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Company Registration No. 10489106 (England and Wales)
Cardean Electrical Services Limited Unaudited accounts for the year ended 31 December 2023
Cardean Electrical Services Limited Unaudited accounts Contents
Page
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Cardean Electrical Services Limited Company Information for the year ended 31 December 2023
Directors
Mr Peter Fraser Carnochan Mr Craige Jamie Deaney
Company Number
10489106 (England and Wales)
Registered Office
58 Glenester Close Hoddesdon England EN11 9LR ENGLAND
Accountants
Accounting Wise Ltd 3 The Carriages Station Road Ware Hertfordshire SG129PL
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Cardean Electrical Services Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
2 
2 
Fixed assets
Tangible assets
6,180 
14,659 
Current assets
Inventories
4,790 
4,290 
Debtors
44,430 
28,610 
Cash at bank and in hand
150,868 
143,218 
200,088 
176,118 
Creditors: amounts falling due within one year
(99,782)
(100,992)
Net current assets
100,306 
75,126 
Total assets less current liabilities
106,488 
89,787 
Creditors: amounts falling due after more than one year
(29,420)
(35,782)
Net assets
77,068 
54,005 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
7,834 
7,834 
Profit and loss account
69,232 
46,169 
Shareholders' funds
77,068 
54,005 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
Mr Peter Fraser Carnochan Director Company Registration No. 10489106
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Cardean Electrical Services Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Cardean Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10489106. The registered office is 58 Glenester Close, Hoddesdon, England, EN11 9LR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% SLM
Fixtures & fittings
20% SLM
Computer equipment
33.33% SLM
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
23,733 
491 
2,794 
27,018 
Additions
- 
477 
- 
477 
At 31 December 2023
23,733 
968 
2,794 
27,495 
Depreciation
At 1 January 2023
10,854 
201 
1,304 
12,359 
Charge for the year
7,911 
114 
931 
8,956 
At 31 December 2023
18,765 
315 
2,235 
21,315 
Net book value
At 31 December 2023
4,968 
653 
559 
6,180 
At 31 December 2022
12,879 
290 
1,490 
14,659 
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Cardean Electrical Services Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,114 
15,122 
Accrued income and prepayments
9,316 
13,488 
44,430 
28,610 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
3,683 
- 
Trade creditors
13,974 
21,075 
Taxes and social security
31,595 
33,169 
Other creditors
5,296 
2,139 
Loans from directors
39,234 
38,609 
99,782 
100,992 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,420 
35,782 
8
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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