Registered number
12095768
CDS Electrical Solutions NW Ltd
Filleted Accounts
31 July 2023
CDS Electrical Solutions NW Ltd
Registered number: 12095768
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,277 19,443
Current assets
Debtors 4 19,693 18,527
Cash at bank and in hand 33,584 9,184
53,277 27,711
Creditors: amounts falling due within one year 5 (37,242) (38,876)
Net current assets/(liabilities) 16,035 (11,165)
Total assets less current liabilities 31,312 8,278
Creditors: amounts falling due after more than one year 6 (741) (3,370)
Provisions for liabilities (2,900) (3,500)
Net assets 27,671 1,408
Capital and reserves
Called up share capital 99 99
Profit and loss account 27,572 1,309
Shareholders' funds 27,671 1,408
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D L Harris
Director
Approved by the board on 12 March 2024
CDS Electrical Solutions NW Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 August 2022 18,567 20,410 38,977
Additions 591 - 591
At 31 July 2023 19,158 20,410 39,568
Depreciation
At 1 August 2022 8,938 10,596 19,534
Charge for the year 2,303 2,454 4,757
At 31 July 2023 11,241 13,050 24,291
Net book value
At 31 July 2023 7,917 7,360 15,277
At 31 July 2022 9,629 9,814 19,443
4 Debtors 2023 2022
£ £
Trade debtors 17,810 18,527
Other debtors 1,883 -
19,693 18,527
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1 -
Obligations under finance lease and hire purchase contracts 2,630 2,630
Trade creditors 1,136 267
Taxation and social security costs 22,807 11,329
Other creditors 10,668 24,650
37,242 38,876
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 741 3,370
7 Related party transactions
Directors' Loan Account 2023 2022
The directors are related parties to the company. At 31 July, the company owed the related partes the following short term, interest free, unsecured loans which are repayable upon demand. £ £
Amount due to the related parties 8,770 22,408
8 Controlling party
The directors are the untimate controlling parties by virtue of their ownership of the entire issued share capital of the company.
9 Other information
CDS Electrical Solutions NW Ltd is a private company limited by shares and incorporated in England. Its registered office is:
89 Chorley Road
Swinton
Manchester
M27 4AA
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