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Company Registration No. 4466908 (England and Wales)
C G Electrical Services Limited Unaudited accounts for the year ended 31 July 2024
C G Electrical Services Limited Unaudited accounts Contents
Page
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C G Electrical Services Limited Company Information for the year ended 31 July 2024
Directors
C Griffiths M Griffiths A Griffiths
Secretary
Mrs M Griffiths
Company Number
4466908 (England and Wales)
Registered Office
4 Hayling Rise High Salvington Worthing West Sussex BN13 3AL
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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C G Electrical Services Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,659 
2,200 
Current assets
Debtors
8,635 
14,058 
Investments
50,000 
50,000 
Cash at bank and in hand
6,992 
6,743 
65,627 
70,801 
Creditors: amounts falling due within one year
(26,116)
(26,358)
Net current assets
39,511 
44,443 
Net assets
41,170 
46,643 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
41,167 
46,640 
Shareholders' funds
41,170 
46,643 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
C Griffiths Director Company Registration No. 4466908
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C G Electrical Services Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
C G Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 4466908. The registered office is 4 Hayling Rise, High Salvington, Worthing, West Sussex, BN13 3AL.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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C G Electrical Services Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
16,162 
10,200 
26,362 
At 31 July 2024
16,162 
10,200 
26,362 
Depreciation
At 1 August 2023
15,815 
8,347 
24,162 
Charge for the year
87 
454 
541 
At 31 July 2024
15,902 
8,801 
24,703 
Net book value
At 31 July 2024
260 
1,399 
1,659 
At 31 July 2023
347 
1,853 
2,200 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
135 
1,058 
Trade debtors
8,500 
13,000 
8,635 
14,058 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
50,000 
50,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
178 
2,113 
Taxes and social security
4,974 
10,256 
Other creditors
1,079 
2,078 
Loans from directors
18,905 
10,931 
Accruals
980 
980 
26,116 
26,358 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
1 Ordinary A share of £1 each
1 
1 
1 Ordinary B share of £1 each
1 
1 
3 
3 
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C G Electrical Services Limited Notes to the Accounts for the year ended 31 July 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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