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REGISTERED NUMBER: 04545594 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CORIN DUDLEY ELECTRICAL SERVICES LTD

CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORIN DUDLEY ELECTRICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C Dudley
D Bulled
V Dudley





SECRETARY: V Dudley





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 04545594 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,058 148,750

CURRENT ASSETS
Stocks 63,550 92,252
Debtors 5 438,545 757,502
Cash at bank and in hand 543,743 482,008
1,045,838 1,331,762
CREDITORS
Amounts falling due within one year 6 590,593 853,974
NET CURRENT ASSETS 455,245 477,788
TOTAL ASSETS LESS CURRENT LIABILITIES 596,303 626,538

CREDITORS
Amounts falling due after more than one
year

7

(29,246

)

(50,699

)

PROVISIONS FOR LIABILITIES (29,633 ) (33,486 )
NET ASSETS 537,424 542,353

CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 537,323 542,252
SHAREHOLDERS' FUNDS 537,424 542,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





C Dudley - Director


CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Corin Dudley Electrical Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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 Income Statement, 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.


CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 40 ) .

CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 360,947
Additions 31,238
Disposals (13,500 )
At 30 April 2024 378,685
DEPRECIATION
At 1 May 2023 212,197
Charge for year 37,916
Eliminated on disposal (12,486 )
At 30 April 2024 237,627
NET BOOK VALUE
At 30 April 2024 141,058
At 30 April 2023 148,750

CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 45,980
Additions 21,995
At 30 April 2024 67,975
DEPRECIATION
At 1 May 2023 6,653
Charge for year 15,330
At 30 April 2024 21,983
NET BOOK VALUE
At 30 April 2024 45,992
At 30 April 2023 39,327

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 312,584 505,287
Amounts recoverable on contract 85,493 218,562
Other debtors 40,468 33,653
438,545 757,502

CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,517 10,270
Hire purchase contracts 18,113 16,240
Trade creditors 236,875 263,121
Amounts owed to group undertakings 5,586 314,640
Taxation and social security 217,227 213,007
Other creditors 102,275 36,696
590,593 853,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 12,579 24,032
29,246 50,699

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 30,692 40,272

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary 'A' £1 50 50
50 Ordinary 'B' £1 50 50
1 Ordinary 'C' £1 1 1
101 101

CORIN DUDLEY ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 04545594)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
C Dudley
Balance outstanding at start of year 4,850 7,895
Amounts advanced - 4,807
Amounts repaid (4,850 ) (7,852 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,850

D Bulled
Balance outstanding at start of year - (1,015 )
Amounts advanced - 1,015
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest of £192 has been charged on the directors loan in the year at a rate of 2.25%.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Corin Dudley Electrical Services Holdings Limited by virtue of their majority shareholding.

12. CONSOLIDATED FINANCIAL STATEMENTS

The company is a wholly owned subsidiary of Corin Dudley Electrical Services Holdings Limited. Corin Dudley Electrical Services Holdings Limited is exempt by virtue of section 399 of The Companies Act 2006 from the requirement to prepare consolidated financial statements. Copies of the financial statements for Corin Dudley Electrical Services Holdings Limited can be obtained from Companies House in the United Kingdom.