CCELECTRICS BANBURY LTD

Company Registration Number:
10541534 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CCELECTRICS BANBURY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CCELECTRICS BANBURY LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,786 7,062
Investments:   0 0
Total fixed assets: 3,786 7,062
Current assets
Stocks: 0 0
Debtors:   41,268 33,681
Cash at bank and in hand: 4,170 4,601
Investments:   0 0
Total current assets: 45,438 38,282
Creditors: amounts falling due within one year:   (41,672) (35,485)
Net current assets (liabilities): 3,766 2,797
Total assets less current liabilities: 7,552 9,859
Creditors: amounts falling due after more than one year:   (6,045) (9,584)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,507 275
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,407 175
Shareholders funds: 1,507 275

The notes form part of these financial statements

CCELECTRICS BANBURY LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 December 2024
and signed on behalf of the board by:

Name: Mr C Campbell
Status: Director

The notes form part of these financial statements

CCELECTRICS BANBURY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 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 policy

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 Computer equipment 25% reducing balance

Other accounting policies

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.

CCELECTRICS BANBURY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 2

CCELECTRICS BANBURY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 19,531
Additions 518
Disposals (8,000)
At 31 December 2023 12,049
Depreciation
At 01 January 2023 12,469
Charge for year 1,263
On disposals (5,469)
At 31 December 2023 8,263
Net book value
At 31 December 2023 3,786
At 31 December 2022 7,062

CCELECTRICS BANBURY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Loans to directors

Name of director receiving advance or credit:
Description of the loan: Loan to Director
£
Balance at 01 January 2023 9,491
Advances or credits made: 36,873
Advances or credits repaid: 29,602
Balance at 31 December 2023 16,762

Interest was charged on overdrawn loan at the rate of 2%.

CCELECTRICS BANBURY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: Dividends totalling £19,000 (2022 £11,000) were paid in respect of shares held by the company's directors.
£
Balance at 01 January 2023 11,000
Balance at 31 December 2023 19,000