Central Electrical Armature Winding Co. - Accounts to registrar (filleted)

REGISTERED NUMBER: 01303644 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CENTRAL ELECTRICAL ARMATURE WINDING CO.

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T J Sutton

S W Sutton

SECRETARY:

Corporate Officer Solutions Ltd

REGISTERED OFFICE:

Kitling Road

Knowsley Industrial Park South

Liverpool

L34 9JA

REGISTERED NUMBER:

01303644 (England and Wales)

AUDITORS:

Additions

Chartered Accountants

Statutory Auditors

One Derby Square

Liverpool

L2 9QR

FIXED ASSETS

Tangible assets

5

384,279

371,066

CURRENT ASSETS

Stocks

681,899

576,576

Debtors

6

3,322,085

3,191,715

Cash at bank and in hand

463,455

44,278

4,467,439

3,812,569

CREDITORS

Amounts falling due within one year

7

1,462,330

1,449,917

NET CURRENT ASSETS

3,005,109

2,362,652

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,389,388

2,733,718

CREDITORS

Amounts falling due after more than one
year

8

(877,770

)

(314,663

)

PROVISIONS FOR LIABILITIES

11

(18,504

)

-

NET ASSETS

2,493,114

2,419,055

CAPITAL AND RESERVES

Called up share capital

12

1,000

Retained earnings

2,492,114

2,418,055

SHAREHOLDERS' FUNDS

2,493,114

2,419,055

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 24 November 2025 and were signed on its behalf by:

S W Sutton - Director

1.	STATUTORY INFORMATION

Central Electrical Armature Winding Co. 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.

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.

Going concern

On the basis of current financial projections and facilities available to the company the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they consider that it is appropriate to adopt the going concern basis in preparing these financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% straight line

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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 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.

Invoice financing

The company has adopted the separate presentation method of accounting, whereby gross factored debts are included in the balance sheet as an asset and the advances from the factor are included in creditors as a liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasoable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Borrowings

Interest bearing loans are recorded at the proceeds received, net of direct issue costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the profit and loss account using the effective interest method and are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise.

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 capital element of the future payments is treated as a liability. The interest element of these obligations is charged to the profit and loss account over the relevant period so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 56 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

1,125,312

391,459

470,961

1,987,732

Additions

16,931

60,515

6,690

84,136

Disposals

-

(71,180

)

-

(71,180

)

At 31 December 2024

1,142,243

380,794

477,651

2,000,688

DEPRECIATION

At 1 January 2024

889,924

290,622

436,120

1,616,666

Charge for year

24,537

27,517

15,105

67,159

Eliminated on disposal

-

(67,416

)

-

(67,416

)

At 31 December 2024

914,461

250,723

451,225

1,616,409

NET BOOK VALUE

At 31 December 2024

227,782

130,071

26,426

384,279

At 31 December 2023

235,388

100,837

34,841

371,066

Included within the net book value of tangible fixed assets is £76,700 (2023 - £56,496) in respect of assets held under hire purchase contracts. Depreciation charged in respect of these assets during the year amounted to £14,637 (2023 - £17,476).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,154,736

1,053,054

Amounts owed by group undertakings

72,815

-

Other debtors

2,094,534

2,138,661

3,322,085

3,191,715

Amounts owed by group undertakings are unsecured, interest free, and have no fixed date for repayment.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts (see note 9)

21,132

23,106

Trade creditors

374,207

484,030

Amounts owed to group undertakings

-

331,745

Taxation and social security

194,257

192,263

Other creditors

872,734

418,773

1,462,330

1,449,917

Amounts owed to group undertakings are unsecured, interest free, and have no fixed date for repayment.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Hire purchase contracts (see note 9)

39,210

7,859

Other creditors

838,560

306,804

877,770

314,663

2024

2023

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

380,305

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

Net obligations repayable:

Within one year

21,132

23,106

Between one and five years

39,210

7,859

60,342

30,965

Non-cancellable

operating leases

2024

2023

£

Within one year

91,174

79,591

Between one and five years

364,698

In more than five years

359,640

450,814

815,512

895,103

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Other loans

680,387

-

Hire purchase contracts

60,342

30,965

Other creditors

496,778

80,218

1,237,507

111,183

Other loans are secured by fixed and floating charges over the assets of the company and the parent company. Liabilities under hire purchase contracts are secured on the assets concerned. Other creditors are secured by fixed and floating charges over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Accelerated capital allowances

73,013

-

Other timing differences

(54,509

)

-

18,504

-

Deferred

tax

£

Accelerated capital allowances

73,013

Other timing differences

(54,509

)

Balance at 31 December 2024

18,504

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,000

Ordinary

£1

1,000

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Maxine Desse BA (Econ) FCA (Senior Statutory Auditor)

for and on behalf of Additions

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

S W Sutton

Balance outstanding at start of year

744,760

743,251

Amounts advanced

1,433

1,509

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

746,193

744,760

T J Sutton

Balance outstanding at start of year

728,331

Amounts advanced

1,506

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

729,837

728,331

The loans to directors are interest free and repayable on demand.

S W Sutton and T J Sutton have provided a joint and several guarantee for £100,000 in respect of the borrowings of the company.

15.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

16.	ULTIMATE CONTROLLING PARTY

The directors S W Sutton and T J Sutton control the company by virtue of their controlling interest in the share capital of Orangemead Limited, the ultimate parent company.