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Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CES Lighting & Electrical Specialists
LLP

CES Lighting & Electrical Specialists
LLP (Registered number: OC404403)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


CES Lighting & Electrical Specialists
LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: R S P Slessenger
G D Ashworth
C F Smith





REGISTERED OFFICE: Crusader Hall
25c Stanley Park Road
Wallington
Surrey
SM6 0HL





REGISTERED NUMBER: OC404403 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

CES Lighting & Electrical Specialists
LLP (Registered number: OC404403)

Report of the Members
for the Year Ended 31 March 2024


The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of lighting and electrical contractors.

DESIGNATED MEMBERS
The designated members during the year under review were:

R S P Slessenger
G D Ashworth
C F Smith

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £374,419 (2023 - £270,274 profit).

MEMBERS' INTERESTS

POLITICAL DONATIONS AND EXPENDITURE
Stewardship - £750
Mercy Homes - £3,300
Community Building Project - £500
Grace Evangelistic Ministries - £1,000

ON BEHALF OF THE MEMBERS:





R S P Slessenger - Designated member


25 July 2024

CES Lighting & Electrical Specialists
LLP (Registered number: OC404403)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 1,973,158 1,690,582

Cost of sales (1,406,069 ) (1,242,182 )
GROSS PROFIT 567,089 448,400

Administrative expenses (195,150 ) (178,562 )
371,939 269,838

Other operating income 417 -
OPERATING PROFIT 4 372,356 269,838

Interest receivable and similar income 2,063 436
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




374,419




270,274

CES Lighting & Electrical Specialists
LLP (Registered number: OC404403)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 125,840 96,571

CURRENT ASSETS
Stocks 6 109,111 115,947
Debtors 7 218,070 126,755
Cash at bank 135,593 178,923
462,774 421,625
CREDITORS
Amounts falling due within one year 8 174,783 184,746
NET CURRENT ASSETS 287,991 236,879
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

413,831

333,450

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

413,831

333,450

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 413,831 333,450

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 July 2024 and were signed by:




R S P Slessenger - Designated member




G D Ashworth - Designated member


CES Lighting & Electrical Specialists
LLP (Registered number: OC404403)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

CES Lighting & Electrical Specialists LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 17 (2023 - 15 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 32,673 19,001

CES Lighting & Electrical Specialists
LLP (Registered number: OC404403)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 6,297 4,877 149,563 18,719 179,456
Additions - - 59,409 5,319 64,728
Disposals - - (9,311 ) - (9,311 )
At 31 March 2024 6,297 4,877 199,661 24,038 234,873
DEPRECIATION
At 1 April 2023 6,297 3,622 61,973 10,993 82,885
Charge for year - 314 30,107 2,252 32,673
Eliminated on disposal - - (6,525 ) - (6,525 )
At 31 March 2024 6,297 3,936 85,555 13,245 109,033
NET BOOK VALUE
At 31 March 2024 - 941 114,106 10,793 125,840
At 31 March 2023 - 1,255 87,590 7,726 96,571

6. STOCKS
2024 2023
£    £   
Work-in-progress 109,111 115,947

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 204,630 117,382
Prepayments 13,440 9,373
218,070 126,755

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,141 107,754
Social security and other taxes 14,798 12,675
Pension fund 906 549
VAT 39,905 25,031
Accrued expenses 43,033 38,737
174,783 184,746

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 413,831 333,450

Falling due within one year 413,831 333,450

Loans and other debts due to members is working capital and retained profits due to members that has been retained in the business for operating activities.