CIRCUIT ELECTRICAL TESTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Nolan

Mrs V Nolan

Miss A H Matthews

REGISTERED OFFICE:

Croft Myl

West Parade

Halifax

West Yorkshire

HX1 2EQ

REGISTERED NUMBER:

06281511 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

12,983

19,609

CURRENT ASSETS

Stocks

26,040

24,800

Debtors

5

519,274

537,602

Cash at bank and in hand

16,706

2,462

562,020

564,864

CREDITORS

Amounts falling due within one year

6

415,086

492,670

NET CURRENT ASSETS

146,934

72,194

TOTAL ASSETS LESS CURRENT LIABILITIES

159,917

91,803

CREDITORS

Amounts falling due after more than one year

7

83,146

49,530

NET ASSETS

76,771

42,273

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

76,671

42,173

SHAREHOLDERS' FUNDS

76,771

42,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 23 December 2025 and were signed on its behalf by:

B Nolan - Director

1.	STATUTORY INFORMATION

Circuit Electrical Testing Limited 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

6,415

18,330

116,546

23,403

164,694

Additions

-

-

-

640

640

At 31 March 2025

6,415

18,330

116,546

24,043

165,334

DEPRECIATION

At 1 April 2024

5,982

13,167

102,533

23,403

145,085

Charge for year

108

2,273

4,671

214

7,266

At 31 March 2025

6,090

15,440

107,204

23,617

152,351

NET BOOK VALUE

At 31 March 2025

325

2,890

9,342

426

12,983

At 31 March 2024

433

5,163

14,013

-

19,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

151,887

181,896

Other debtors

367,387

355,706

519,274

537,602

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

203,466

203,079

Hire purchase contracts (see note 8)

3,598

3,598

Trade creditors

73,948

41,182

Tax

45,336

51,761

Social security and other taxes

19,925

85,285

VAT

61,448

100,809

Other creditors

2,822

2,898

Directors' current accounts

343

58

Accrued expenses

4,200

4,000

415,086

492,670

The directors' loan accounts are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

73,922

35,041

Bank loans - 2-5 years

-

1,667

Hire purchase contracts (see note 8)

9,224

12,822

83,146

49,530

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

3,598

3,598

Between one and five years

9,224

12,822

12,822

16,420

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

99

Ordinary

1

100

100

1

A Ordinary

1

-

-

100

100

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company had loaned £265,844 (2022: £206,263) to Croft Myl Ltd, a company of which Mr and Mrs Nolan are the directors and shareholders.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.