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REGISTERED NUMBER: 04276560 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Craven Electrical Wholesalers Limited

Craven Electrical Wholesalers Limited (Registered number: 04276560)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craven Electrical Wholesalers Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D Mason
R N B Mason





SECRETARY: Mrs A Mason





REGISTERED OFFICE: The Old Brewery
Brook Street
Welshpool
Powys
SY21 7LF





REGISTERED NUMBER: 04276560 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Craven Electrical Wholesalers Limited (Registered number: 04276560)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,516 33,344

CURRENT ASSETS
Stocks 183,370 164,012
Debtors 5 157,025 136,021
Cash at bank and in hand 5,774 59,283
346,169 359,316
CREDITORS
Amounts falling due within one year 6 159,325 161,494
NET CURRENT ASSETS 186,844 197,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,360

231,166

CREDITORS
Amounts falling due after more than one
year

7

(18,450

)

(28,238

)

PROVISIONS FOR LIABILITIES (7,365 ) (5,944 )
NET ASSETS 201,545 196,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 201,445 196,884
201,545 196,984

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

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

Craven Electrical Wholesalers Limited (Registered number: 04276560)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





D Mason - Director


Craven Electrical Wholesalers Limited (Registered number: 04276560)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Craven Electrical Wholesalers 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.

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 Statement of Income and Retained Earnings, 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.

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.

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.

Craven Electrical Wholesalers Limited (Registered number: 04276560)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 152,708
Additions 24,680
Disposals (41,502 )
At 31 August 2023 135,886
DEPRECIATION
At 1 September 2022 119,364
Charge for year 9,841
Eliminated on disposal (33,835 )
At 31 August 2023 95,370
NET BOOK VALUE
At 31 August 2023 40,516
At 31 August 2022 33,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 155,120 133,751
Other debtors 1,905 2,270
157,025 136,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 95,070 62,833
Taxation and social security 48,143 56,745
Other creditors 5,464 31,268
159,325 161,494

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 18,450 28,238