Circuit Electrical Testing Limited - Accounts to registrar (filleted)

CIRCUIT ELECTRICAL TESTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

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

8,396

12,983

CURRENT ASSETS

Stocks

27,342

26,040

Debtors

5

566,245

519,274

Cash at bank and in hand

12,959

16,706

606,546

562,020

CREDITORS

Amounts falling due within one year

6

380,134

415,086

NET CURRENT ASSETS

226,412

146,934

TOTAL ASSETS LESS CURRENT LIABILITIES

234,808

159,917

CREDITORS

Amounts falling due after more than one
year

7

84,691

83,146

NET ASSETS

150,117

76,771

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

150,017

76,671

SHAREHOLDERS' FUNDS

150,117

76,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 14 August 2026 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 18 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

6,415

18,330

116,546

24,043

165,334

Additions

-

999

At 31 March 2026

6,415

18,330

116,546

25,042

166,333

DEPRECIATION

At 1 April 2025

6,090

15,440

107,204

23,617

152,351

Charge for year

81

2,273

2,855

377

5,586

At 31 March 2026

6,171

17,713

110,059

23,994

157,937

NET BOOK VALUE

At 31 March 2026

244

617

6,487

1,048

8,396

At 31 March 2025

325

2,890

9,342

426

12,983

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

131,182

151,887

Other debtors

431,951

367,387

Prepayments

3,112

-

566,245

519,274

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

174,664

203,466

Hire purchase contracts (see note 8)

3,598

Trade creditors

29,521

73,948

Tax

74,109

45,336

Social security and other taxes

11,599

19,925

VAT

79,202

61,448

Other creditors

2,093

2,822

Directors' current accounts

938

343

Accrued expenses

4,410

4,200

380,134

415,086

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

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans - 1-2 years

79,065

73,922

Hire purchase contracts (see note 8)

5,626

9,224

84,691

83,146

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

Net obligations repayable:

Within one year

3,598

Between one and five years

5,626

9,224

12,822

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

99

Ordinary

1

100

1

A Ordinary

1

-

100

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company had loaned £412,285 (2025: £368,520) 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.