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REGISTERED NUMBER: 00809632 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CWMBRAN ELECTRICAL SERVICES LIMITED

CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CWMBRAN ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D R Vaughan





SECRETARY: D M Vaughan





REGISTERED OFFICE: Unit 34
Court Road Industrial Estate
Cwmbran
Monmouthshire
NP44 3AS





REGISTERED NUMBER: 00809632 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 111,297 83,927

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 313,551 386,053
Cash at bank and in hand 104,875 259
448,426 416,312
CREDITORS
Amounts falling due within one year 6 481,676 427,578
NET CURRENT LIABILITIES (33,250 ) (11,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,047

72,661

CREDITORS
Amounts falling due after more than one
year

7

(105,622

)

(130,791

)

PROVISIONS FOR LIABILITIES - (630 )
NET LIABILITIES (27,575 ) (58,760 )

CAPITAL AND RESERVES
Called up share capital 44 44
Revaluation reserve 9 39,259 40,449
Capital redemption reserve 56 56
Retained earnings (66,934 ) (99,309 )
SHAREHOLDERS' FUNDS (27,575 ) (58,760 )

CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 11 March 2025 and were signed by:





D R Vaughan - Director


CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Cwmbran Electrical Services 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The company has net current liabilities and negative overall shareholder funds. However, the company anticipates improved performance and continued profitability which, when combined with the ongoing support of the company's director, means that the director believes that the the company should be able to continue to trade for the foreseeable future. Accordingly, the accounts are prepared on the Going Concern basis.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 33% on cost and 25% on cost
Motor vehicles - 25% on cost

Grants
Grants relating to revenue are recognised initially in other income as the grant becomes receivable and subsequently over the period in which the related costs are incurred.

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 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.


CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all significant or material 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution and auto enrolment pension scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised on the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term,whichever is the shorter.

The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST OR VALUATION
At 1 July 2023 135,000 48,346 28,080 211,426
Additions - 1,904 32,130 34,034
At 30 June 2024 135,000 50,250 60,210 245,460
DEPRECIATION
At 1 July 2023 54,000 45,419 28,080 127,499
Charge for year 2,700 1,571 2,393 6,664
At 30 June 2024 56,700 46,990 30,473 134,163
NET BOOK VALUE
At 30 June 2024 78,300 3,260 29,737 111,297
At 30 June 2023 81,000 2,927 - 83,927

Include in the above are assets on hire purchase or finance lease contracts with a net book value of £29,737 (2023 - £226).

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
Valuation in 2003 24,488 - - 24,488
Valuation in 2008 35,000 - - 35,000
Cost 75,512 50,250 60,210 185,972
135,000 50,250 60,210 245,460

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 75,512 75,512
Aggregate depreciation 31,715 30,205

The freehold property was valued on an open market basis on 30 June 2008 by D R Vaughan, a director of the company .

As permitted under FRS102 Section 1A, the company elected to use the revalued amount of its Land and Buildings as its deemed cost on transition (in 2017).

CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 245,147 357,827
Amounts recoverable on
contracts 15,000 -
Other debtors 53,404 28,226
313,551 386,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 33,606 10,000
Hire purchase contracts and finance leases 4,416 2,873
Trade creditors 227,551 185,371
Taxation and social security 11,280 12,026
Other creditors 204,823 217,308
481,676 427,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 9,167 19,167
Hire purchase contracts and finance leases 23,297 -
Other creditors 73,158 111,624
105,622 130,791

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft 23,606 -

Bank borrowings are secured by fixed and floating charges over the assets of the company.

CWMBRAN ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 00809632)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. RESERVES
Revaluation
reserve
£
At 1 July 2023 40,449
Revalued assets depreciation retained
earnings transfer

(1,190

)


At 30 June 2024 39,259

10. RELATED PARTY DISCLOSURES

During the current and previous year, the company was in receipt of an interest free loan from its director. The amount outstanding and owed to the director (included within other creditors falling due within one year) at the year end was £134,679 (2023 - £145,082).

The company has borrowed money from the company Small Self Administered Pension scheme and the amount owed and included in other creditors at the year end amounted to £111,158 (2023 - £149,124). The director and his father are members of the pension scheme.