Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseThe principle activity of the company in the period under review was that of electrical installation services.1010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14377262 2023-10-01 2024-09-30 14377262 2022-10-01 2023-09-30 14377262 2024-09-30 14377262 2023-09-30 14377262 c:Director1 2023-10-01 2024-09-30 14377262 d:PlantMachinery 2023-10-01 2024-09-30 14377262 d:PlantMachinery 2024-09-30 14377262 d:PlantMachinery 2023-09-30 14377262 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14377262 d:CurrentFinancialInstruments 2024-09-30 14377262 d:CurrentFinancialInstruments 2023-09-30 14377262 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14377262 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14377262 d:ShareCapital 2024-09-30 14377262 d:ShareCapital 2023-09-30 14377262 d:RetainedEarningsAccumulatedLosses 2024-09-30 14377262 d:RetainedEarningsAccumulatedLosses 2023-09-30 14377262 c:FRS102 2023-10-01 2024-09-30 14377262 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14377262 c:FullAccounts 2023-10-01 2024-09-30 14377262 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14377262 2 2023-10-01 2024-09-30 14377262 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 14377262










CELTIC ELECTRICAL SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CELTIC ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 14377262

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
76,386
29,627

  
76,386
29,627

Current assets
  

Stocks
  
5,902
680

Debtors: amounts falling due within one year
 6 
190,504
315,456

Cash at bank and in hand
 7 
129,581
82,888

  
325,987
399,024

Creditors: amounts falling due within one year
 8 
(219,853)
(313,483)

Net current assets
  
 
 
106,134
 
 
85,541

Total assets less current liabilities
  
182,520
115,168

  

Net assets
  
182,520
115,168


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
182,420
115,068

  
182,520
115,168


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 June 2025.


Page 1

 
CELTIC ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 14377262
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024



D L Powel
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CELTIC ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Celtic Electrical Services Limited is a private company, limited by shares, registered in England and Wales. The company’s registered number is 14377262 and the registered office address is Coed Y Gaer, Pencoed, Bridgend, Wales, CF35 6RA.
The presentation currency of the financial statements is the pound sterling (£). 
Monetary amounts in these financial statements are rounded to the nearest pound. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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:

Rendering of services

Revenue 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 when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
CELTIC ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight Line

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 profit or loss.

Page 4

 
CELTIC ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

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.

 
2.12

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.

 
2.13

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

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 5

 
CELTIC ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery



Cost or valuation


At 1 October 2023
35,553


Additions
65,187


Disposals
(5,775)



At 30 September 2024

94,965



Depreciation


At 1 October 2023
5,926


Charge for the year 
14,337


Disposals
(1,684)



At 30 September 2024

18,579



Net book value



At 30 September 2024
76,386



At 30 September 2023
29,627


5.


Stocks

2024
2023

Raw materials and consumables
5,902
680

5,902
680



6.


Debtors

2024
2023


Trade debtors
158,418
314,406

Other debtors
30,365
-

Prepayments and accrued income
1,721
1,050

190,504
315,456


Page 6

 
CELTIC ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
129,581
82,888

129,581
82,888



8.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
125,769
115,546

Corporation tax
46,844
27,390

Other taxation and social security
13,889
53,275

Hire Purchase
33,351
15,359

Other creditors
-
101,913

219,853
313,483



9.


Controlling party

The company is controlled by D L Powell.

 
Page 7