Company Registration No. 14417672 (England and Wales)
General Electrical Services Limited
Unaudited accounts
for the year ended 31 March 2025
General Electrical Services Limited
Unaudited accounts
Contents
General Electrical Services Limited
Company Information
for the year ended 31 March 2025
Directors
Mr G Cumber
Mrs S Cumber
Company Number
14417672 (England and Wales)
Registered Office
11 Thetford Gardens
Chandlers Ford
Eastleigh
Hampshire
SO53 4RN
General Electrical Services Limited
Statement of financial position
as at 31 March 2025
Tangible assets
7,444
10,172
Cash at bank and in hand
19,718
112,320
Creditors: amounts falling due within one year
(170,536)
(225,416)
Net current liabilities
(7,311)
(10,051)
Called up share capital
100
100
Profit and loss account
33
21
Shareholders' funds
133
121
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by
Mr G Cumber
Director
Company Registration No. 14417672
General Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2025
General Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 14417672. The registered office is 11 Thetford Gardens, Chandlers Ford, Eastleigh, Hampshire, SO53 4RN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with the 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
General Electrical Services Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
13,000
639
13,639
At 31 March 2025
13,000
639
13,639
At 1 April 2024
3,467
-
3,467
Charge for the year
2,600
128
2,728
At 31 March 2025
6,067
128
6,195
At 31 March 2025
6,933
511
7,444
At 31 March 2024
9,533
639
10,172
Amounts falling due within one year
Trade debtors
143,507
103,045
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
43,991
67,193
Taxes and social security
12,096
8,635
Other creditors
5,645
11,007
Loans from directors
61,296
98,976
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).