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REGISTERED NUMBER: 04385347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Case Electrical Ltd

Case Electrical Ltd (Registered number: 04385347)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Case Electrical Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr L D Case





SECRETARY: Mrs K G Case





REGISTERED OFFICE: 1st Floor
27 Shirwell Crescent
Furzton Lake
MILTON KEYNES
Buckinghamshire
MK4 1GA





REGISTERED NUMBER: 04385347 (England and Wales)





ACCOUNTANTS: Sherwoods Ltd
Chartered Certified Accountants
1st Floor
27 Shirwell Crescent
Furzton Lake
Milton Keynes
Buckinghamshire
MK4 1GA

Case Electrical Ltd (Registered number: 04385347)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,606 36,131
41,606 36,131

CURRENT ASSETS
Stocks 66,205 27,356
Debtors 6 173,240 116,894
Cash at bank and in hand 27,173 14,580
266,618 158,830
CREDITORS
Amounts falling due within one year 7 79,996 37,497
NET CURRENT ASSETS 186,622 121,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,228

157,464

CREDITORS
Amounts falling due after more than one
year

8

(27,563

)

(19,458

)

PROVISIONS FOR LIABILITIES (7,905 ) (6,865 )
NET ASSETS 192,760 131,141

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 192,758 131,139
SHAREHOLDERS' FUNDS 192,760 131,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Case Electrical Ltd (Registered number: 04385347)

Balance Sheet - continued
31 March 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 director and authorised for issue on 20 November 2023 and were signed by:





Mr L D Case - Director


Case Electrical Ltd (Registered number: 04385347)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Case Electrical Ltd 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 represents invoiced sales of goods/services, net of Value Added Tax.

The company's policy is to recognise a sale when all the risks and rewards in connection with the goods have passed to the buyer, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Case Electrical Ltd (Registered number: 04385347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 30,000
Disposals (30,000 )
At 31 March 2023 -
AMORTISATION
At 1 April 2022 30,000
Eliminated on disposal (30,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Case Electrical Ltd (Registered number: 04385347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 72,829
Additions 19,255
At 31 March 2023 92,084
DEPRECIATION
At 1 April 2022 36,698
Charge for year 13,780
At 31 March 2023 50,478
NET BOOK VALUE
At 31 March 2023 41,606
At 31 March 2022 36,131

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 28,390
Additions 19,255
At 31 March 2023 47,645
DEPRECIATION
At 1 April 2022 7,098
Charge for year 10,136
At 31 March 2023 17,234
NET BOOK VALUE
At 31 March 2023 30,411
At 31 March 2022 21,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 125,729 87,545
Other debtors 47,511 29,349
173,240 116,894

Case Electrical Ltd (Registered number: 04385347)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 6,030 3,491
Trade creditors 15,779 21,584
Taxation and social security 47,828 9,443
Other creditors 10,359 2,979
79,996 37,497

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 27,563 19,458