Clemson Electrical Services (NW) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05844429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Clemson Electrical Services (Northwest)

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Clemson

S Clemson

SECRETARY:

N Clemson

REGISTERED OFFICE:

Bull Hole Farm

Well Head Road

Newchuch in Pendle

Burnley

Lancashire

BB12 9LP

REGISTERED NUMBER:

05844429 (England and Wales)

ACCOUNTANTS:

Egan Roberts Limited

Accountants

Suite 46

Manor Court

Salesbury Hall Road

Ribchester

Lancashire

PR3 3XR

FIXED ASSETS

Tangible assets

4

15,672

5,513

Investments

5

20,151

20,151

35,823

25,664

CURRENT ASSETS

Stocks

875

1,000

Debtors

6

181,826

160,321

Cash at bank

249,486

156,142

432,187

317,463

CREDITORS

Amounts falling due within one year

7

169,486

119,509

NET CURRENT ASSETS

262,701

197,954

TOTAL ASSETS LESS CURRENT LIABILITIES

298,524

223,618

CREDITORS

Amounts falling due after more than one year

8

(35,186

)

(40,741

)

PROVISIONS FOR LIABILITIES

(3,918

)

-

NET ASSETS

259,420

182,877

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

259,220

182,677

SHAREHOLDERS' FUNDS

259,420

182,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:

S Clemson - Director

1.	STATUTORY INFORMATION

Clemson Electrical Services (Northwest) 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 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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Over the remaining lease term

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

401

4,797

17,499

4,886

27,583

Additions

-

-

14,800

-

14,800

Disposals

-

-

(13,099

)

-

(13,099

)

At 31 March 2023

401

4,797

19,200

4,886

29,284

DEPRECIATION

At 1 April 2022

360

4,797

12,027

4,886

22,070

Charge for year

6

-

1,985

-

1,991

Eliminated on disposal

-

-

(10,449

)

-

(10,449

)

At 31 March 2023

366

4,797

3,563

4,886

13,612

NET BOOK VALUE

At 31 March 2023

35

-

15,637

-

15,672

At 31 March 2022

41

-

5,472

-

5,513

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

20,151

NET BOOK VALUE

At 31 March 2023

20,151

At 31 March 2022

20,151

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

111,031

89,293

Amounts owed by group undertakings

67,900

67,900

Other debtors

2,502

1,137

Tax

-

1,766

Prepayments

393

225

181,826

160,321

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

-

570

Tax

32,855

18,070

Social security and other taxes

2,421

2,950

VAT

23,826

19,689

Other creditors

438

1,622

Directors' current accounts

101,715

69,012

Accrued expenses

2,675

2,040

169,486

119,509

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

5,556

5,556

Bank loans - 2-5 years

16,667

16,667

Bank loans more 5 yr by instal

12,963

18,518

35,186

40,741

2023

2022

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,963

18,518

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY