IRIS Accounts Production v24.1.0.578 01770233 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017702332022-11-30017702332023-11-30017702332022-12-012023-11-30017702332021-11-30017702332021-12-012022-11-30017702332022-11-3001770233ns15:EnglandWales2022-12-012023-11-3001770233ns14:PoundSterling2022-12-012023-11-3001770233ns10:Director12022-12-012023-11-3001770233ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3001770233ns10:SmallEntities2022-12-012023-11-3001770233ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3001770233ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3001770233ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3001770233ns10:FullAccounts2022-12-012023-11-3001770233ns10:Director22022-12-012023-11-3001770233ns10:CompanySecretary12022-12-012023-11-3001770233ns10:RegisteredOffice2022-12-012023-11-3001770233ns5:CurrentFinancialInstruments2023-11-3001770233ns5:CurrentFinancialInstruments2022-11-3001770233ns5:ShareCapital2023-11-3001770233ns5:ShareCapital2022-11-3001770233ns5:RetainedEarningsAccumulatedLosses2023-11-3001770233ns5:RetainedEarningsAccumulatedLosses2022-11-3001770233ns5:FurnitureFittings2022-12-012023-11-3001770233ns5:FurnitureFittings2022-11-3001770233ns5:FurnitureFittings2023-11-3001770233ns5:FurnitureFittings2022-11-3001770233ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3001770233ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 01770233 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CIRAC ENGINEERING LIMITED

CIRAC ENGINEERING LIMITED (REGISTERED NUMBER: 01770233)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CIRAC ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr P Clarke
Mrs P D Clarke





SECRETARY: Mr P Clarke





REGISTERED OFFICE: Unit 2 Orion Industrial Estate
Wide Lane
Swaythling
Southampton
Hampshire
SO18 2HJ





REGISTERED NUMBER: 01770233 (England and Wales)





ACCOUNTANTS: Willcox & Co
10 Chilcott Court
Southampton
SO52 9PS

CIRAC ENGINEERING LIMITED (REGISTERED NUMBER: 01770233)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 402 536
Investment property 5 150,000 150,000
150,402 150,536

CURRENT ASSETS
Stocks 150 150
Debtors 6 2,831 243,972
Cash at bank 500,320 267,036
503,301 511,158
CREDITORS
Amounts falling due within one year 7 7,729 3,505
NET CURRENT ASSETS 495,572 507,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

645,974

658,189

PROVISIONS FOR LIABILITIES - 10,350
NET ASSETS 645,974 647,839

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 645,874 647,739
SHAREHOLDERS' FUNDS 645,974 647,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

CIRAC ENGINEERING LIMITED (REGISTERED NUMBER: 01770233)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr P Clarke - Director


CIRAC ENGINEERING LIMITED (REGISTERED NUMBER: 01770233)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Cirac Engineering 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CIRAC ENGINEERING LIMITED (REGISTERED NUMBER: 01770233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 14,799
DEPRECIATION
At 1 December 2022 14,263
Charge for year 134
At 30 November 2023 14,397
NET BOOK VALUE
At 30 November 2023 402
At 30 November 2022 536

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 150,000
NET BOOK VALUE
At 30 November 2023 150,000
At 30 November 2022 150,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 150,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 95,521 95,521

Investment property was valued on an open market basis on 30 November 2023 by the directors .

CIRAC ENGINEERING LIMITED (REGISTERED NUMBER: 01770233)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,530 -
Other debtors 1,301 243,972
2,831 243,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 3,292 422
Taxation and social security 188 (46 )
Other creditors 4,249 3,129
7,729 3,505

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2022 - £1,500) were paid to the directors .