C & D Electrical (N.I.) Limited NI638016 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is electrical contracting Digita Accounts Production Advanced 6.30.9574.0 true NI638016 2023-05-01 2024-04-30 NI638016 2024-04-30 NI638016 core:CurrentFinancialInstruments 2024-04-30 NI638016 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 NI638016 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 NI638016 core:FurnitureFittingsToolsEquipment 2024-04-30 NI638016 core:OtherPropertyPlantEquipment 2024-04-30 NI638016 bus:SmallEntities 2023-05-01 2024-04-30 NI638016 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI638016 bus:FilletedAccounts 2023-05-01 2024-04-30 NI638016 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI638016 bus:RegisteredOffice 2023-05-01 2024-04-30 NI638016 bus:Director1 2023-05-01 2024-04-30 NI638016 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI638016 core:FurnitureFittings 2023-05-01 2024-04-30 NI638016 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI638016 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 NI638016 core:ToolsEquipment 2023-05-01 2024-04-30 NI638016 countries:NorthernIreland 2023-05-01 2024-04-30 NI638016 2023-04-30 NI638016 core:FurnitureFittingsToolsEquipment 2023-04-30 NI638016 core:OtherPropertyPlantEquipment 2023-04-30 NI638016 2022-05-01 2023-04-30 NI638016 2023-04-30 NI638016 core:CurrentFinancialInstruments 2023-04-30 NI638016 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 NI638016 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 NI638016 core:FurnitureFittingsToolsEquipment 2023-04-30 NI638016 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: NI638016

C & D Electrical (N.I.) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

C & D Electrical (N.I.) Limited

(Registration number: NI638016)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

138,295

79,958

Current assets

 

Work in progress

5

121,242

70,850

Debtors

6

348,403

187,809

Cash at bank and in hand

 

27,924

143,259

 

497,569

401,918

Creditors: Amounts falling due within one year

7

(223,608)

(160,134)

Net current assets

 

273,961

241,784

Total assets less current liabilities

 

412,256

321,742

Creditors: Amounts falling due after more than one year

7

(90,800)

(40,450)

Provisions for liabilities

(28,944)

(14,359)

Net assets

 

292,512

266,933

Capital and reserves

 

Called up share capital

100

100

Retained earnings

292,412

266,833

Shareholders' funds

 

292,512

266,933

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

C & D Electrical (N.I.) Limited

(Registration number: NI638016)
Balance Sheet as at 30 April 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2024
 

.........................................

Mr David McSwiggan
Director

 

C & D Electrical (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 3 Grange Road, Magherafelt, County Londonderry, BT45 5EL.

These financial statements were authorised for issue by the director on 30 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C & D Electrical (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

20% reducing balance basis

Fixtures and fittings

20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Work in progress

Work in progress is valued at cost of labour and materials plus attributable profits less foreseeable losses.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

C & D Electrical (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 9).

4

Tangible assets

Fixtures and fittings
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 May 2023

2,899

151,584

154,483

Additions

-

133,318

133,318

Disposals

-

(85,976)

(85,976)

At 30 April 2024

2,899

198,926

201,825

Depreciation

At 1 May 2023

2,212

72,313

74,525

Charge for the year

137

34,436

34,573

Eliminated on disposal

-

(45,568)

(45,568)

At 30 April 2024

2,349

61,181

63,530

Carrying amount

At 30 April 2024

550

137,745

138,295

At 30 April 2023

687

79,271

79,958

 

C & D Electrical (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Work in progress

2024
£

2023
£

Other inventories

121,242

70,850

6

Debtors

Current

2024
£

2023
£

Trade debtors

309,641

131,804

Other debtors

38,762

56,005

 

348,403

187,809

7

Creditors

2024
£

2023
£

Due within one year

 

Loans and borrowings

35,971

28,025

Trade creditors

 

132,759

101,296

Accruals and deferred income

 

12,168

12,000

Other creditors

 

42,710

18,813

 

223,608

160,134

8

Related party transactions

Included in debtors due within one year are the following amounts due from the director:

2024
 £

2023
 £

Directors current account

30,738

36,605

No interest is being charged on this balance.