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Company Registration No. 08160938 (England and Wales)
Core Electrical Services (Southern) Ltd Unaudited accounts for the year ended 30 September 2023
Core Electrical Services (Southern) Ltd Unaudited accounts Contents
Page
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Core Electrical Services (Southern) Ltd Company Information for the year ended 30 September 2023
Directors
Mr R Lucas Mr A Clark
Company Number
08160938 (England and Wales)
Registered Office
180 Sompting Road WORTHING BN14 9EY
Accountants
Claire Leitch Accounting Services Limited 24 The Heights Findon Valley Worthing West Sussex BN14 0AJ
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Core Electrical Services (Southern) Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,695 
53,429 
Current assets
Debtors
90,180 
76,141 
Cash at bank and in hand
104,469 
128,404 
194,649 
204,545 
Creditors: amounts falling due within one year
(145,656)
(154,459)
Net current assets
48,993 
50,086 
Net assets
95,688 
103,515 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
95,687 
103,514 
Shareholders' funds
95,688 
103,515 
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 10 February 2024 and were signed on its behalf by
Mr R Lucas Director Company Registration No. 08160938
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Core Electrical Services (Southern) Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Core Electrical Services (Southern) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08160938. The registered office is 180 Sompting Road, WORTHING, BN14 9EY.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
29,600 
At 30 September 2023
29,600 
Amortisation
At 1 October 2022
29,600 
At 30 September 2023
29,600 
Net book value
At 30 September 2023
- 
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Core Electrical Services (Southern) Ltd Notes to the Accounts for the year ended 30 September 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At cost 
At 1 October 2022
147,678 
80,521 
392 
2,794 
231,385 
Additions
1,050 
- 
- 
1,160 
2,210 
Revaluations
1,886 
- 
- 
- 
1,886 
At 30 September 2023
150,614 
80,521 
392 
3,954 
235,481 
Depreciation
At 1 October 2022
150,614 
24,750 
392 
2,200 
177,956 
Charge for the year
- 
10,039 
- 
791 
10,830 
At 30 September 2023
150,614 
34,789 
392 
2,991 
188,786 
Net book value
At 30 September 2023
- 
45,732 
- 
963 
46,695 
At 30 September 2022
(2,936)
55,771 
- 
594 
53,429 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
84,200 
70,051 
Accrued income and prepayments
5,980 
6,090 
90,180 
76,141 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,695 
11,771 
Trade creditors
84,590 
108,371 
Taxes and social security
56,371 
34,317 
145,656 
154,459 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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