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Registration number: 11248426

Campbell Elec Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 27 March 2024

 

Campbell Elec Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Campbell Elec Ltd

Company Information

Directors

Mr SJ Campbell

Mr PT Campbell

Registered office

C/O Williamson Croft (Liverpool) Limited
1 Old Hall Street
First Floor
Liverpool
L3 9HF

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

Campbell Elec Ltd

(Registration number: 11248426)
Abridged Balance Sheet as at 27 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

40,000

50,000

Tangible assets

5

46,582

42,516

 

86,582

92,516

Current assets

 

Debtors

426,113

507,371

Cash at bank and in hand

 

476,644

123,985

 

902,757

631,356

Creditors: Amounts falling due within one year

(502,780)

(225,596)

Net current assets

 

399,977

405,760

Total assets less current liabilities

 

486,559

498,276

Creditors: Amounts falling due after more than one year

(12,348)

(20,918)

Accruals and deferred income

 

(107,370)

(147,104)

Net assets

 

366,841

330,254

Capital and reserves

 

Called up share capital

6

360

360

Retained earnings

366,481

329,894

Shareholders' funds

 

366,841

330,254

For the financial year ending 27 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Campbell Elec Ltd

(Registration number: 11248426)
Abridged Balance Sheet as at 27 March 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 December 2024 and signed on its behalf by:
 

.........................................
Mr PT Campbell
Director

 

Campbell Elec Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 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:
C/O Williamson Croft (Liverpool) Limited
1 Old Hall Street
First Floor
Liverpool
L3 9HF

The principal place of business is:
400 Longmoor Lane
Fazakerley
Liverpool
Merseyside
L9 9DB

These financial statements were authorised for issue by the Board on 24 December 2024.

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

 

Campbell Elec Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

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

Plant & equipment

25% on a reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Campbell Elec Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Campbell Elec Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 8).

4

Intangible assets

Total
£

Cost or valuation

At 28 March 2023

100,000

At 27 March 2024

100,000

Amortisation

At 28 March 2023

50,000

Amortisation charge

10,000

At 27 March 2024

60,000

Carrying amount

At 27 March 2024

40,000

At 27 March 2023

50,000

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 28 March 2023

50,913

50,913

Additions

18,083

18,083

At 27 March 2024

68,996

68,996

Depreciation

At 28 March 2023

8,394

8,394

Charge for the year

14,020

14,020

At 27 March 2024

22,414

22,414

Carrying amount

At 27 March 2024

46,582

46,582

At 27 March 2023

42,516

42,516

 

Campbell Elec Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 March 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

300

300

300

300

Ordinary A of £1 each

60

60

60

60

360

360

360

360