IRIS Accounts Production v24.2.0.383 04353019 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043530192023-01-31043530192024-01-31043530192023-02-012024-01-31043530192022-01-31043530192022-02-012023-01-31043530192023-01-3104353019ns15:EnglandWales2023-02-012024-01-3104353019ns14:PoundSterling2023-02-012024-01-3104353019ns10:Director12023-02-012024-01-3104353019ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104353019ns10:SmallEntities2023-02-012024-01-3104353019ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104353019ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104353019ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104353019ns10:FullAccounts2023-02-012024-01-310435301912023-02-012024-01-3104353019ns10:OrdinaryShareClass12023-02-012024-01-3104353019ns10:Director22023-02-012024-01-3104353019ns10:Director32023-02-012024-01-3104353019ns10:CompanySecretary12023-02-012024-01-3104353019ns10:RegisteredOffice2023-02-012024-01-3104353019ns5:CurrentFinancialInstruments2024-01-3104353019ns5:CurrentFinancialInstruments2023-01-3104353019ns5:Non-currentFinancialInstruments2024-01-3104353019ns5:Non-currentFinancialInstruments2023-01-3104353019ns5:ShareCapital2024-01-3104353019ns5:ShareCapital2023-01-3104353019ns5:RevaluationReserve2024-01-3104353019ns5:RevaluationReserve2023-01-3104353019ns5:RetainedEarningsAccumulatedLosses2024-01-3104353019ns5:RetainedEarningsAccumulatedLosses2023-01-3104353019ns5:NetGoodwill2023-02-012024-01-3104353019ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3104353019ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-02-012024-01-3104353019ns5:PlantMachinery2023-02-012024-01-3104353019ns5:FurnitureFittings2023-02-012024-01-3104353019ns5:MotorVehicles2023-02-012024-01-3104353019ns5:NetGoodwill2023-01-3104353019ns5:NetGoodwill2024-01-3104353019ns5:NetGoodwill2023-01-3104353019ns5:LandBuildings2023-01-3104353019ns5:PlantMachinery2023-01-3104353019ns5:FurnitureFittings2023-01-3104353019ns5:MotorVehicles2023-01-3104353019ns5:LandBuildings2023-02-012024-01-3104353019ns5:LandBuildings2024-01-3104353019ns5:PlantMachinery2024-01-3104353019ns5:FurnitureFittings2024-01-3104353019ns5:MotorVehicles2024-01-3104353019ns5:LandBuildings2023-01-3104353019ns5:PlantMachinery2023-01-3104353019ns5:FurnitureFittings2023-01-3104353019ns5:MotorVehicles2023-01-3104353019ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3104353019ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3104353019ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104353019ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104353019ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104353019ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104353019ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-01-3104353019ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-01-3104353019ns5:HirePurchaseContracts2024-01-3104353019ns5:HirePurchaseContracts2023-01-3104353019ns5:WithinOneYear2024-01-3104353019ns5:WithinOneYear2023-01-3104353019ns5:BetweenOneFiveYears2024-01-3104353019ns5:BetweenOneFiveYears2023-01-3104353019ns5:AllPeriods2024-01-3104353019ns5:AllPeriods2023-01-3104353019ns10:OrdinaryShareClass12024-01-3104353019ns5:RevaluationReserve2023-01-3104353019ns10:Director222023-01-3104353019ns10:Director222022-01-3104353019ns10:Director222023-02-012024-01-3104353019ns10:Director222022-02-012023-01-3104353019ns10:Director222024-01-3104353019ns10:Director222023-01-31043530191ns10:Director12023-01-31043530191ns10:Director12022-01-31043530191ns10:Director12023-02-012024-01-31043530191ns10:Director12022-02-012023-01-31043530191ns10:Director12024-01-31043530191ns10:Director12023-01-31
REGISTERED NUMBER: 04353019 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Cronshaw Electrical Limited

Cronshaw Electrical Limited (Registered number: 04353019)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cronshaw Electrical Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr T J Cronshaw
Mr P J Cronshaw
Mr S Dinsdale





SECRETARY: Mr T J Cronshaw





REGISTERED OFFICE: Unit 2
Vale Mill Business Park
Emerald Street
Blackburn
Lancashire
BB1 9JR





