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REGISTERED NUMBER: 09952326 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2024

FOR

CC ELECTRICAL SUPPLIES LIMITED

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CC ELECTRICAL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 FEBRUARY 2024







DIRECTORS: Mr C J Hall
Mr C J Walton





REGISTERED OFFICE: Unit 1
8 Radford Crescent
Billericay
Essex
CM12 0DU





REGISTERED NUMBER: 09952326 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

BALANCE SHEET
27 FEBRUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,810 24,219

CURRENT ASSETS
Stocks 67,067 82,521
Debtors 5 821,234 948,020
Cash at bank and in hand 63,034 152,231
951,335 1,182,772
CREDITORS
Amounts falling due within one year 6 512,784 697,752
NET CURRENT ASSETS 438,551 485,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,361

509,239

CREDITORS
Amounts falling due after more than one
year

7

(16,669

)

(26,669

)

PROVISIONS FOR LIABILITIES 9 (9,742 ) (4,602 )
NET ASSETS 451,950 477,968

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 451,850 477,868
451,950 477,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

BALANCE SHEET - continued
27 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




Mr C J Hall - Director



Mr C J Walton - Director


CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2024


1. STATUTORY INFORMATION

CC Electrical Supplies 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 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 Profit and loss account, 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.

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 28 February 2023 10,193 23,481 8,841 42,515
Additions - 28,033 278 28,311
Disposals - (7,931 ) - (7,931 )
At 27 February 2024 10,193 43,583 9,119 62,895
DEPRECIATION
At 28 February 2023 3,893 11,194 3,209 18,296
Charge for year 1,260 6,330 1,136 8,726
Eliminated on disposal - (3,937 ) - (3,937 )
At 27 February 2024 5,153 13,587 4,345 23,085
NET BOOK VALUE
At 27 February 2024 5,040 29,996 4,774 39,810
At 27 February 2023 6,300 12,287 5,632 24,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 802,052 859,091
Directors' current accounts 19,182 86,969
Prepayments and accrued income - 1,960
821,234 948,020

The director's loan account was repaid within 9 months after the year-end.

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,002 10,001
Trade creditors 402,980 629,344
Tax 81,597 42,803
Social security and other taxes 2,386 2,026
VAT 13,007 11,508
Other creditors 342 -
Accrued expenses 2,470 2,070
512,784 697,752

Other creditors consists of an amount due in respect of pension contributions.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 10,001 10,001
Bank loans - 2-5 years 6,668 16,668
16,669 26,669

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 8,113 5,225
Between one and five years 11,502 16,727
19,615 21,952

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 9,742 4,602

Deferred tax
£
Balance at 28 February 2023 4,602
Provided during year 5,140
Balance at 27 February 2024 9,742

CC ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 09952326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
2 Ordinary B 1p - -
30 Ordinary D 1p - -
30 Ordinary E 1p - -
19 Ordinary A 1p - -
19 Ordinary C 1p - -
101 100


The following shares were issued during the year for cash at par:
30 Ordinary D shares of 1p
30 Ordinary E shares of 1p
19 Ordinary A shares of 1p
19 Ordinary C shares of 1p

11. RELATED PARTY DISCLOSURES

During the year, the company invoiced SJT Electrical Supplies Ltd, a company under common control of the directors, a total of £183,575 (2023: £152,509) in relation to goods sold. The company purchased goods from SJT Electrical Supplies Ltd totalling £197,261 (2023: £624,068). The directors have confirmed that the transactions were undertaken at an open market value.

At the balance sheet date, SJT Electrical Supplies Ltd owed the company £27,299 (2023: £8,353) which is included within trade debtors. Also, the company owed SJT Electrical Supplies £29,361 (2023: £117,823) which is included within trade creditors.

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors between themselves hold the majority share capital of the company.