REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 2024 |
FOR |
CORE ELECTRICAL NW LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 2024 |
FOR |
CORE ELECTRICAL NW LIMITED |
CORE ELECTRICAL NW LIMITED (REGISTERED NUMBER: 15183437) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CORE ELECTRICAL NW LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
10 Nicholas Street |
Chester |
CH1 2NX |
BANKERS: |
4th Floor |
The Featherstone Building |
66 City Road |
London |
EC1Y 2AL |
CORE ELECTRICAL NW LIMITED (REGISTERED NUMBER: 15183437) |
BALANCE SHEET |
31ST DECEMBER 2024 |
31.12.24 | 31.3.24 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the director and authorised for issue on |
CORE ELECTRICAL NW LIMITED (REGISTERED NUMBER: 15183437) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 2024 |
1. | STATUTORY INFORMATION |
Core Electrical NW Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Centriblast Global Holdings Limited and the directors have agreed to fully support Core Electrical NW Limited financially for the foreseeable future and will not seek repayment of intercompany balances due to them beyond that of which Core Electrical NW Limited can afford to pay. |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
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 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 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. |
CORE ELECTRICAL NW LIMITED (REGISTERED NUMBER: 15183437) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 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 period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1st April 2024 |
and 31st December 2024 |
DEPRECIATION |
At 1st April 2024 |
Charge for period |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st March 2024 |
5. | STOCKS |
31.12.24 | 31.3.24 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.3.24 |
£ | £ |
Trade debtors |
Other debtors |
Deferred tax asset |
Prepayments |
CORE ELECTRICAL NW LIMITED (REGISTERED NUMBER: 15183437) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST APRIL 2024 TO 31ST DECEMBER 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.3.24 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Wages control | 3,975 | 4,271 |
Pension control | 272 | 329 |
VAT | 4,202 | 2,002 |
Directors' current accounts | 400 | 150 |
Accruals and deferred income |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.3.24 |
value: | £ | £ |
Ordinary A | £1 | 100 | 100 |
Ordinary B | £1 | 1 | 1 |
101 | 101 |
9. | CAPITAL COMMITMENTS |
31.12.24 | 31.3.24 |
£ | £ |
Contracted but not provided for in the |
financial statements |
10. | RELATED PARTY DISCLOSURES |
At the year end, there was an inter-company loan from Centriblast Global Holdings Limited. The balance is included in creditors and the amount outstanding is £42,430. (31/03/2024: £42,430) |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is Centriblast Global Holdings Limited. |