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REGISTERED NUMBER: SC189697 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

C & F ELECTRICAL SERVICES LIMITED

C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & F ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: D Cunningham
B Carty





REGISTERED OFFICE: Poplar Road
Glenrothes
Fife
KY7 4AA





REGISTERED NUMBER: SC189697 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Viewforth House
189 Nicol Street
Kirkcaldy
Fife
KY1 1PF

C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,749 52,632
48,749 52,632

CURRENT ASSETS
Stocks 30,198 7,200
Debtors 6 99,443 129,720
Cash at bank and in hand 216,829 232,533
346,470 369,453
CREDITORS
Amounts falling due within one year 7 69,688 98,640
NET CURRENT ASSETS 276,782 270,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,531

323,445

PROVISIONS FOR LIABILITIES 8 24,942 22,976
NET ASSETS 300,589 300,469

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 300,489 300,369
SHAREHOLDERS' FUNDS 300,589 300,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)

BALANCE SHEET - continued
30 September 2024


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 12 March 2025 and were signed on its behalf by:





D Cunningham - Director


C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

C & F Electrical Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

TURNOVER
Work done represents the sale, net of VAT, of industrial and commercial electrical installations, maintenance and breakdown services, during the year.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% per annum reducing balance
Fixtures and fittings - 25% per annum reducing balance
Motor vehicles - 25% per annum reducing balance
Computer equipment - 33% per annum reducing balance

Buildings are depreciated over 50 years. No depreciation is provided for on land.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out basis. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

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.

C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 82,000
AMORTISATION
At 1 October 2023
and 30 September 2024 82,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
buildings machinery fittings
£    £    £   
COST
At 1 October 2023
and 30 September 2024 65,619 9,249 27,259
DEPRECIATION
At 1 October 2023 24,000 8,813 27,154
Charge for year 1,000 109 26
At 30 September 2024 25,000 8,922 27,180
NET BOOK VALUE
At 30 September 2024 40,619 327 79
At 30 September 2023 41,619 436 105

C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 45,658 3,575 151,360
DEPRECIATION
At 1 October 2023 36,817 1,944 98,728
Charge for year 2,210 538 3,883
At 30 September 2024 39,027 2,482 102,611
NET BOOK VALUE
At 30 September 2024 6,631 1,093 48,749
At 30 September 2023 8,841 1,631 52,632

Included in cost of land and buildings is heritable land of £15,619 (2023 - £15,619) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,850 120,341
Other debtors 13,593 9,379
99,443 129,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,570 30,708
Taxation and social security 35,387 36,537
Other creditors 10,731 31,395
69,688 98,640

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,742 1,976
Warranty provision 23,200 21,000
24,942 22,976

C & F ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: SC189697)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 1,976
Provided during year (234 )
Balance at 30 September 2024 1,742

The provision for deferred taxation is made up of fixed asset timing differences.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £12,390 (2023 - £7,680).

10. RELATED PARTY DISCLOSURES

Included in 'Other creditors' is an amount of £4,057 (2023 - £2,398) due to the directors from the company. These loans are interest free and have no fixed terms of repayment.