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REGISTERED NUMBER: 02993921 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2023 to 31 July 2024

for

Craft Electrical Contractors Limited

Craft Electrical Contractors Limited (Registered number: 02993921)






Contents of the Financial Statements
for the Period 1 February 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craft Electrical Contractors Limited

Company Information
for the Period 1 February 2023 to 31 July 2024







DIRECTORS: L N Ross
Mrs M L Ross





SECRETARY: Mrs M L Ross





REGISTERED OFFICE: 898 - 902 Wimborne Road
Moordown
Bournemouth
Dorset
BH9 2DW





REGISTERED NUMBER: 02993921 (England and Wales)





ACCOUNTANTS: Stephen Penny and Partners Limited
Chartered Certified Accountants
and Business Advisors
898-902 Wimborne Road
Bournemouth
Dorset
BH9 2DW

Craft Electrical Contractors Limited (Registered number: 02993921)

Balance Sheet
31 July 2024

31.7.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,092
Tangible assets 5 - 14,911
- 33,003

CURRENT ASSETS
Stocks - 350
Debtors 6 4,600 88,960
Prepayments and accrued income - 2,345
Cash at bank and in hand 49,555 48,494
54,155 140,149
CREDITORS
Amounts falling due within one year 7 31,163 70,203
NET CURRENT ASSETS 22,992 69,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,992

102,949

CREDITORS
Amounts falling due after more than
one year

8

-

(8,074

)

PROVISIONS FOR LIABILITIES - (2,833 )
NET ASSETS 22,992 92,042

CAPITAL AND RESERVES
Called up share capital 185 185
Retained earnings 22,807 91,857
22,992 92,042

Craft Electrical Contractors Limited (Registered number: 02993921)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





L N Ross - Director


Craft Electrical Contractors Limited (Registered number: 02993921)

Notes to the Financial Statements
for the Period 1 February 2023 to 31 July 2024

1. STATUTORY INFORMATION

Craft Electrical Contractors 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - straight line over 3 years, 20% on reducing balance and 15% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


Craft Electrical Contractors Limited (Registered number: 02993921)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 July 2024

2. ACCOUNTING POLICIES - continued
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in 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 or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 period was NIL (2023 - 7 ).

Craft Electrical Contractors Limited (Registered number: 02993921)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 July 2024 167,000
AMORTISATION
At 1 February 2023 148,908
Charge for period 18,092
At 31 July 2024 167,000
NET BOOK VALUE
At 31 July 2024 -
At 31 January 2023 18,092

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 25,897
Disposals (16,258 )
At 31 July 2024 9,639
DEPRECIATION
At 1 February 2023 10,986
Charge for period 6,105
Eliminated on disposal (7,452 )
At 31 July 2024 9,639
NET BOOK VALUE
At 31 July 2024 -
At 31 January 2023 14,911

Craft Electrical Contractors Limited (Registered number: 02993921)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 16,258
Disposals (16,258 )
At 31 July 2024 -
DEPRECIATION
At 1 February 2023 3,048
Charge for period 4,404
Eliminated on disposal (7,452 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 January 2023 13,210

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.1.23
£    £   
Trade debtors 492 75,607
Amounts recoverable on contract - 3,045
Other debtors 4,108 10,308
4,600 88,960

Craft Electrical Contractors Limited (Registered number: 02993921)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.24 31.1.23
£    £   
Hire purchase contracts - 3,460
Trade creditors - 21,625
Taxation and social security 1,751 4,883
Other creditors 29,412 40,235
31,163 70,203

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.7.24 31.1.23
£    £   
Hire purchase contracts - 8,074