Company registration number 04353019 (England and Wales)
CRONSHAW ELECTRICAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
CRONSHAW ELECTRICAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
CRONSHAW ELECTRICAL LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
226,370
240,141
Current assets
Stocks
6
10,000
10,000
Debtors
7
1,269,552
2,386,843
Cash at bank and in hand
1,431,120
1,069,816
2,710,672
3,466,659
Creditors: amounts falling due within one year
8
(679,712)
(1,909,648)
Net current assets
2,030,960
1,557,011
Total assets less current liabilities
2,257,330
1,797,152
Creditors: amounts falling due after more than one year
9
(4,222)
(21,321)
Provisions for liabilities
Deferred tax liability
10
56,593
57,706
(56,593)
(57,706)
Net assets
2,196,515
1,718,125
Capital and reserves
Called up share capital
11
100
100
Profit and loss reserves
2,196,415
1,718,025
Total equity
2,196,515
1,718,125
CRONSHAW ELECTRICAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 August 2025 and are signed on its behalf by:
Mr H Burkitt
Director
Company registration number 04353019 (England and Wales)
CRONSHAW ELECTRICAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 February 2023
100
38,400
1,288,648
1,327,148
Year ended 31 January 2024:
Profit and total comprehensive income
-
-
422,177
422,177
Dividends
-
-
(31,200)
(31,200)
Other movements
-
(38,400)
38,400
-
Balance at 31 January 2024
100
-
0
1,718,025
1,718,125
Year ended 31 January 2025:
Profit and total comprehensive income
-
-
521,190
521,190
Dividends
-
-
(42,800)
(42,800)
Balance at 31 January 2025
100
-
0
2,196,415
2,196,515
CRONSHAW ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information

Cronshaw Electrical Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Vale Mill Business Park, Emerald Street, Blackburn, Lancashire, England, BB1 9JR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 7.5%.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance
CRONSHAW ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CRONSHAW ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
32
30
3
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
147,983
105,460
Company pension contributions to defined contribution schemes
64,667
73,475
212,650
178,935
4
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024 and 31 January 2025
97,849
Amortisation and impairment
At 1 February 2024 and 31 January 2025
97,849
Carrying amount
At 31 January 2025
-
0
At 31 January 2024
-
0
CRONSHAW ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024
18,572
6,376
373,540
398,488
Additions
-
0
454
82,425
82,879
Disposals
-
0
-
0
(62,292)
(62,292)
At 31 January 2025
18,572
6,830
393,673
419,075
Depreciation and impairment
At 1 February 2024
13,151
3,393
141,803
158,347
Depreciation charged in the year
1,355
808
51,114
53,277
Eliminated in respect of disposals
-
0
-
0
(18,919)
(18,919)
At 31 January 2025
14,506
4,201
173,998
192,705
Carrying amount
At 31 January 2025
4,066
2,629
219,675
226,370
At 31 January 2024
5,421
2,983
231,737
240,141
6
Stocks
2025
2024
£
£
Raw materials and consumables
10,000
10,000
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
271
270
Other debtors
793,660
690,692
Prepayments and accrued income
475,621
1,695,881
1,269,552
2,386,843
CRONSHAW ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
8
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Obligations under finance leases
17,099
17,099
Trade creditors
301,461
1,651,373
Corporation tax
173,658
135,472
Other taxation and social security
67,288
29,714
Other creditors
3,442
14,677
Accruals and deferred income
116,764
61,313
679,712
1,909,648
9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
4,222
21,321
10
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
56,593
57,706
2025
Movements in the year:
£
Liability at 1 February 2024
57,706
Credit to profit or loss
(1,113)
Liability at 31 January 2025
56,593

The deferred tax liability set out above is expected to reverse within [12 months] and relates to accelerated capital allowances that are expected to mature within the same period.

11
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
100
100
100
100
CRONSHAW ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 9 -
12
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr P J Cronshaw -
-
-
400,853
(120,594)
280,259
-
400,853
(120,594)
280,259
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