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REGISTERED NUMBER: 12929222 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Camgo Electrical Ltd

Camgo Electrical Ltd (Registered number: 12929222)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Certified Accountant's Report 2

Balance Sheet 4

Notes to the Financial Statements 6


Camgo Electrical Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M Densley
J Hallam
L Page





REGISTERED OFFICE: Unit 6 Ashford Industrial Estate
Shield Road
Ashford
England
TW15 1AU





REGISTERED NUMBER: 12929222 (England and Wales)





ACCOUNTANT: Accountancy and Business Improvement Ltd
5F8 Abbey House
282 Farnborough Road
Farnborough
Hampshire
GU14 7NA

Chartered Certified Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Camgo Electrical Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Camgo Electrical Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Camgo Electrical Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Camgo Electrical Ltd and state those matters that I have agreed to state to the Board of Directors of Camgo Electrical Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Camgo Electrical Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Camgo Electrical Ltd. You consider that Camgo Electrical Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Camgo Electrical Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Accountancy and Business Improvement Ltd
5F8 Abbey House
282 Farnborough Road
Farnborough
Hampshire
GU14 7NA

Chartered Certified Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Camgo Electrical Ltd



28 April 2025

Camgo Electrical Ltd (Registered number: 12929222)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,134,703 831,641

CURRENT ASSETS
Debtors 5 763,872 1,165,807
Cash at bank 2,811,044 917,497
3,574,916 2,083,304
CREDITORS
Amounts falling due within one year 6 2,060,211 1,533,975
NET CURRENT ASSETS 1,514,705 549,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,649,408

1,380,970

CREDITORS
Amounts falling due after more than one
year

7

(110,717

)

(163,869

)

PROVISIONS FOR LIABILITIES (122,151 ) (22,178 )
NET ASSETS 2,416,540 1,194,923

Camgo Electrical Ltd (Registered number: 12929222)

Balance Sheet - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 2,414,540 1,192,923
2,416,540 1,194,923

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





M Densley - Director


Camgo Electrical Ltd (Registered number: 12929222)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Camgo Electrical Ltd 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 - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - Straight line over 1 years

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.


Camgo Electrical Ltd (Registered number: 12929222)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 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 43 (2023 - 43 ) .

Camgo Electrical Ltd (Registered number: 12929222)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 393,900 28,079 6,919
Additions - 20,350 11,972
At 31 October 2024 393,900 48,429 18,891
DEPRECIATION
At 1 November 2023 - 8,866 1,417
Charge for year - 9,925 2,036
At 31 October 2024 - 18,791 3,453
NET BOOK VALUE
At 31 October 2024 393,900 29,638 15,438
At 31 October 2023 393,900 19,213 5,502

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 552,401 1,000 982,299
Additions 469,981 13,455 515,758
At 31 October 2024 1,022,382 14,455 1,498,057
DEPRECIATION
At 1 November 2023 140,007 368 150,658
Charge for year 191,318 9,417 212,696
At 31 October 2024 331,325 9,785 363,354
NET BOOK VALUE
At 31 October 2024 691,057 4,670 1,134,703
At 31 October 2023 412,394 632 831,641

Camgo Electrical Ltd (Registered number: 12929222)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 649,066 807,603
Other debtors 114,806 358,204
763,872 1,165,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 67,935 -
Hire purchase contracts 99,861 92,378
Trade creditors 724,286 468,197
Taxation and social security 730,194 213,384
Other creditors 437,935 760,016
2,060,211 1,533,975

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 110,717 163,869

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 110,717 163,869