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Company No: 05229435 (England and Wales)

KEVIN HOLBORN ELECTRICAL LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

KEVIN HOLBORN ELECTRICAL LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

KEVIN HOLBORN ELECTRICAL LIMITED

BALANCE SHEET

As at 30 November 2024
KEVIN HOLBORN ELECTRICAL LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 18,820 3,240
18,820 3,240
Current assets
Stocks 4 1,984 1,709
Debtors 5 21,706 121,567
Cash at bank and in hand 20,866 17,665
44,556 140,941
Creditors: amounts falling due within one year 6 ( 76,493) ( 136,253)
Net current (liabilities)/assets (31,937) 4,688
Total assets less current liabilities (13,117) 7,928
Creditors: amounts falling due after more than one year 7 ( 39,947) ( 28,689)
Provision for liabilities 203 ( 623)
Net liabilities ( 52,861) ( 21,384)
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 52,961 ) ( 21,484 )
Total shareholders' deficit ( 52,861) ( 21,384)

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Kevin Holborn Electrical Limited (registered number: 05229435) were approved and authorised for issue by the Board of Directors on 16 April 2025. They were signed on its behalf by:

K Holborn
Director
KEVIN HOLBORN ELECTRICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
KEVIN HOLBORN ELECTRICAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kevin Holborn Electrical Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in . The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW.

The principle place of business is: 17 Emerson Road, Poole, Dorset, BH15 1QS.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 December 2023 10,704 15,845 4,693 31,242
Additions 0 18,423 749 19,172
At 30 November 2024 10,704 34,268 5,442 50,414
Accumulated depreciation
At 01 December 2023 8,547 15,754 3,701 28,002
Charge for the financial year 431 2,778 383 3,592
At 30 November 2024 8,978 18,532 4,084 31,594
Net book value
At 30 November 2024 1,726 15,736 1,358 18,820
At 30 November 2023 2,157 91 992 3,240

4. Stocks

2024 2023
£ £
Stocks 1,750 1,500
Work in progress 234 209
1,984 1,709

5. Debtors

2024 2023
£ £
Trade debtors 0 90,476
Amounts owed by connected companies 20,000 30,000
Other debtors 1,706 1,091
21,706 121,567

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 5,391 13,085
Trade creditors 68 1,315
Amounts owed to directors 54,923 97,822
Accruals 3,000 3,000
Other taxation and social security 181 13,942
Obligations under finance leases and hire purchase contracts 4,440 0
Other creditors 8,490 7,089
76,493 136,253

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 24,312 28,689
Obligations under finance leases and hire purchase contracts 15,635 0
39,947 28,689

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100