5 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 20,000 20,000 xbrli:pure xbrli:shares iso4217:GBP 07648611 2022-06-01 2023-05-31 07648611 2023-05-31 07648611 2022-05-31 07648611 2021-06-01 2022-05-31 07648611 2022-05-31 07648611 core:NetGoodwill 2022-06-01 2023-05-31 07648611 core:PlantMachinery 2022-06-01 2023-05-31 07648611 core:MotorVehicles 2022-06-01 2023-05-31 07648611 bus:Director1 2022-06-01 2023-05-31 07648611 core:NetGoodwill 2023-05-31 07648611 core:PlantMachinery 2022-05-31 07648611 core:MotorVehicles 2022-05-31 07648611 core:PlantMachinery 2023-05-31 07648611 core:MotorVehicles 2023-05-31 07648611 core:WithinOneYear 2023-05-31 07648611 core:WithinOneYear 2022-05-31 07648611 core:AfterOneYear 2023-05-31 07648611 core:AfterOneYear 2022-05-31 07648611 core:ShareCapital 2023-05-31 07648611 core:ShareCapital 2022-05-31 07648611 core:RetainedEarningsAccumulatedLosses 2023-05-31 07648611 core:RetainedEarningsAccumulatedLosses 2022-05-31 07648611 core:PlantMachinery 2022-05-31 07648611 bus:SmallEntities 2022-06-01 2023-05-31 07648611 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 07648611 bus:FullAccounts 2022-06-01 2023-05-31 07648611 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 07648611 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
COMPANY REGISTRATION NUMBER: 07648611
Conrad Pope Electrical Services Limited
Filleted Unaudited Financial Statements
31 May 2023
Conrad Pope Electrical Services Limited
Financial Statements
Year ended 31 May 2023
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Conrad Pope Electrical Services Limited
Balance Sheet
31 May 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
3,463
5,406
Current assets
Debtors
7
33,499
22,564
Cash at bank and in hand
108,078
97,084
---------
---------
141,577
119,648
Creditors: amounts falling due within one year
8
( 64,656)
( 67,947)
---------
---------
Net current assets
76,921
51,701
--------
--------
Total assets less current liabilities
80,384
57,107
Creditors: amounts falling due after more than one year
9
( 26,923)
( 32,203)
Provisions
Taxation including deferred tax
( 866)
( 1,027)
--------
--------
Net assets
52,595
23,877
--------
--------
Conrad Pope Electrical Services Limited
Balance Sheet (continued)
31 May 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
52,495
23,777
--------
--------
Shareholders funds
52,595
23,877
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 January 2024 , and are signed on behalf of the board by:
Mr C Pope
Director
Company registration number: 07648611
Conrad Pope Electrical Services Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25% straight line
Motor vehicles
-
25% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 June 2022 and 31 May 2023
20,000
--------
Amortisation
At 1 June 2022 and 31 May 2023
20,000
--------
Carrying amount
At 31 May 2023
--------
At 31 May 2022
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 June 2022 and 31 May 2023
10,767
38,125
48,892
--------
--------
--------
Depreciation
At 1 June 2022
5,361
38,125
43,486
Charge for the year
1,943
1,943
--------
--------
--------
At 31 May 2023
7,304
38,125
45,429
--------
--------
--------
Carrying amount
At 31 May 2023
3,463
3,463
--------
--------
--------
At 31 May 2022
5,406
5,406
--------
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
29,987
18,750
Other debtors
3,512
3,814
--------
--------
33,499
22,564
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,444
4,444
Trade creditors
22,296
28,526
Corporation tax
12,884
9,374
Social security and other taxes
8,981
6,948
Other creditors
16,051
18,655
--------
--------
64,656
67,947
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
26,667
31,111
Other creditors
256
1,092
--------
--------
26,923
32,203
--------
--------
10. Director's advances, credits and guarantees
The director had an interest-free, repayable on demand loan with the company during the year. At the beginning of the year the company owed him £3,476, and at the end of the year the company owed him £5,331.