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Company Registration No. 11226996 (England and Wales)
Core Electrical (Midlands) Ltd Unaudited accounts for the year ended 29 February 2024
Core Electrical (Midlands) Ltd Unaudited accounts Contents
Page
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Core Electrical (Midlands) Ltd Company Information for the year ended 29 February 2024
Director
Mr J Holland
Company Number
11226996 (England and Wales)
Registered Office
100 Millers Road Warwick CV34 5AX England
Accountants
JS Accountancy Services Measham Business Centre 56 High Street/Queens Street Measham Derbyshire DE12 7HZ
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Core Electrical (Midlands) Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
37,321 
26,985 
Cash at bank and in hand
51,792 
51,309 
89,113 
78,294 
Creditors: amounts falling due within one year
(30,140)
(26,724)
Net current assets
58,973 
51,570 
Total assets less current liabilities
58,973 
51,570 
Creditors: amounts falling due after more than one year
(10,100)
(17,534)
Net assets
48,873 
34,036 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
48,771 
33,934 
Shareholders' funds
48,873 
34,036 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2024 and were signed on its behalf by
Mr J Holland Director Company Registration No. 11226996
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Core Electrical (Midlands) Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Core Electrical (Midlands) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11226996. The registered office is 100 Millers Road, Warwick, CV34 5AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,972 
24,732 
Other debtors
4,349 
2,253 
37,321 
26,985 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,986 
7,986 
VAT
2,130 
2,962 
Trade creditors
8,417 
9,100 
Taxes and social security
9,670 
5,073 
Other creditors
1,048 
762 
Loans from directors
39 
(9)
Accruals
850 
850 
30,140 
26,724 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,100 
17,534 
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Core Electrical (Midlands) Ltd Notes to the Accounts for the year ended 29 February 2024
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares - A shares of £1 each
100 
100 
1 Ordinary shares - B share of £1 each
1 
1 
1 Ordinary shares - C share of £1 each
1 
1 
102 
102 
8
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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