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
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
Core Electrical Services (Southern) Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
46,695
53,429
Cash at bank and in hand
104,469
128,404
Creditors: amounts falling due within one year
(145,656)
(154,459)
Net current assets
48,993
50,086
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
Core Electrical Services (Southern) Ltd
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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
At 30 September 2023
29,600
At 30 September 2023
29,600
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
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
At 30 September 2023
-
45,732
-
963
46,695
At 30 September 2022
(2,936)
55,771
-
594
53,429
Amounts falling due within one year
Trade debtors
84,200
70,051
Accrued income and prepayments
5,980
6,090
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
84,590
108,371
Taxes and social security
56,371
34,317
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).