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REGISTERED NUMBER: 08761251 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Cypan Electrical Contractors Limited

Cypan Electrical Contractors Limited (Registered number: 08761251)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cypan Electrical Contractors Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: D A Chapman
Mrs J H Chapman





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 08761251 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Cypan Electrical Contractors Limited (Registered number: 08761251)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,198 9,867

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 9,694 27,544
Cash at bank 222,258 136,596
232,952 165,140
CREDITORS
Amounts falling due within one year 6 129,473 20,974
NET CURRENT ASSETS 103,479 144,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,677

154,033

CREDITORS
Amounts falling due after more than one
year

7

(20,079

)

(30,064

)

PROVISIONS FOR LIABILITIES (2,137 ) (1,756 )
NET ASSETS 91,461 122,213

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 91,361 122,113
SHAREHOLDERS' FUNDS 91,461 122,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Cypan Electrical Contractors Limited (Registered number: 08761251)

Balance Sheet - continued
31 January 2025


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 19 March 2025 and were signed on its behalf by:




D A Chapman - Director



Mrs J H Chapman - Director


Cypan Electrical Contractors Limited (Registered number: 08761251)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Cypan 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.

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 - 33% on cost, 25% on reducing balance and 20% 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 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
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.

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.

Cypan Electrical Contractors Limited (Registered number: 08761251)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 49,773
Additions 3,349
At 31 January 2025 53,122
DEPRECIATION
At 1 February 2024 39,906
Charge for year 3,018
At 31 January 2025 42,924
NET BOOK VALUE
At 31 January 2025 10,198
At 31 January 2024 9,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 5,782 9,528
Directors' current accounts - 16,558
VAT 2,379 -
Prepayments 1,533 1,458
9,694 27,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 6,718 5,517
Tax 11,012 11,474
Social security and other taxes 31 1,028
VAT - 1,711
Other creditors 56,189 184
Directors' current accounts 54,413 -
Accrued expenses 1,110 1,060
129,473 20,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Other loans - 2-5 years 20,079 30,064

Cypan Electrical Contractors Limited (Registered number: 08761251)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1.00 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2024 - £75,000) were paid to the directors .