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REGISTERED NUMBER: 08488181 (England and Wales)















Financial Statements for the Year Ended 30th April 2023

for

Credland Electrical Limited

Credland Electrical Limited (Registered number: 08488181)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Credland Electrical Limited

Company Information
for the Year Ended 30th April 2023







DIRECTORS: A R Credland
Mrs M Credland





REGISTERED OFFICE: 5 Raymond Road
Scunthorpe
North Lincolnshire
DN16 2LN





REGISTERED NUMBER: 08488181 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

Credland Electrical Limited (Registered number: 08488181)

Balance Sheet
30th April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,225 5,997

CURRENT ASSETS
Stocks 550 675
Debtors 5 7,976 22,029
Cash at bank 20,959 14,238
29,485 36,942
CREDITORS
Amounts falling due within one year 6 21,484 23,736
NET CURRENT ASSETS 8,001 13,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,226

19,203

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 21,126 19,103
SHAREHOLDERS' FUNDS 21,226 19,203

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Credland Electrical Limited (Registered number: 08488181)

Balance Sheet - continued
30th April 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 Board of Directors and authorised for issue on 9th November 2023 and were signed on its behalf by:





A R Credland - Director


Credland Electrical Limited (Registered number: 08488181)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

Credland Electrical 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Office Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Credland Electrical Limited (Registered number: 08488181)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1st May 2022 11,378 2,231 12,679 26,288
Additions - 665 11,095 11,760
Disposals - - (12,679 ) (12,679 )
At 30th April 2023 11,378 2,896 11,095 25,369
DEPRECIATION
At 1st May 2022 7,930 951 11,410 20,291
Charge for year 862 321 2,397 3,580
Eliminated on disposal - - (11,727 ) (11,727 )
At 30th April 2023 8,792 1,272 2,080 12,144
NET BOOK VALUE
At 30th April 2023 2,586 1,624 9,015 13,225
At 30th April 2022 3,448 1,280 1,269 5,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 7,522 21,373
Other debtors 454 656
7,976 22,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 1,442 1,563
Taxation and social security 6,288 7,519
Other creditors 13,754 14,654
21,484 23,736

Credland Electrical Limited (Registered number: 08488181)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1st May 2022 19,103
Profit for the year 17,023
Dividends (15,000 )
At 30th April 2023 21,126