IRIS Accounts Production v24.3.0.553 SC375838 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3758382023-03-31SC3758382024-03-31SC3758382023-04-012024-03-31SC3758382022-03-31SC3758382022-04-012023-03-31SC3758382023-03-31SC375838ns15:Scotland2023-04-012024-03-31SC375838ns14:PoundSterling2023-04-012024-03-31SC375838ns10:Director12023-04-012024-03-31SC375838ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC375838ns10:SmallEntities2023-04-012024-03-31SC375838ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC375838ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC375838ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC375838ns10:FullAccounts2023-04-012024-03-31SC375838ns10:Director22023-04-012024-03-31SC375838ns10:RegisteredOffice2023-04-012024-03-31SC375838ns5:CurrentFinancialInstruments2024-03-31SC375838ns5:CurrentFinancialInstruments2023-03-31SC375838ns5:ShareCapital2024-03-31SC375838ns5:ShareCapital2023-03-31SC375838ns5:RetainedEarningsAccumulatedLosses2024-03-31SC375838ns5:RetainedEarningsAccumulatedLosses2023-03-31SC375838ns5:PlantMachinery2023-04-012024-03-31SC375838ns5:FurnitureFittings2023-04-012024-03-31SC375838ns5:MotorVehicles2023-04-012024-03-31SC375838ns5:LandBuildings2023-03-31SC375838ns5:PlantMachinery2023-03-31SC375838ns5:FurnitureFittings2023-03-31SC375838ns5:MotorVehicles2023-03-31SC375838ns5:LandBuildings2023-04-012024-03-31SC375838ns5:LandBuildings2024-03-31SC375838ns5:PlantMachinery2024-03-31SC375838ns5:FurnitureFittings2024-03-31SC375838ns5:MotorVehicles2024-03-31SC375838ns5:LandBuildings2023-03-31SC375838ns5:PlantMachinery2023-03-31SC375838ns5:FurnitureFittings2023-03-31SC375838ns5:MotorVehicles2023-03-31SC375838ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC375838ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC375838 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CLEARWATER ELECTRICAL LIMITED

CLEARWATER ELECTRICAL LIMITED (REGISTERED NUMBER: SC375838)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEARWATER ELECTRICAL LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B L Stanley
A Turl





REGISTERED OFFICE: Unit 8 City South Office Park
Bankhead Drive
Portlethen
Aberdeen
AB12 4XX





REGISTERED NUMBER: SC375838 (Scotland)






CLEARWATER ELECTRICAL LIMITED (REGISTERED NUMBER: SC375838)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,277 194,528

CURRENT ASSETS
Stocks 20,000 32,000
Debtors 5 573,929 456,739
Cash at bank 424,544 437,448
1,018,473 926,187
CREDITORS
Amounts falling due within one year 6 251,450 205,009
NET CURRENT ASSETS 767,023 721,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

987,300

915,706

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 987,200 915,606
SHAREHOLDERS' FUNDS 987,300 915,706

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.

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 October 2024 and were signed on its behalf by:





A Turl - Director


CLEARWATER ELECTRICAL LIMITED (REGISTERED NUMBER: SC375838)

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


1. STATUTORY INFORMATION

Clearwater Electrical Limited is a private company, limited by shares , registered in Scotland. 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 - 20% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 25% 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.

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.

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
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.

CLEARWATER ELECTRICAL LIMITED (REGISTERED NUMBER: SC375838)

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 9 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 191,343 4,862 25,352 - 221,557
Additions - - 3,885 29,165 33,050
At 31 March 2024 191,343 4,862 29,237 29,165 254,607
DEPRECIATION
At 1 April 2023 - 4,135 22,894 - 27,029
Charge for year - 333 2,151 4,817 7,301
At 31 March 2024 - 4,468 25,045 4,817 34,330
NET BOOK VALUE
At 31 March 2024 191,343 394 4,192 24,348 220,277
At 31 March 2023 191,343 727 2,458 - 194,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 501,607 360,347
Amounts owed by group undertakings 48,250 54,000
Other debtors 24,072 42,392
573,929 456,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,988 25,170
Trade creditors 65,225 62,756
Taxation and social security 134,552 80,616
Other creditors 48,685 36,467
251,450 205,009

7. ULTIMATE CONTROLLING PARTY

The controlling party is CEL Holdings Limited.

The ultimate controlling party is the directors.