REGISTERED NUMBER: 01358795 (England and Wales)

CARALDANE LIMITED

TRADING AS

LYONS ELECTRICAL

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Lyons

Mr M Watkins

Mr R Owen

Mr L W Cook

SECRETARY:

Mrs K Lyons

REGISTERED OFFICE:

7 Deacon Trading Estate

Knight Road

Strood

Rochester

Kent

ME2 2AU

REGISTERED NUMBER:

01358795 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Building 1063

Cornforth Drive

Kent Science Park

SITTINGBOURNE

Kent

ME9 8PX

FIXED ASSETS

Tangible assets

5

213,026

104,989

CURRENT ASSETS

Stocks

6

20,000

20,000

Debtors

7

861,453

922,483

Cash at bank and in hand

411,611

430,720

1,293,064

1,373,203

CREDITORS

Amounts falling due within one year

8

685,350

587,000

NET CURRENT ASSETS

607,714

786,203

TOTAL ASSETS LESS CURRENT LIABILITIES

820,740

891,192

CREDITORS

Amounts falling due after more than one year

9

(27,463

)

(41,785

)

PROVISIONS FOR LIABILITIES

(49,543

)

(20,636

)

NET ASSETS

743,734

828,771

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Retained earnings

742,734

827,771

SHAREHOLDERS' FUNDS

743,734

828,771

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2026 and were signed on its behalf by:

Mr M Lyons - Director

1.	STATUTORY INFORMATION

Caraldane 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets and the recoverability of retentions.

Turnover

Turnover represents the value, net of value added tax and discounts, of the sale of materials and labour relating to electrical installation, after accounting for accrued income.

In accordance with accounting standards, income is accrued to reflect the fair value of the right of consideration under contracts.

In determining the fair value of the consideration receivable the risk of default is a key factor, particularly in relation to retentions. If the risk of default, taking into consideration all known factors, is so high that it is not probable that any payment will be received then no revenue is recognised until such time as receipt becomes probable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Government grants

During the year the company received the following revenue based grants.

Employment allowance to contribute towards the Employers National Insurance costs of employing staff.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Inventories are also assessed for impairment at each reporting date. Each item of inventory is compared to the last sold date and an impairment loss recognised on a percentage basis in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit and loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 22 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

22,832

28,753

193,150

23,516

268,251

Additions

14,476

24,231

102,497

3,464

144,668

Disposals

-

(21,889

)

(42,654

)

(1,040

)

(65,583

)

At 31 July 2025

37,308

31,095

252,993

25,940

347,336

DEPRECIATION

At 1 August 2024

21,097

25,698

99,093

17,374

163,262

Charge for year

680

1,919

23,535

1,429

27,563

Eliminated on disposal

-

(21,495

)

(34,028

)

(992

)

(56,515

)

At 31 July 2025

21,777

6,122

88,600

17,811

134,310

NET BOOK VALUE

At 31 July 2025

15,531

24,973

164,393

8,129

213,026

At 31 July 2024

1,735

3,055

94,057

6,142

104,989

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 August 2024

and 31 July 2025

80,212

DEPRECIATION

At 1 August 2024

16,042

Charge for year

12,834

At 31 July 2025

28,876

NET BOOK VALUE

At 31 July 2025

51,336

At 31 July 2024

64,170

6.

STOCKS

31.7.25

31.7.24

£

£

Stocks

20,000

20,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

820,562

799,459

Other debtors

691

-

VAT refund

10,281

-

Directors' Current Accounts

-

96,000

Prepayments

29,919

27,024

861,453

922,483

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts (see note 10)

14,321

14,321

Trade creditors

337,677

308,563

Other creditors

36,731

3,118

Other taxes and PAYE

192,506

134,439

Accruals and deferred income

104,115

126,559

685,350

587,000

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Hire purchase contracts (see note 10)

27,463

41,785

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.7.25

31.7.24

£

£

Net obligations repayable:

Within one year

14,321

14,321

Between one and five years

27,463

41,785

41,784

56,106

Non-cancellable

operating leases

31.7.25

31.7.24

£

£

Within one year

61,441

61,614

Between one and five years

31,469

16,200

In more than five years

31,187

23,100

124,097

100,914

11.	SECURED DEBTS

The bank holds a debenture over all the company's assets dated 10 November 1993, in relation to any amounts outstanding between the company and the bank.

No such amounts were outstanding during any part of the current or previous year.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

On 2 August 2024, the shares were transferred to an Employee Ownership Trust in the name of Caraldane Trustees Limited.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Mr M Lyons

Balance outstanding at start of year

48,000

38,076

Amounts advanced

-

48,000

Amounts repaid

(48,000

)

(38,076

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

48,000

Mrs K Lyons

Balance outstanding at start of year

48,000

38,076

Amounts advanced

-

48,000

Amounts repaid

(48,000

)

(38,076

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

48,000

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the year was Caraldane Trustees Limited. Caraldane Trustees Limited holds the ordinary shares in issue for Caraldane Limited in Trust, for the Caraldane Employee Ownership Trust and the benefit of employees.