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REGISTERED NUMBER: 12456349 (England and Wales)












CURA ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CURA ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D R Churcher





REGISTERED OFFICE: Suite 6 Furzehall Farm
Wickham Road
Fareham
Hampshire
PO16 7JH





REGISTERED NUMBER: 12456349 (England and Wales)

CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 961 1,451

CURRENT ASSETS
Stocks 316 5,113
Debtors 5 121,312 106,464
Cash at bank and in hand 31,522 16,791
153,150 128,368
CREDITORS
Amounts falling due within one year 6 (135,198 ) (87,463 )
NET CURRENT ASSETS 17,952 40,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,913

42,356

PROVISIONS FOR LIABILITIES - (363 )
NET ASSETS 18,913 41,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,813 41,893
18,913 41,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2024 and were signed by:





D R Churcher - Director


CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Cura 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the value of services provided to customers during the year, net of trade discounts and value added tax where applicable.

Turnover relating to projects that are ongoing at the year end is determined by reference to the stage of completion of the contract.

In the instance that invoices are raised in excess of the value of turnover calculated based on the percentage completion, the value of work invoiced in advance is included within deferred income.

When the value of work calculated on the percentage completion method is in excess of the amount invoiced to customers, the balance of amounts recoverable on contracts are included within current assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.


CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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
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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

CURA ELECTRICAL LIMITED (REGISTERED NUMBER: 12456349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1 March 2023 2,511
Additions 520
At 29 February 2024 3,031
DEPRECIATION
At 1 March 2023 1,060
Charge for year 1,010
At 29 February 2024 2,070
NET BOOK VALUE
At 29 February 2024 961
At 28 February 2023 1,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 104,113 55,874
Other debtors 17,199 50,590
121,312 106,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 65,999 51,988
Taxation and social security 4,133 -
Other creditors 65,066 35,475
135,198 87,463

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £Nil (2023: £10,000) were made to the company's director. £10,000 (2023: £Nil) was repaid prior to the year-end. The balance owed from the director at the year-end was £Nil (2023: £10,000).