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REGISTERED NUMBER: 05064714














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CMB ELECTRICAL LIMITED

CMB ELECTRICAL LIMITED (REGISTERED NUMBER: 05064714)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CMB ELECTRICAL LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Smith
K Martin
S Borley





SECRETARY: A Smith





REGISTERED OFFICE: Unit 1, Melyn Mair Business Centre
Wentloog Avenue
Rumney
Cardiff
CF3 2EX





REGISTERED NUMBER: 05064714





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

CMB ELECTRICAL LIMITED (REGISTERED NUMBER: 05064714)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,000 9,000
Tangible assets 5 144,511 163,005
153,511 172,005

CURRENT ASSETS
Stocks 87,170 105,606
Debtors 6 1,194,491 334,174
Cash at bank 187,713 201,708
1,469,374 641,488
CREDITORS
Amounts falling due within one year 7 (1,288,292 ) (417,089 )
NET CURRENT ASSETS 181,082 224,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,593

396,404

CREDITORS
Amounts falling due after more than
one year

8

(87,662

)

(137,233

)

PROVISIONS FOR LIABILITIES (855 ) (855 )
NET ASSETS 246,076 258,316

CMB ELECTRICAL LIMITED (REGISTERED NUMBER: 05064714)

Balance Sheet - continued
31 DECEMBER 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 245,976 258,216
SHAREHOLDERS' FUNDS 246,076 258,316

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

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

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 Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





A Smith - Director


CMB ELECTRICAL LIMITED (REGISTERED NUMBER: 05064714)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

CMB Electrical Limited is a private company, limited by shares , registered in Not specified/Other. 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 amounts invoiced to outside customers, except in respect of contracting activities where turnover represents the value of work carried out during the year including amounts not invoiced. Turnover excludes value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

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.


CMB ELECTRICAL LIMITED (REGISTERED NUMBER: 05064714)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Profit recognition on contracting activities
Profit on individual contracts is taken only when their outcome can be foreseen with reasonable certainty, based on the lower of the percentage margin earned to date and that expected losses on individual contracts, taking a prudent view of the future claims income, immediately such losses are foreseen.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2022 - 51 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 18,000
AMORTISATION
At 1 January 2023
and 31 December 2023 9,000
NET BOOK VALUE
At 31 December 2023 9,000
At 31 December 2022 9,000

CMB ELECTRICAL LIMITED (REGISTERED NUMBER: 05064714)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 199,171 11,149 75,596 19,431 305,347
Additions 1,341 - - 415 1,756
At 31 December 2023 200,512 11,149 75,596 19,846 307,103
DEPRECIATION
At 1 January 2023 81,157 6,729 46,126 8,330 142,342
Charge for year 11,965 663 5,894 1,728 20,250
At 31 December 2023 93,122 7,392 52,020 10,058 162,592
NET BOOK VALUE
At 31 December 2023 107,390 3,757 23,576 9,788 144,511
At 31 December 2022 118,014 4,420 29,470 11,101 163,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,123,561 306,410
Other debtors - 20,292
VAT 60,674 -
Prepayments and accrued income 10,256 7,472
1,194,491 334,174

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,060,631 315,856
Tax 34,073 -
Social security and other taxes 33,323 86,313
VAT - 2,850
Other creditors 41,420 9,362
Accruals and deferred income 115,245 -
Accruals and deferred income 3,600 2,708
1,288,292 417,089

CMB ELECTRICAL LIMITED (REGISTERED NUMBER: 05064714)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 87,662 137,233

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the Director Mr A Smith by virtue of his shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
CMB Electrical 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 Income Statement 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 CMB Electrical Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet 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 CMB Electrical 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 CMB Electrical Limited and state those matters that we have agreed to state to the Board of Directors of CMB Electrical 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 CMB Electrical Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CMB Electrical 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 CMB Electrical Limited. You consider that CMB Electrical 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 CMB Electrical 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.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


8 April 2024