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REGISTERED NUMBER: 09205899 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHT ELECTRICAL LTD

CHT ELECTRICAL LTD (REGISTERED NUMBER: 09205899)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHT ELECTRICAL LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: C J Taylor
Mrs H L Taylor





SECRETARY: Mrs H L Taylor





REGISTERED OFFICE: Eastfield Farm
Main Road
Cowden
Hull
HU11 4UJ





REGISTERED NUMBER: 09205899 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

CHT ELECTRICAL LTD (REGISTERED NUMBER: 09205899)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,709 219,307

CURRENT ASSETS
Stocks 9,200 8,000
Debtors 5 112,670 82,974
Cash at bank and in hand 26,014 21,400
147,884 112,374
CREDITORS
Amounts falling due within one year 6 85,982 59,605
NET CURRENT ASSETS 61,902 52,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,611

272,076

PROVISIONS FOR LIABILITIES 26,614 34,229
NET ASSETS 256,997 237,847

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 255,997 236,847
SHAREHOLDERS' FUNDS 256,997 237,847

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 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.

CHT ELECTRICAL LTD (REGISTERED NUMBER: 09205899)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




C J Taylor - Director



Mrs H L Taylor - Director


CHT ELECTRICAL LTD (REGISTERED NUMBER: 09205899)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

CHT Agri Limited is a private company, limited by shares, registered in England. The company's registered office and principal place of business is Eastfield Farm, Main Road, Cowden, Hull, HU11 4UJ.

The financial statements are presented in Sterling, which is the functional currency of the company.

The principal activity of the company is that of electrical and agricultural engineers.

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 the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

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 etc - 20% on cost and 15% on cost

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


CHT ELECTRICAL LTD (REGISTERED NUMBER: 09205899)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the period. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the period is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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 4 (2023 - 4 ) .

CHT ELECTRICAL LTD (REGISTERED NUMBER: 09205899)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 81,636 244,038 325,674
Additions - 31,605 31,605
Disposals - (1,000 ) (1,000 )
At 31 March 2024 81,636 274,643 356,279
DEPRECIATION
At 1 April 2023 - 106,367 106,367
Charge for year - 28,453 28,453
Eliminated on disposal - (250 ) (250 )
At 31 March 2024 - 134,570 134,570
NET BOOK VALUE
At 31 March 2024 81,636 140,073 221,709
At 31 March 2023 81,636 137,671 219,307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,670 82,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,422 31,766
Taxation and social security 23,171 13,984
Other creditors 23,389 13,855
85,982 59,605

CHT ELECTRICAL LTD (REGISTERED NUMBER: 09205899)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs H L Taylor and C J Taylor
Balance outstanding at start of year 10,489 6,137
Amounts advanced - 4,796
Amounts repaid - (444 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,489 10,489

The loan was made on an interest free basis and is repayable on demand.