Net assets
34,036 
37,558 
Capital and reserves
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
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Core Electrical (Midlands) Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
Turnover
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
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
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,732 
27,664 
Other debtors
2,253 
5,197 
26,985 
32,861 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,986 
7,986 
VAT
2,962 
4,317 
Trade creditors
9,100 
7,651 
Taxes and social security
5,073 
6,355 
Other creditors
762 
- 
Loans from directors
(9)
313 
Accruals
850 
850 
26,724 
27,472 
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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 
£ 
£ 
Bank loans
17,534 
24,752 
7
Share capital
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 
102 
102 
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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