CONTROL EQUIPMENT (UK) LIMITED

Company Registration Number:
13224681 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

CONTROL EQUIPMENT (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

CONTROL EQUIPMENT (UK) LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 5,679 9,940
Tangible assets: 4 340,275 331,527
Investments: 5 11,675 13,150
Total fixed assets: 357,629 354,617
Current assets
Stocks: 277,381 103,493
Debtors: 6 1,114,350 721,671
Cash at bank and in hand: 44,171 10,250
Total current assets: 1,435,902 835,414
Creditors: amounts falling due within one year: 7 (2,747,163) (1,792,105)
Net current assets (liabilities): (1,311,261) (956,691)
Total assets less current liabilities: (953,632) (602,074)
Total net assets (liabilities): (953,632) (602,074)
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:8(18,987)0
Profit and loss account: (934,646) (602,075)
Shareholders funds: (953,632) (602,074)

The notes form part of these financial statements

CONTROL EQUIPMENT (UK) LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: Alan McCarthy
Status: Director

The notes form part of these financial statements

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 24 14

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible Assets

Total
Cost £
At 01 November 2022 17,042
At 31 October 2023 17,042
Amortisation
At 01 November 2022 7,102
Charge for year 4,261
At 31 October 2023 11,363
Net book value
At 31 October 2023 5,679
At 31 October 2022 9,940

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 359,700
Additions 56,175
At 31 October 2023 415,875
Depreciation
At 01 November 2022 28,173
Charge for year 47,427
At 31 October 2023 75,600
Net book value
At 31 October 2023 340,275
At 31 October 2022 331,527

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Fixed investments

NONE

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Creditors: amounts falling due within one year note

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Revaluation reserve

2023
£
Balance at 01 November 2022 0
Surplus or deficit after revaluation (18,987)
Balance at 31 October 2023 (18,987)

CONTROL EQUIPMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

9. Post balance sheet events

A change in ownership of the CEL Group occurred in February 2024. As part of this change in ownership, Vincent McDermott resigned as a director of Control Equipment UK Limited, while Alan McCartney and Terence Monaghan were both appointed as directors of the company. There have been no other significant events affecting the Company since the financial year end.