IRIS Accounts Production v25.1.3.33 03302078 director 1.2.24 31.1.25 31.1.25 false true false false false true false Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033020782024-01-31033020782025-01-31033020782024-02-012025-01-31033020782023-01-31033020782023-02-012024-01-31033020782024-01-3103302078ns15:EnglandWales2024-02-012025-01-3103302078ns14:PoundSterling2024-02-012025-01-3103302078ns10:Director12024-02-012025-01-3103302078ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3103302078ns10:SmallEntities2024-02-012025-01-3103302078ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3103302078ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3103302078ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3103302078ns10:FullAccounts2024-02-012025-01-310330207812024-02-012025-01-3103302078ns10:OrdinaryShareClass22024-02-012025-01-3103302078ns10:OrdinaryShareClass32024-02-012025-01-3103302078ns10:RegisteredOffice2024-02-012025-01-3103302078ns5:CurrentFinancialInstruments2025-01-3103302078ns5:CurrentFinancialInstruments2024-01-3103302078ns5:Non-currentFinancialInstruments2025-01-3103302078ns5:Non-currentFinancialInstruments2024-01-3103302078ns5:ShareCapital2025-01-3103302078ns5:ShareCapital2024-01-3103302078ns5:CapitalRedemptionReserve2025-01-3103302078ns5:CapitalRedemptionReserve2024-01-3103302078ns5:RetainedEarningsAccumulatedLosses2025-01-3103302078ns5:RetainedEarningsAccumulatedLosses2024-01-3103302078ns5:NetGoodwill2024-02-012025-01-3103302078ns5:PlantMachinery2024-02-012025-01-3103302078ns5:FurnitureFittings2024-02-012025-01-3103302078ns5:MotorVehicles2024-02-012025-01-3103302078ns5:ComputerEquipment2024-02-012025-01-3103302078ns5:NetGoodwill2024-01-3103302078ns5:NetGoodwill2025-01-3103302078ns5:NetGoodwill2024-01-3103302078ns5:PlantMachinery2024-01-3103302078ns5:FurnitureFittings2024-01-3103302078ns5:MotorVehicles2024-01-3103302078ns5:ComputerEquipment2024-01-3103302078ns5:PlantMachinery2025-01-3103302078ns5:FurnitureFittings2025-01-3103302078ns5:MotorVehicles2025-01-3103302078ns5:ComputerEquipment2025-01-3103302078ns5:PlantMachinery2024-01-3103302078ns5:FurnitureFittings2024-01-3103302078ns5:MotorVehicles2024-01-3103302078ns5:ComputerEquipment2024-01-3103302078ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3103302078ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103302078ns5:DeferredTaxation2024-01-3103302078ns5:DeferredTaxation2024-02-012025-01-3103302078ns5:DeferredTaxation2025-01-3103302078ns10:OrdinaryShareClass22025-01-3103302078ns10:OrdinaryShareClass32025-01-3103302078ns5:RetainedEarningsAccumulatedLosses2024-01-3103302078ns5:CapitalRedemptionReserve2024-01-3103302078ns5:RetainedEarningsAccumulatedLosses2024-02-012025-01-31033020781ns10:Director12024-01-31033020781ns10:Director12023-01-31033020781ns10:Director12024-02-012025-01-31033020781ns10:Director12023-02-012024-01-31033020781ns10:Director12025-01-31033020781ns10:Director12024-01-31
REGISTERED NUMBER: 03302078 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

HOBBS ELECTRICAL SERVICES LIMITED

HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOBBS ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2025







DIRECTOR: J Hobbs





REGISTERED OFFICE: 7a St Pauls Court
Stony Stratford
Buckinghamshire
MK11 1LJ





REGISTERED NUMBER: 03302078 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,600,000 2,800,000
Tangible assets 5 154,493 102,194
2,754,493 2,902,194

CURRENT ASSETS
Stocks 6 10,000 10,000
Debtors 7 1,285,578 1,189,512
Cash at bank 550,133 906,453
1,845,711 2,105,965
CREDITORS
Amounts falling due within one year 8 907,821 1,503,968
NET CURRENT ASSETS 937,890 601,997
TOTAL ASSETS LESS CURRENT LIABILITIES 3,692,383 3,504,191

CREDITORS
Amounts falling due after more than one
year

9

(746,524

)

(1,525,295

)

PROVISIONS FOR LIABILITIES 10 (38,624 ) (25,549 )

ACCRUALS AND DEFERRED INCOME (109,670 ) (202,500 )
NET ASSETS 2,797,565 1,750,847

CAPITAL AND RESERVES
Called up share capital 11 91 91
Capital redemption reserve 12 10 10
Retained earnings 12 2,797,464 1,750,746
SHAREHOLDERS' FUNDS 2,797,565 1,750,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

BALANCE SHEET - continued
31 January 2025


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 director and authorised for issue on 15 May 2025 and were signed by:





J Hobbs - Director


HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2025


1. STATUTORY INFORMATION

Hobbs Electrical Services 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 have also been consistently applied within the same accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of fifteen years.

HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 11 ) .

HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 3,000,000
AMORTISATION
At 1 February 2024 200,000
Amortisation for year 200,000
At 31 January 2025 400,000
NET BOOK VALUE
At 31 January 2025 2,600,000
At 31 January 2024 2,800,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 189,003 6,741 - 42,460 238,204
Additions 5,090 - 72,100 1,050 78,240
At 31 January 2025 194,093 6,741 72,100 43,510 316,444
DEPRECIATION
At 1 February 2024 117,682 2,535 - 15,793 136,010
Charge for year 10,948 631 10,317 4,045 25,941
At 31 January 2025 128,630 3,166 10,317 19,838 161,951
NET BOOK VALUE
At 31 January 2025 65,463 3,575 61,783 23,672 154,493
At 31 January 2024 71,321 4,206 - 26,667 102,194

6. STOCKS
2025 2024
£    £   
Stocks 10,000 10,000

HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 764,070 671,020
Other debtors 67 -
Hobbs Electrical Property Ltd 403,036 400,745
Other Debtors - Sophie - 15,000
VAT 56,734 92,039
Prepayments 61,671 10,708
1,285,578 1,189,512

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 475,786 1,069,323
Corporation tax 183,509 357,917
Social security and other taxes 118,988 34,868
Hobbs Capital Ltd 30,133 30,692
Pension control account 5,020 3,163
NW Credit Card 621 1,101
Capital on Tap 93,764 6,904
907,821 1,503,968

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Deferred Consideration 745,295 1,525,295
Other Creditors 1,229 -
746,524 1,525,295

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 38,624 25,549

Deferred
tax
£   
Balance at 1 February 2024 25,549
Provided during year 13,075
Balance at 31 January 2025 38,624

HOBBS ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 03302078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2025


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
90 Ordinary 'A' £1 90 90
1 Ordinary 'B' £1 1 1
91 91

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2024 1,750,746 10 1,750,756
Profit for the year 1,074,009 1,074,009
Dividends (27,291 ) (27,291 )
At 31 January 2025 2,797,464 10 2,797,474

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
J Hobbs
Balance outstanding at start of year - 7,940
Amounts advanced - 252,060
Amounts repaid - (260,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

14. RELATED PARTY DISCLOSURES

Included in other debtors is a loan of £403,036 given by the company to Hobbs Electrical Property Ltd. This loan is interest free and payable on demand.

Included in other creditors is a loan of £30,133 given by Hobbs Capital Ltd to the company. This loan is interest free and payable on demand.

15. ULTIMATE CONTROLLING PARTY

Hobbs Capital Limited has a 100% controlling interest in the company by virtue of their shareholding.