12919098falseElectrical installation2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-10-31http://www.companieshouse.gov.uk/cd:Director12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director22022-11-012023-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-11-012023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-11-012023-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-10-31http://www.companieshouse.gov.uk/2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:FRS1022022-11-012023-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-11-012023-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 12919098

Coastal Electrical Services Lincs Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Coastal Electrical Services Lincs Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Nathan Alexander Platts
Alexander Jordan Wright
REGISTERED OFFICE
13 Saxby Avenue
Skegness
Lincolnshire
PE25 3LG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12919098
BANKERS
Starling & Tide
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Coastal Electrical Services Lincs Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Coastal Electrical Services Lincs Ltd

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets339,46633,686
CURRENT ASSETS
Stock45,24441,057
Debtors585,76953,528
Cash at bank and in hand232,452121,537
363,465216,122
CREDITORS: Amounts falling due within one year6309,472170,705
NET CURRENT ASSETS53,99345,417
TOTAL ASSETS LESS CURRENT LIABILITIES93,45979,103
PROVISIONS FOR LIABILITIES AND CHARGES79,3388,073
NET ASSETS84,12171,030
CAPITAL AND RESERVES
Called up share capital844
Profit and loss account84,11771,026
SHAREHOLDERS' FUNDS84,12171,030
For the year ending 31/10/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/01/2024 and signed on their behalf by
.............................
Nathan Alexander Platts
Director
.............................
Alexander Jordan Wright
Director

Coastal Electrical Services Lincs Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees66

Coastal Electrical Services Lincs Ltd

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/11/202252,05352,053
Additions18,93918,939
At 31/10/202370,99270,992
Depreciation
At 01/11/202218,36718,367
For the year13,15913,159
At 31/10/202331,52631,526
Net Book Amounts
At 31/10/202339,46639,466
At 31/10/202233,68633,686
4. STOCK 20232022
££
Stock comprises:
Stock2,0002,500
Work in progress43,24438,557
45,24441,057
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors85,76945,097
PAYE control-8,111
AOE deductions-320
85,76953,528

Coastal Electrical Services Lincs Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax28,73228,106
VAT13,3848,072
PAYE control1,100-
N Platts68,11642,081
A Wright69,69842,934
Bank Loan7,0324,084
MC15 LHT2,6934,999
LD17 ZDS7,4919,639
FT21 YYE14,047-
Trade creditors95,16328,545
Accruals2,0162,245
309,472170,705
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation9,3388,073
9,3388,073
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
2 Class B shares of £1 each22
44
New shares issued during period:
2 Ordinary shares of £1 each22
2 Class B shares of £1 each22
-2