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REGISTERED NUMBER: 07598170 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Coxon Electrical Limited

Coxon Electrical Limited (Registered number: 07598170)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Coxon Electrical Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G P Coxon



REGISTERED OFFICE: Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



REGISTERED NUMBER: 07598170 (England and Wales)



ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB



BANKERS: Lloyds TSB
High Street
Burton On Trent
Staffordshire
DE14 1JA

Coxon Electrical Limited (Registered number: 07598170)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,552 18,263

CURRENT ASSETS
Debtors 5 29,304 21,468
Cash at bank 311,661 299,044
340,965 320,512
CREDITORS
Amounts falling due within one year 6 378,458 326,261
NET CURRENT LIABILITIES (37,493 ) (5,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,059

12,514

PROVISIONS FOR LIABILITIES 8,845 2,825
NET ASSETS 214 9,689

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 114 9,589
SHAREHOLDERS' FUNDS 214 9,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Coxon Electrical Limited (Registered number: 07598170)

Statement of Financial Position - continued
31 March 2024


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 director and authorised for issue on 10 October 2024 and were signed by:





G P Coxon - Director


Coxon Electrical Limited (Registered number: 07598170)

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

1. STATUTORY INFORMATION

Coxon 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 - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Loans from directors
Any loans from the Director to the company are interest free and repayable on demand.

Coxon Electrical Limited (Registered number: 07598170)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 52,313 654 53,806 2,368 109,141
Additions - - 45,495 - 45,495
Disposals - - (30,002 ) - (30,002 )
At 31 March 2024 52,313 654 69,299 2,368 124,634
DEPRECIATION
At 1 April 2023 43,835 654 44,021 2,368 90,878
Charge for year 1,696 - 13,257 - 14,953
Eliminated on disposal - - (27,749 ) - (27,749 )
At 31 March 2024 45,531 654 29,529 2,368 78,082
NET BOOK VALUE
At 31 March 2024 6,782 - 39,770 - 46,552
At 31 March 2023 8,478 - 9,785 - 18,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,696 19,630
Prepayments 608 1,838
29,304 21,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 56,560 -
Tax 9,011 19,399
VAT 1,865 6,594
Other creditors 477 1,195
Directors' current accounts 309,535 298,118
Accrued expenses 1,010 955
378,458 326,261

Coxon Electrical Limited (Registered number: 07598170)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100