2023-02-012024-01-312024-01-31false13834781COOPERS ELECTRICAL 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COOPERS ELECTRICAL LTD

Registered Number
13834781
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

COOPERS ELECTRICAL LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

COOPER, Adrian
DARWIN, Kevin

Registered Address

2 Colchester Road
St. Osyth
Clacton-On-Sea
CO16 8HA

Registered Number

13834781 (England and Wales)
COOPERS ELECTRICAL LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets352,1877,454
52,1877,454
Current assets
Debtors142,88986,739
Cash at bank and on hand14,79516,535
157,684103,274
Creditors amounts falling due within one year4(87,506)(51,134)
Net current assets (liabilities)70,17852,140
Total assets less current liabilities122,36559,594
Provisions for liabilities5(9,500)-
Net assets112,86559,594
Capital and reserves
Called up share capital100100
Profit and loss account112,76559,494
Shareholders' funds112,86559,594
The financial statements were approved and authorised for issue by the Board of Directors on 15 April 2024, and are signed on its behalf by:
COOPER, Adrian
Director
Registered Company No. 13834781
COOPERS ELECTRICAL LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 234848,0001,4549,938
Additions2,04158,1901,89862,129
At 31 January 242,52566,1903,35272,067
Depreciation and impairment
At 01 February 231212,0003632,484
Charge for year60116,04774817,396
At 31 January 2472218,0471,11119,880
Net book value
At 31 January 241,80348,1432,24152,187
At 31 January 233636,0001,0917,454
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,80112,982
Bank borrowings and overdrafts1,4292,785
Taxation and social security81,27635,367
Total87,50651,134
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9,500-
Total9,500-
6.Events after reporting date
After the financial reporting year ended, Kevin Darwin voluntarily resigned as a Director of Coopers Electrical Ltd, which was officiated with Companies House on 29th February 2024. All shares were transferred to the remaining Director, Adrian Cooper. Kevin Darwin did not claim additional remuneration for the transfer of these shares. As this is considered to be a non-adjusting event, no adjustments to the financial statements have been made in response to his departure. Management has assessed the impact of Kevin Darwin's resignation on Coopers Electrical Ltd's, concluding that this does not invalidate the company's going concern status.