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REGISTERED NUMBER: 07156205 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

C2 Electrical Solutions Limited

C2 Electrical Solutions Limited (Registered number: 07156205)






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


C2 Electrical Solutions Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: C Keddie





SECRETARY: Mrs S L Barker





REGISTERED OFFICE: Knowles Farm
Forest Lane
Kirklevington
Yarm
TS15 9NG





REGISTERED NUMBER: 07156205 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

C2 Electrical Solutions Limited (Registered number: 07156205)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,615 129,413

CURRENT ASSETS
Amounts recoverable on contracts 242,260 161,971
Debtors 5 184,051 397,123
Cash at bank 50,116 65,605
476,427 624,699
CREDITORS
Amounts falling due within one year 6 343,255 447,001
NET CURRENT ASSETS 133,172 177,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,787

307,111

CREDITORS
Amounts falling due after more than one
year

7

(54,775

)

(77,791

)

PROVISIONS FOR LIABILITIES 9 (8,000 ) (2,500 )
NET ASSETS 218,012 226,820

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 218,011 226,819
SHAREHOLDERS' FUNDS 218,012 226,820

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.

C2 Electrical Solutions Limited (Registered number: 07156205)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





C Keddie - Director


C2 Electrical Solutions Limited (Registered number: 07156205)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

C2 Electrical Solutions 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from electrical works is recognised by reference to the stage of completion at the balance sheet date. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 amounts recoverable on contracts to their present location and condition.

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.


C2 Electrical Solutions Limited (Registered number: 07156205)

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
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

C2 Electrical Solutions Limited (Registered number: 07156205)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 4,469 3,948 231,306 2,137 241,860
Additions - - 64,517 - 64,517
At 29 February 2024 4,469 3,948 295,823 2,137 306,377
DEPRECIATION
At 1 March 2023 4,467 3,947 103,126 907 112,447
Charge for year - - 45,781 534 46,315
At 29 February 2024 4,467 3,947 148,907 1,441 158,762
NET BOOK VALUE
At 29 February 2024 2 1 146,916 696 147,615
At 28 February 2023 2 1 128,180 1,230 129,413

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 166,771
DEPRECIATION
At 1 March 2023 42,938
Charge for year 41,693
At 29 February 2024 84,631
NET BOOK VALUE
At 29 February 2024 82,140
At 28 February 2023 123,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 131,129 370,156
Other debtors 8,660 -
Directors' current accounts 19,748 -
VAT 24,514 26,967
184,051 397,123

C2 Electrical Solutions Limited (Registered number: 07156205)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,016 28,079
Trade creditors 212,377 247,273
Amounts owed to associates 36,243 39,983
Taxation - 41,177
Social security and other taxes 21,764 30,631
Other creditors 10,485 20,056
Directors' current accounts - 252
Accrued expenses 39,370 39,550
343,255 447,001

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 54,775 77,791

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 77,791 105,870

The hire purchase liabilities are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred taxation 8,000 2,500

Deferred
tax
£   
Balance at 1 March 2023 2,500
Provided during year 5,500
Accelerated capital allowances
Balance at 29 February 2024 8,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

C2 Electrical Solutions Limited (Registered number: 07156205)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
C Keddie
Balance outstanding at start of year - -
Amounts advanced 19,748 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,748 -

The above loan was provided free of interest with no fixed repayment terms.