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REGISTERED NUMBER: 05605832 (England and Wales)
























Unaudited Financial Statements for the Year Ended 31 December 2023

for

Cradan Electrical Limited

Cradan Electrical Limited (Registered number: 05605832)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cradan Electrical Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Attenborough
D J Richardson
A J Collins
M L Hooper





SECRETARY: C Attenborough





REGISTERED OFFICE: 2 Flamstead Avenue
Lambley
Nottingham
NG4 4PL





REGISTERED NUMBER: 05605832 (England and Wales)





ACCOUNTANTS: D&D Accountancy Services Ltd
Toll Bar House
1 Derby Road
Ilkeston
Derbyshire
DE7 5FH

Cradan Electrical Limited (Registered number: 05605832)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,364 7,428

CURRENT ASSETS
Stocks - 3,640
Debtors 5 14,222 24,245
Cash at bank 69,880 63,450
84,102 91,335
CREDITORS
Amounts falling due within one year 6 48,357 49,093
NET CURRENT ASSETS 35,745 42,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,109

49,670

PROVISIONS FOR LIABILITIES 1,399 1,411
NET ASSETS 41,710 48,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,610 48,159
41,710 48,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Cradan Electrical Limited (Registered number: 05605832)

Balance Sheet - continued
31 December 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 17 July 2024 and were signed on its behalf by:





D J Richardson - Director


Cradan Electrical Limited (Registered number: 05605832)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cradan Electrical 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.

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.
Plant and machinery etc - 25% on reducing balance and Straight line over 5 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2022 - 4 ) .

Cradan Electrical Limited (Registered number: 05605832)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 4,224 37,900 8,138 50,262
Additions - - 2,323 2,323
At 31 December 2023 4,224 37,900 10,461 52,585
DEPRECIATION
At 1 January 2023 4,224 34,105 4,505 42,834
Charge for year - 949 1,438 2,387
At 31 December 2023 4,224 35,054 5,943 45,221
NET BOOK VALUE
At 31 December 2023 - 2,846 4,518 7,364
At 31 December 2022 - 3,795 3,633 7,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,190 23,260
Other debtors 1,032 985
14,222 24,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 42,135 41,149
Other creditors 6,222 7,944
48,357 49,093