Core Electrical Solutions Ltd - Accounts to registrar (filleted) - small 18.2

Core Electrical Solutions Ltd - Accounts to registrar (filleted) - small 18.2

CORE ELECTRICAL SOLUTIONS LTD - Company Information

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REGISTERED NUMBER: 06121386 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

FOR

CORE ELECTRICAL SOLUTIONS LTD
CORE ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 06121386)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORE ELECTRICAL SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2021







DIRECTORS: Mr M Sanders
Mr C Wren
Mrs Y C Wren





SECRETARY: Mr C Wren





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 06121386 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co Ltd
Chartered Certified Accountants
4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL
1
CORE ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 06121386)

BALANCE SHEET
31 AUGUST 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,906 2,368

CURRENT ASSETS
Stocks 6,423 4,923
Debtors 5 422,220 374,526
Cash at bank 5,305 -
433,948 379,449
CREDITORS
Amounts falling due within one year 6 279,723 209,149
NET CURRENT ASSETS 154,225 170,300
TOTAL ASSETS LESS CURRENT
LIABILITIES
156,131
172,668

CREDITORS
Amounts falling due after more than one year 7 55,370 130,198
NET ASSETS 100,761 42,470

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,661 42,370
SHAREHOLDERS' FUNDS 100,761 42,470

The notes form part of these financial statements

2
CORE ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 06121386)

BALANCE SHEET - continued
31 AUGUST 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 31 August 2022 and were signed on its behalf by:





Mrs Y C Wren - Director


The notes form part of these financial statements

3
CORE ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 06121386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

1. STATUTORY INFORMATION

Core Electrical Solutions Ltd 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. 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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 etc - 25% on reducing balance

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

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 17 (2020 - 13 ) .

4
CORE ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 06121386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2020 4,673
Additions 174
At 31 August 2021 4,847
DEPRECIATION
At 1 September 2020 2,305
Charge for year 636
At 31 August 2021 2,941
NET BOOK VALUE
At 31 August 2021 1,906
At 31 August 2020 2,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 57,705 -
Other debtors 364,515 374,526
422,220 374,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 35,648 -
Trade creditors 131,198 23,166
Taxation and social security 58,794 117,942
Other creditors 54,083 68,041
279,723 209,149

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 52,740 118,925
Other creditors 2,630 11,273
55,370 130,198

5