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REGISTERED NUMBER: 02263097 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

C.A.G ELECTRICAL CONTRACTORS LIMITED

C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


C.A.G ELECTRICAL CONTRACTORS LIMITED

Company Information
for the year ended 30 June 2023







Directors: G A Dear
C A Ward





Secretary: G A Dear





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 02263097 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
C.A.G Electrical Contractors Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C.A.G Electrical Contractors Limited for the year ended 30 June 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of C.A.G Electrical Contractors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C.A.G Electrical Contractors Limited and state those matters that we have agreed to state to the Board of Directors of C.A.G Electrical Contractors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.A.G Electrical Contractors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C.A.G Electrical Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.A.G Electrical Contractors Limited. You consider that C.A.G Electrical Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C.A.G Electrical Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


24 January 2024

C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 14,772 16,533

Current assets
Stocks 1,246,745 647,175
Debtors 5 2,051,615 1,043,873
Cash at bank and in hand 168,908 130,827
3,467,268 1,821,875
Creditors
Amounts falling due within one year 6 2,463,209 816,238
Net current assets 1,004,059 1,005,637
Total assets less current liabilities 1,018,831 1,022,170

Creditors
Amounts falling due after more than one
year

7

(185,329

)

(235,255

)

Provisions for liabilities 9 (2,681 ) (2,395 )
Net assets 830,821 784,520

Capital and reserves
Called up share capital 10 2,000 2,000
Retained earnings 11 828,821 782,520
Shareholders' funds 830,821 784,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Balance Sheet - continued
30 June 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:




G A Dear - Director



C A Ward - Director


C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

C.A.G Electrical Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company's functional and presentational currency is GBP.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax. Turnover is recognised as contracts progress, according to their stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended. The carrying values of tangible fixed assets are reviewed for impairment when events or changes indicate the carrying value may not be recoverable.

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

C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 10 (2022 - 11 ) .

C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 July 2022 22,568 64,317 103,483 190,368
Additions - - 2,648 2,648
At 30 June 2023 22,568 64,317 106,131 193,016
Depreciation
At 1 July 2022 22,568 62,906 88,361 173,835
Charge for year - 353 4,056 4,409
At 30 June 2023 22,568 63,259 92,417 178,244
Net book value
At 30 June 2023 - 1,058 13,714 14,772
At 30 June 2022 - 1,411 15,122 16,533

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 96,938 72,403
Other debtors 1,954,677 971,470
2,051,615 1,043,873

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 49,926 46,109
Trade creditors 1,914,768 669,073
Taxation and social security 143,586 11,017
Other creditors 354,929 90,039
2,463,209 816,238

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 185,329 235,255

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 22,292 1,480
Between one and five years 43,762 -
66,054 1,480

C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


9. Provisions for liabilities
2023 2022
£ £
Deferred tax
Accelerated capital allowances 2,681 2,395

Deferred tax
£
Balance at 1 July 2022 2,395
Provided during year 286
Accelerated capital allowances
Balance at 30 June 2023 2,681

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2,000 Ordinary £1 2,000 2,000

11. Reserves
Retained
earnings
£

At 1 July 2022 782,520
Profit for the year 215,516
Dividends (169,215 )
At 30 June 2023 828,821

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£ £
G A Dear
Balance outstanding at start of year (5,934 ) 54,116
Amounts advanced 95,525 93,026
Amounts repaid (91,395 ) (153,076 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,804 ) (5,934 )

C A Ward
Balance outstanding at start of year (25,835 ) (74,727 )
Amounts advanced 31,220 153,373
Amounts repaid (91,508 ) (104,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (86,123 ) (25,835 )

C.A.G ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 02263097)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


12. Directors' advances, credits and guarantees - continued

Included within the loan balance owed to C A Ward is £50,000 (2022: £nil) attracting interest at a rate of 10% per annum until repaid.

The remaining balance is interest free and repayable on demand.

13. Ultimate controlling party

The company is under the control of the directors.