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REGISTERED NUMBER: 02000305 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Cass Electric Company Limited

Cass Electric Company Limited (Registered number: 02000305)






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


Cass Electric Company Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr P Toone
Mrs H M Toone
Mrs J Pepper





SECRETARY: Mrs H M Toone





REGISTERED OFFICE: Units 10-11
Gateway Place
Parkgate
Rotherham
S62 6LL





REGISTERED NUMBER: 02000305 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Cass Electric Company Limited (Registered number: 02000305)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 24,426 21,129

CURRENT ASSETS
Stocks 44,062 9,608
Debtors 5 634,651 1,356,311
Cash at bank 260,408 289,423
939,121 1,655,342
CREDITORS
Amounts falling due within one year 6 507,542 1,290,597
NET CURRENT ASSETS 431,579 364,745
TOTAL ASSETS LESS CURRENT LIABILITIES 456,005 385,874

CREDITORS
Amounts falling due after more than one
year

7

-

22,222
NET ASSETS 456,005 363,652

CAPITAL AND RESERVES
Called up share capital 10 230,011 230,011
Capital redemption reserve 92 92
Retained earnings 225,902 133,549
SHAREHOLDERS' FUNDS 456,005 363,652

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 directors acknowledge their 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.

Cass Electric Company Limited (Registered number: 02000305)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:




Mr P Toone - Director



Mrs H M Toone - Director


Cass Electric Company Limited (Registered number: 02000305)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Cass Electric Company 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks 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.

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

Cass Electric Company Limited (Registered number: 02000305)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST OR VALUATION
At 1 July 2023 6,394 12,253 51,229 69,876
Additions - 469 8,000 8,469
Disposals (290 ) (2,020 ) - (2,310 )
At 30 June 2024 6,104 10,702 59,229 76,035
DEPRECIATION
At 1 July 2023 3,700 9,271 35,776 48,747
Charge for year 249 1,048 3,383 4,680
Eliminated on disposal (271 ) (1,547 ) - (1,818 )
At 30 June 2024 3,678 8,772 39,159 51,609
NET BOOK VALUE
At 30 June 2024 2,426 1,930 20,070 24,426
At 30 June 2023 2,694 2,982 15,453 21,129


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 579,630 1,171,846
Other debtors 55,021 184,465
634,651 1,356,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 22,222 22,222
Trade creditors 214,529 917,855
Taxation and social security 60,966 86,019
Other creditors 209,825 264,501
507,542 1,290,597

Cass Electric Company Limited (Registered number: 02000305)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes a balance of £55,634 (2023 - £132,634) owed to the director P Toone. There is no intention that this balance should be repaid in full in the foreseeable future.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 22,222

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 8,945 8,945
Between one and five years 5,194 14,139
14,139 23,084

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 22,222 44,444

The bank loan is secured by an Enterprise Finance Guarantee, under the CBILS loan scheme.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
230,010 A Ordinary £1 230,010 230,010
1 D Ordinary £1 1 1
230,011 230,011

11. OTHER FINANCIAL COMMITMENTS

The company's bankers provide, from time to time, performance bonds guaranteeing the company's satisfactory completion of contracts. The company indemnifies the bank against any liability which might arise. Provision is made in the accounts for all known liabilities at the balance sheet date.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Toone.