Registered number
02098076
D.R. Electrical Limited
Filleted Accounts
31 March 2025
D.R. Electrical Limited
Registered number: 02098076
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 44,007 17,625
Current assets
Stocks 57,228 16,074
Debtors 4 88,413 85,518
Cash at bank and in hand 31,343 78,357
176,984 179,949
Creditors: amounts falling due within one year 5 (74,371) (61,801)
Net current assets 102,613 118,148
Net assets 146,620 135,773
Capital and reserves
Called up share capital 100 100
Profit and loss account 146,520 135,673
Shareholders' funds 146,620 135,773
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Roughley
Director
Approved by the board on 16 June 2025
D.R. Electrical Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehciles 25% Reducing Balance
Plant and machinery 20% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 12,313 49,651 61,964
Additions - 40,990 40,990
At 31 March 2025 12,313 90,641 102,954
Depreciation
At 1 April 2024 11,394 32,945 44,339
Charge for the year 184 14,424 14,608
At 31 March 2025 11,578 47,369 58,947
Net book value
At 31 March 2025 735 43,272 44,007
At 31 March 2024 919 16,706 17,625
4 Debtors 2025 2024
£ £
Trade debtors 78,712 51,948
Other debtors 9,701 33,570
88,413 85,518
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 36,219 22,121
Taxation and social security costs 15,377 31,424
Other creditors 22,775 8,256
74,371 61,801
6 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 8,328 6,994
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Andrew David Roughley
Loan - interest free 4,306 13 (5,500) (1,181)
8 Other information
D.R. Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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