Registered number
SC298281
CFR Electrical Services Limited
Filleted Accounts
31 March 2024
CFR Electrical Services Limited
Registered number: SC298281
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,470 19,294
Current assets
Debtors 4 - 3,890
Cash at bank and in hand 70,975 74,721
70,975 78,611
Creditors: amounts falling due within one year 5 (15,890) (18,094)
Net current assets 55,085 60,517
Total assets less current liabilities 69,555 79,811
Creditors: amounts falling due after more than one year 6 (5,850) (8,325)
Net assets 63,705 71,486
Capital and reserves
Called up share capital 2 2
Profit and loss account 63,703 71,484
Shareholders' funds 63,705 71,486
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Rougvie
Director
Approved by the board on 11 September 2023
CFR Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Plant and machinery 15% on a Reducing Balance basis
Motor Vehicles 25% on a Reducing Balance basis
Fixtures, fittings, tools and equipment 15% on a Reducing Balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 -
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 25,725
At 31 March 2024 25,725
Depreciation
At 1 April 2023 6,431
Charge for the year 4,824
At 31 March 2024 11,255
Net book value
At 31 March 2024 14,470
At 31 March 2023 19,294
4 Debtors 2024 2023
£ £
Trade debtors - (280)
Other debtors - 4,170
- 3,890
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,613 7,422
Corporation tax 2,995 8,598
Other taxes and social security costs 3,141 (229)
Other creditors 2,141 2,303
15,890 18,094
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,850 8,325
7 Other information
CFR Electrical Services Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
CFR Electrical Services Limited SC298281 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 C Rougvie No description of principal activity SC298281 2022-04-01 2023-03-31 SC298281 core:WithinOneYear 2023-03-31 SC298281 core:AfterOneYear 2023-03-31 SC298281 core:ShareCapital 2023-03-31 SC298281 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC298281 2023-04-01 2024-03-31 SC298281 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC298281 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC298281 bus:Director40 2023-04-01 2024-03-31 SC298281 1 2023-04-01 2024-03-31 SC298281 2 2023-04-01 2024-03-31 SC298281 core:Vehicles 2023-04-01 2024-03-31 SC298281 countries:England 2023-04-01 2024-03-31 SC298281 bus:FRS102 2023-04-01 2024-03-31 SC298281 bus:FilletedAccounts 2023-04-01 2024-03-31 SC298281 2024-03-31 SC298281 core:WithinOneYear 2024-03-31 SC298281 core:AfterOneYear 2024-03-31 SC298281 core:ShareCapital 2024-03-31 SC298281 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC298281 core:Vehicles 2024-03-31 SC298281 2023-03-31 SC298281 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure