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REGISTERED NUMBER: 04285868 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CONTACT ELECTRICAL (NORWICH) LTD

CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)






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


CONTACT ELECTRICAL (NORWICH) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs S M Mowser
Mr D L Seaman
Mr L Hudson
Mr A Manning





REGISTERED OFFICE: The Guard House
Hudson Close
Rackheath Industrial Estate
Norwich
Norfolk
NR13 6NW





REGISTERED NUMBER: 04285868 (England and Wales)






CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 132,571 134,076

CURRENT ASSETS
Stocks 86,748 72,253
Debtors 5 1,820,470 1,837,578
Cash at bank 914,190 722,442
2,821,408 2,632,273
CREDITORS
Amounts falling due within one year 6 879,507 1,367,632
NET CURRENT ASSETS 1,941,901 1,264,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,074,472

1,398,717

CREDITORS
Amounts falling due after more than one
year

7

(1,541

)

(10,784

)

PROVISIONS FOR LIABILITIES 9 (33,143 ) (33,234 )
NET ASSETS 2,039,788 1,354,699

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 10 30 30
Retained earnings 10 2,039,688 1,354,599
SHAREHOLDERS' FUNDS 2,039,788 1,354,699

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.

CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

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 29 May 2025 and were signed on its behalf by:




Mr L Hudson - Director Mr A Manning - Director




Mr D L Seaman - Director


CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Contact Electrical (Norwich) 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.

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.

Going concern

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

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.


CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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
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.

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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 25 ) .

CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 20,755 58,584 64,171
Additions - 13,774 504
Disposals - - -
At 30 September 2024 20,755 72,358 64,675
DEPRECIATION
At 1 October 2023 20,755 34,598 57,397
Charge for year - 5,664 1,091
Eliminated on disposal - - -
At 30 September 2024 20,755 40,262 58,488
NET BOOK VALUE
At 30 September 2024 - 32,096 6,187
At 30 September 2023 - 23,986 6,774

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 229,875 38,970 412,355
Additions 24,956 - 39,234
Disposals (29,097 ) - (29,097 )
At 30 September 2024 225,734 38,970 422,492
DEPRECIATION
At 1 October 2023 134,346 31,183 278,279
Charge for year 29,482 1,947 38,184
Eliminated on disposal (26,542 ) - (26,542 )
At 30 September 2024 137,286 33,130 289,921
NET BOOK VALUE
At 30 September 2024 88,448 5,840 132,571
At 30 September 2023 95,529 7,787 134,076

CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 142,325
Transfer to ownership (83,370 )
At 30 September 2024 58,955
DEPRECIATION
At 1 October 2023 40,228
Charge for year 9,005
Transfer to ownership (13,190 )
At 30 September 2024 36,043
NET BOOK VALUE
At 30 September 2024 22,912
At 30 September 2023 102,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,026,571 1,770,099
Other debtors 793,899 67,479
1,820,470 1,837,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,179 18,875
Trade creditors 498,892 800,458
Taxation and social security 297,070 247,844
Other creditors 72,366 300,455
879,507 1,367,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,541 10,784

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 12,720 29,659

CONTACT ELECTRICAL (NORWICH) LTD (REGISTERED NUMBER: 04285868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 33,143 33,234

Deferred
tax
£   
Balance at 1 October 2023 33,234
Accelerated capital allowances (91 )
Balance at 30 September 2024 33,143

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2023 1,354,599 30 1,354,629
Profit for the year 860,025 860,025
Dividends (174,936 ) (174,936 )
At 30 September 2024 2,039,688 30 2,039,718

11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.