C-N-G Electrical Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

C-N-G Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07964458 . The registered office is Unit 4 The Green, Hawks Green Lane, Cannock, WS11 7LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors continue to adopt the going concern basis of accounting in preparing financial statements.

2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Plant & Machinery	25% on reducing balance
Motor Vehicles	20% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

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C-N-G Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

2.8. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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C-N-G Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 31 (2024: 29)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 August 2024	135,308	68,924	220,774	13,948
Additions	-	-	74,285	25,354

As at 31 July 2025	135,308	68,924	295,059	39,302

Depreciation
As at 1 August 2024	8,914	54,079	96,828	9,837
Provided during the period	2,707	3,711	31,610	2,017

As at 31 July 2025	11,621	57,790	128,438	11,854

Net Book Value
As at 31 July 2025	123,687	11,134	166,621	27,448

As at 1 August 2024	126,394	14,845	123,946	4,111


	Computer Equipment	Total
	£	£
Cost
As at 1 August 2024	21,734	460,688
Additions	2,930	102,569

As at 31 July 2025	24,664	563,257

Depreciation
As at 1 August 2024	14,354	184,012
Provided during the period	2,111	42,156

As at 31 July 2025	16,465	226,168

...CONTINUED

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C-N-G Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

Net Book Value
As at 31 July 2025	8,199	337,089

As at 1 August 2024	7,380	276,676

5. Stocks

	31 July 2025	31 July 2024
	£	£
Stock	90,000	40,000

6. Debtors

	31 July 2025	31 July 2024
	£	£
Due within one year
Trade debtors	381,298	295,128
Prepayments and accrued income	110,156	449,510
Other debtors	61,726	8,063
VAT	120,334	53,549

	673,514	806,250

7. Creditors: Amounts Falling Due Within One Year

	31 July 2025	31 July 2024
	£	£
Net obligations under finance lease and hire purchase contracts	19,277	19,368
Trade creditors	750,751	500,026
Bank loans and overdrafts	29,167	35,000
Corporation tax	46,021	19,741
Other taxes and social security	32,894	18,352
Net wages	-	10,167
Other creditors	119,417	113,797
Pension creditor	3,381	243
Accruals and deferred income	50,912	2,430
Directors' loan accounts	28	9

	1,051,848	719,133

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C-N-G Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Creditors: Amounts Falling Due After More Than One Year

	31 July 2025	31 July 2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,610	39,032
Bank loans	-	29,167

	14,610	68,199

9. Obligations Under Finance Leases and Hire Purchase

	31 July 2025	31 July 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	19,277	19,368
Later than one year and not later than five years	14,610	39,032

	33,887	58,400

	33,887	58,400

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 August 2024	37,571	37,571
Deferred taxation	15,779	15,779

Balance at 31 July 2025	53,350	53,350

11. Share Capital

	31 July 2025	31 July 2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100
150 Ordinary B shares of £ 1.00 each	150	150

	250	250

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C-N-G Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

12. Related Party Transactions

CNG Property Developments Limited

A company in which Mr Cook and Mr Grundy are also directors.

At the balance sheet date there was an outstanding loan payable to CNG Property Developments Limited of £103,739 (2024: £98,119). This loan is interest free and repayable upon demand.

CNG Lettings Limited

A company in which Mr Cook and Mr Grundy are also directors.

At the balance sheet date there was an outstanding loan due from CNG Lettings Limited of £779 (2024: £779). This loan is interest free and repayable upon demand.

CNG EV Limited

A company in which Mr Cook and Mr Grundy are also directors.

At the balance sheet date there was an outstanding loan due from CNG EV Limited of £863 (2024: £649). This loan is interest free and repayable upon demand.

CNG Building & Developments Limited

A compnay in which Mr Cook and Mr Grundy are also directors.

At the balance sheet date there was an outstanding loan due from CNG Building & Developments Limited of £164 (2024: £0). This loan is interest free and repayable upon demand.

Chestnut Close Management Services Ltd

A company in which Mr Cook and Mr Grundy are also directors.

At the balance sheet date there was an outstanding loan due from Chestnut Close Management Services Ltd of £91 (2024: £91). This loan is interest free and repayable upon demand.

13. Ultimate Controlling Party

The company's ultimate controlling party is Mr C Grundy and Mr R Cook by virtue of their ownership of the issued share capital in the company.

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		31 July 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		337,089		276,676

			337,089		276,676
CURRENT ASSETS
Stocks	5	90,000		40,000
Debtors	6	673,514		806,250
Cash at bank and in hand		496,064		151,960

		1,259,578		998,210
Creditors: Amounts Falling Due Within One Year	7	(1,051,848 )		(719,133 )

NET CURRENT ASSETS (LIABILITIES)			207,730		279,077

TOTAL ASSETS LESS CURRENT LIABILITIES			544,819		555,753

Creditors: Amounts Falling Due After More Than One Year	8		(14,610 )		(68,199 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(53,350 )		(37,571 )

NET ASSETS			476,859		449,983

CAPITAL AND RESERVES
Called up share capital	11		250		250
Profit and Loss Account			476,609		449,733

SHAREHOLDERS' FUNDS			476,859		449,983