Core Electrical NW Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15183437 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

CORE ELECTRICAL NW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J W S Atmore

REGISTERED OFFICE:

10 Nicholas Street

Chester

Cheshire

CH1 2NX

REGISTERED NUMBER:

15183437 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

10 Nicholas Street

Chester

CH1 2NX

BANKERS:

Tide Bank

4th Floor

The Featherstone Building

66 City Road

London

EC1Y 2AL

FIXED ASSETS

Tangible assets

4

8,022

13,614

CURRENT ASSETS

Stocks

5

1,528

4,651

Debtors

6

9,169

10,519

Cash at bank

10,713

20,607

21,410

35,777

CREDITORS

Amounts falling due within one year

7

43,864

59,594

NET CURRENT LIABILITIES

(22,454

)

(23,817

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,432

)

(10,203

)

CAPITAL AND RESERVES

Called up share capital

9

101

Retained earnings

(14,533

)

(10,304

)

SHAREHOLDERS' FUNDS

(14,432

)

(10,203

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29th July 2026 and were signed by:

J W S Atmore - Director

1.	STATUTORY INFORMATION

Core Electrical NW 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.	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.

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

Centriblast Global Holdings Limited and the directors have agreed to fully support Core Electrical NW Limited financially for the foreseeable future and will not seek repayment of intercompany balances due to them beyond that of which Core Electrical NW Limited can afford to pay.

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.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Stocks

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

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1st January 2025

647

19,774

-

20,421

Additions

-

1,249

At 31st December 2025

647

19,774

1,249

21,670

DEPRECIATION

At 1st January 2025

216

6,591

-

6,807

Charge for year

215

6,591

35

6,841

At 31st December 2025

431

13,182

35

13,648

NET BOOK VALUE

At 31st December 2025

216

6,592

1,214

8,022

At 31st December 2024

431

13,183

-

13,614

5.

STOCKS

31.12.25

31.12.24

£

Stocks

1,528

4,651

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

685

2,788

Deferred tax asset

4,891

3,480

Prepayments

3,593

4,251

9,169

10,519

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

1,952

5,715

Tax

-

32

Social security and other taxes

974

1,258

Wages control

3,888

3,975

Pension control

174

272

VAT

1,155

4,202

Related party creditor

33,949

40,430

Directors' current accounts

462

2,400

Accruals and deferred income

1,310

43,864

59,594

8.	DEFERRED TAX

£

Balance at 1st January 2025

(3,480

)

Changes in tax allowances

(1,399

)

Changes in tax losses

(12

)

Balance at 31st December 2025

(4,891

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

100

Ordinary A

£1

100

1

Ordinary B

£1

1

101

10.	CAPITAL COMMITMENTS

31.12.25

31.12.24

£

Contracted but not provided for in the

financial statements

-

11.	RELATED PARTY DISCLOSURES

At the year end, there was an inter-company loan from Centriblast Global Holdings Limited. The balance is included in creditors and the amount outstanding is £33,949. (2024: £40,430)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Centriblast Global Holdings Limited.