Cartell Electrical Limited - Filleted accounts

Registered number

05076923

Cartell Electrical Limited

Filleted Accounts

31 March 2025

Cartell Electrical Limited
Registered number:		05076923
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		75,238			76,361

Current assets
Stocks		2,000			2,000
Debtors	5	284,297			281,836
Cash at bank and in hand		147,780			224,723
		434,077			508,559

Creditors: amounts falling due within one year	6	(148,874)			(133,651)

Net current assets			285,203			374,908

Total assets less current liabilities			360,441			451,269

Creditors: amounts falling due after more than one year	7		(74,662)			(207,269)

Provisions for liabilities			(21,689)			(14,480)


Net assets			264,090			229,520

Capital and reserves
Called up share capital			2			2
Profit and loss account			264,088			229,518

Shareholder's funds			264,090			229,520

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G Koster
Director
Approved by the board on 1 December 2025

Cartell Electrical Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance basis
	Computer equipment	25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		3


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					20,000
	At 31 March 2025					20,000

	Amortisation
	At 1 April 2024					20,000
	At 31 March 2025					20,000

	Net book value
	At 31 March 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Computer equipment		Total
£			£		£
	Cost
	At 1 April 2024	120,003		5,213		125,216
	Additions	23,494		825		24,319
	At 31 March 2025	143,497		6,038		149,535

	Depreciation
	At 1 April 2024	44,729		4,126		48,855
	Charge for the year	24,692		750		25,442
	At 31 March 2025	69,421		4,876		74,297

	Net book value
	At 31 March 2025	74,076		1,162		75,238
	At 31 March 2024	75,274		1,087		76,361


5	Debtors			2025		2024
£					£

	Trade debtors			267,091		275,865
	Prepayments			939		1,097
	Other debtors			16,267		4,874
				284,297		281,836


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			49,200		41,998
	Taxation and social security costs			57,353		70,498
	Accruals			17,050		1,950
	Other creditors			25,271		19,205
				148,874		133,651


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			48,949		116,486
	Obligations under finance lease and hire purchase contracts			25,713		36,733
	Other creditors			-		54,050
				74,662		207,269


8	Other information

	Cartell Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Devonshire House
	582 Honeypot Lane
	Stanmore
	Middex
	HA7 1JS