REGISTERED NUMBER: 03179578 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

T & J Electrics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Morton

REGISTERED OFFICE:

77 South St North

New Whittington

Chesterfield

Derbyshire

S43 2AA

REGISTERED NUMBER:

03179578 (England and Wales)

ACCOUNTANTS:

Hadfields Chartered Certified Accountants

Commerce House

658B Chatsworth Road

Chesterfield

Derbyshire

S40 3JZ

FIXED ASSETS

Tangible assets

4

11,608

14,621

CURRENT ASSETS

Stocks

2,329

4,446

Debtors

5

64,833

57,075

Cash at bank

14,604

42,974

81,766

104,495

CREDITORS

Amounts falling due within one year

6

60,134

62,511

NET CURRENT ASSETS

21,632

41,984

TOTAL ASSETS LESS CURRENT LIABILITIES

33,240

56,605

PROVISIONS FOR LIABILITIES

7

2,206

3,655

NET ASSETS

31,034

52,950

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

30,834

52,750

SHAREHOLDERS' FUNDS

31,034

52,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 19 June 2025 and were signed by:

R Morton - Director

1.	STATUTORY INFORMATION

T & J Electrics 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

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Plant and

Motor

Computer

Buildings

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

11,086

5,275

50,382

8,893

75,636

DEPRECIATION

At 1 March 2024

11,086

5,099

35,952

8,878

61,015

Charge for year

-

36

2,972

5

3,013

At 28 February 2025

11,086

5,135

38,924

8,883

64,028

NET BOOK VALUE

At 28 February 2025

-

140

11,458

10

11,608

At 29 February 2024

-

176

14,430

15

14,621

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,667

28,162

Amounts owed by group undertakings

23,604

26,815

Other debtors

1,562

2,098

64,833

57,075

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,432

11,921

Trade creditors

7,331

11,728

Taxation and social security

21,872

36,100

Other creditors

17,499

2,762

60,134

62,511

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

2,206

3,655

Deferred

tax

£

Balance at 1 March 2024

3,655

Provided during year

(1,449

)

Balance at 28 February 2025

2,206

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

100

Not voting B

£1

100

100

200

200

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, total dividends of £7,480 (2024 - £16,560) were paid to the director .