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Registration number: 05391903

Cooper Electrical Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Cooper Electrical Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Cooper Electrical Services Limited

Company Information

Directors

Mr S Cooper

Ms R Parkinson

Mr DP Cooper

Company secretary

Ms R Parkinson

Registered office

Unit 4e, Wistaston Road Business Centre
Wistaston Road
Crewe
Cheshire
CW2 7RP

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Cooper Electrical Services Limited

(Registration number: 05391903)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

92,851

78,530

Current assets

 

Stocks

5

3,475

2,500

Debtors

6

89,418

125,348

Cash at bank and in hand

 

180,096

185,199

 

272,989

313,047

Creditors: Amounts falling due within one year

7

(291,313)

(299,054)

Net current (liabilities)/assets

 

(18,324)

13,993

Total assets less current liabilities

 

74,527

92,523

Creditors: Amounts falling due after more than one year

7

(12,734)

(22,684)

Provisions for liabilities

(17,642)

(14,921)

Net assets

 

44,151

54,918

Capital and reserves

 

Called up share capital

12

12

Retained earnings

44,139

54,906

Shareholders' funds

 

44,151

54,918

 

Cooper Electrical Services Limited

(Registration number: 05391903)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 October 2024 and signed on its behalf by:
 

.........................................
Mr DP Cooper
Director

 

Cooper Electrical Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4e, Wistaston Road Business Centre
Wistaston Road
Crewe
Cheshire
CW2 7RP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cooper Electrical Services Limited

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

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% and 25% on written down value

Motor vehicles

20% on written down value

Plant and machinery

15% on written down value

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Cooper Electrical Services Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

4

Tangible assets

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

10,087

112,816

9,516

132,419

Additions

1,793

36,000

-

37,793

Disposals

(21)

(333)

(1,526)

(1,880)

At 31 March 2024

11,859

148,483

7,990

168,332

Depreciation

At 1 April 2023

7,313

39,976

6,600

53,889

Charge for the year

820

21,734

380

22,934

Eliminated on disposal

(15)

(162)

(1,165)

(1,342)

At 31 March 2024

8,118

61,548

5,815

75,481

Carrying amount

At 31 March 2024

3,741

86,935

2,175

92,851

At 31 March 2023

2,774

72,840

2,916

78,530

5

Stocks

2024
£

2023
£

Other inventories

3,475

2,500

 

Cooper Electrical Services Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

84,241

121,462

Prepayments

5,177

3,886

 

89,418

125,348

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Bank loans and overdrafts

9,705

9,705

Trade creditors

32,748

98,267

Taxation and social security

33,630

30,544

Other payables

215,230

160,538

291,313

299,054

Due after one year

Other borrowings

12,734

22,684