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Registered number: 12892333
R Cadwallader Electrical Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 September 2024
Music Tour Accounting
14 Pendlestone Road
London
E17 9BH
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—8
Page 1
Company Information
Directors Mr Rhys Cadwallader
Mrs Laura Cadwallader
Company Number 12892333
Registered Office 6 George Street
Driffield
East Yorkshire
Y025 6RA
Accountants Music Tour Accounting
14 Pendlestone Road
London
E17 9BH
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Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 September 2024.
Directors
The directors who held office during the year were as follows:
Mr Rhys Cadwallader
Mrs Laura Cadwallader
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Rhys Cadwallader
Director
09/06/2025
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Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 September 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
09/06/2025
Music Tour Accounting
14 Pendlestone Road
London
E17 9BH
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 848,651 751,505
Cost of sales (594,542 ) (438,727 )
GROSS PROFIT 254,109 312,778
Administrative expenses (187,139 ) (145,911 )
OPERATING PROFIT AND PROFIT BEFORE TAXATION 66,970 166,867
Tax on Profit (20,152 ) (37,544 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 46,818 129,323
The notes on pages 6 to 8 form part of these financial statements.
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Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,000 7,000
Tangible Assets 5 47,116 66,045
53,116 73,045
CURRENT ASSETS
Debtors 6 139,752 127,463
Cash at bank and in hand 39,505 63,004
179,257 190,467
Creditors: Amounts Falling Due Within One Year 7 (24,449 ) (42,405 )
NET CURRENT ASSETS (LIABILITIES) 154,808 148,062
TOTAL ASSETS LESS CURRENT LIABILITIES 207,924 221,107
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,602 ) (12,602 )
NET ASSETS 195,322 208,505
CAPITAL AND RESERVES
Called up share capital 8 101 101
Profit and Loss Account 195,221 208,404
SHAREHOLDERS' FUNDS 195,322 208,505
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Rhys Cadwallader
Director
09/06/2025
The notes on pages 6 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
R Cadwallader Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12892333 . The registered office is 6 George Street, Driffield, East Yorkshire, Y025 6RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 25
Leasehold 25
Plant & Machinery 25
Motor Vehicles 25
Fixtures & Fittings 25
Computer Equipment 25
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: )
7 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 10,000
As at 30 September 2024 10,000
Amortisation
As at 1 October 2023 3,000
Provided during the period 1,000
As at 30 September 2024 4,000
Net Book Value
As at 30 September 2024 6,000
As at 1 October 2023 7,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 16,888 91,803 2,276 110,967
As at 30 September 2024 16,888 91,803 2,276 110,967
Depreciation
As at 1 October 2023 4,483 39,174 1,265 44,922
Provided during the period 3,101 15,575 253 18,929
As at 30 September 2024 7,584 54,749 1,518 63,851
Net Book Value
As at 30 September 2024 9,304 37,054 758 47,116
As at 1 October 2023 12,405 52,629 1,011 66,045
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 136,636 110,528
Other debtors 3,116 16,935
139,752 127,463
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,861 597
Other creditors 436 2,762
Taxation and social security 20,152 39,046
24,449 42,405
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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