REGISTERED NUMBER: 04353019 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Cronshaw Electrical Limited (Registered number: 04353019)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,116
Tangible assets 5 240,142 282,179
240,142 286,295

CURRENT ASSETS
Stocks 6 1,687,996 1,000,015
Debtors 7 708,848 276,024
Cash at bank 1,069,816 726,422
3,466,660 2,002,461
CREDITORS
Amounts falling due within one year 8 1,909,650 910,118
NET CURRENT ASSETS 1,557,010 1,092,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,797,152

1,378,638

CREDITORS
Amounts falling due after more than
one year

9

(21,321

)

(25,733

)

PROVISIONS FOR LIABILITIES (57,706 ) (25,757 )
NET ASSETS 1,718,125 1,327,148

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 - 38,400
Retained earnings 1,718,025 1,288,648
SHAREHOLDERS' FUNDS 1,718,125 1,327,148

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

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

The directors acknowledge their 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.

Cronshaw Electrical Limited (Registered number: 04353019)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





Mr P J Cronshaw - Director


Cronshaw Electrical Limited (Registered number: 04353019)

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

1. STATUTORY INFORMATION

Cronshaw 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised at 7.5% straight line method.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 20% and 33.33% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 balance sheet date.


Cronshaw Electrical Limited (Registered number: 04353019)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 97,849
AMORTISATION
At 1 February 2023 93,733
Charge for year 4,116
At 31 January 2024 97,849
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 4,116

Cronshaw Electrical Limited (Registered number: 04353019)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 103,600 18,572 5,391 279,724 407,287
Additions - - 985 93,817 94,802
Disposals (103,600 ) - - - (103,600 )
At 31 January 2024 - 18,572 6,376 373,541 398,489
DEPRECIATION
At 1 February 2023 15,540 11,344 2,398 95,826 125,108
Charge for year - 1,807 995 45,977 48,779
Eliminated on disposal (15,540 ) - - - (15,540 )
At 31 January 2024 - 13,151 3,393 141,803 158,347
NET BOOK VALUE
At 31 January 2024 - 5,421 2,983 231,738 240,142
At 31 January 2023 88,060 7,228 2,993 183,898 282,179

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 25,545
Reclassification/transfer 54,957
At 31 January 2024 80,502
DEPRECIATION
Charge for year 12,358
Reclassification/transfer 5,526
At 31 January 2024 17,884
NET BOOK VALUE
At 31 January 2024 62,618

6. STOCKS
2024 2023
£    £   
Stocks 10,000 8,200
Work-in-progress 1,677,996 991,815
1,687,996 1,000,015

Cronshaw Electrical Limited (Registered number: 04353019)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270 270
CEL properties ltd 512,686 230,000
Other debtors 3,233 -
Cycle scheme loan 716 -
Directors' current accounts 1 -
VAT 174,057 28,495
Prepayments 17,885 17,259
708,848 276,024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 17,099 12,833
Trade creditors 1,651,373 751,790
Tax 135,472 58,526
Social security and other taxes 29,714 22,241
Other creditors - 35,196
Credit card 55,283 543
Net wages payable 14,083 -
Directors' current accounts 596 23,659
Accrued expenses 6,030 5,330
1,909,650 910,118

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 21,321 25,733

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 17,099 12,833
Between one and five years 21,321 25,733
38,420 38,566

Cronshaw Electrical Limited (Registered number: 04353019)

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

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 28,080 11,214
Between one and five years - 4,904
28,080 16,118

These operating leases include £4,904 for car rent and £28, 080 for unit rent.

11. CALLED UP SHARE CAPITAL

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

12. RESERVES
Revaluation
reserve
£   
At 1 February 2023 38,400
Reserves transfer (38,400 )

At 31 January 2024 -

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr T J Cronshaw
Balance outstanding at start of year 23,426 25,954
Amounts repaid (22,832 ) (2,528 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 594 23,426

Mr P J Cronshaw
Balance outstanding at start of year 233 425
Amounts advanced 9,075 2,000
Amounts repaid (9,308 ) (2,192 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 233

Cronshaw Electrical Limited (Registered number: 04353019)

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

14. RELATED PARTY DISCLOSURES

During the year, the company paid rent of £21,316 (2023 £18,400) to the CEL SIPP which is a personal pension plan of the directors.