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REGISTERED NUMBER: 05263920 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2024

for

C.L. ELECTRICAL CONTROLS LIMITED

C.L. ELECTRICAL CONTROLS LIMITED (REGISTERED NUMBER: 05263920)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.L. ELECTRICAL CONTROLS LIMITED

Company Information
for the year ended 30 June 2024







DIRECTORS: S J Base
D E Holder
P M Smith
S G Thompson





SECRETARY: S G Thompson





REGISTERED OFFICE: Unit 1 Beaufort Trade Park
Pucklechurch Trading Estate
Bristol
BS16 9QH





REGISTERED NUMBER: 05263920 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

C.L. ELECTRICAL CONTROLS LIMITED (REGISTERED NUMBER: 05263920)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 4,500
Tangible assets 5 364,135 411,738
368,635 416,238

CURRENT ASSETS
Stocks 1,059,018 1,549,120
Debtors 6 1,519,510 2,107,688
Cash at bank 143,971 137,634
2,722,499 3,794,442
CREDITORS
Amounts falling due within one year 7 1,581,031 2,485,386
NET CURRENT ASSETS 1,141,468 1,309,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,510,103

1,725,294

CREDITORS
Amounts falling due after more than one year 8 (109,819 ) (167,747 )

PROVISIONS FOR LIABILITIES (90,460 ) (102,324 )
NET ASSETS 1,309,824 1,455,223

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,309,724 1,455,123
1,309,824 1,455,223

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.

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 Statement of Income and Retained Earnings 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:




S G Thompson - Director


C.L. ELECTRICAL CONTROLS LIMITED (REGISTERED NUMBER: 05263920)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

C.L. Electrical Controls 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 arising on the acquisition of the business. The directors consider that no amortisation of goodwill is appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Improvements to property - at varying rates on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 Statement of Income and Retained Earnings, 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.

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 55 (2023 - 54 ) .

C.L. ELECTRICAL CONTROLS LIMITED (REGISTERED NUMBER: 05263920)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 4,500 36,152 40,652
AMORTISATION
At 1 July 2023
and 30 June 2024 - 36,152 36,152
NET BOOK VALUE
At 30 June 2024 4,500 - 4,500
At 30 June 2023 4,500 - 4,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,516 584,132 585,648
Additions - 80,285 80,285
Disposals - (19,183 ) (19,183 )
At 30 June 2024 1,516 645,234 646,750
DEPRECIATION
At 1 July 2023 - 173,910 173,910
Charge for year - 116,698 116,698
Eliminated on disposal - (7,993 ) (7,993 )
At 30 June 2024 - 282,615 282,615
NET BOOK VALUE
At 30 June 2024 1,516 362,619 364,135
At 30 June 2023 1,516 410,222 411,738

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,050,065 1,712,040
Amounts owed by group undertakings 262,604 287,402
Other debtors 206,841 108,246
1,519,510 2,107,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 626,543 843,244
Hire purchase contracts (see note 9) 90,724 79,429
Trade creditors 601,465 1,146,297
Taxation and social security 163,385 316,848
Other creditors 98,914 99,568
1,581,031 2,485,386

C.L. ELECTRICAL CONTROLS LIMITED (REGISTERED NUMBER: 05263920)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Hire purchase contracts (see note 9) 98,986 146,914
109,819 167,747

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 90,724 79,429
Between one and five years 98,986 146,914
189,710 226,343

Non-cancellable operating leases
2024 2023
£    £   
Within one year 169,698 169,698
Between one and five years 678,792 678,792
In more than five years 310,798 480,496
1,159,288 1,328,986

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 616,543 833,244

Barclays Security Trustee Limited holds a fixed and floating charges over all company assets.