REGISTERED NUMBER: 04829696 (England and Wales)

R Newsam Electrical Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R J Newsam

REGISTERED OFFICE:

West Green

Main Road

Skeffling

East Yorkshire

HU12 0UP

REGISTERED NUMBER:

04829696 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Tangible assets

4

21,062

15,781

CURRENT ASSETS

Stocks

5

5,671

1,650

Debtors

6

5,860

15,264

Cash at bank

18,668

12,353

30,199

29,267

CREDITORS

Amounts falling due within one year

7

15,023

20,472

NET CURRENT ASSETS

15,176

8,795

TOTAL ASSETS LESS CURRENT LIABILITIES

36,238

24,576

CREDITORS

Amounts falling due after more than one year

8

(13,588

)

-

PROVISIONS FOR LIABILITIES

(3,184

)

(2,998

)

NET ASSETS

19,466

21,578

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

19,464

21,576

19,466

21,578

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2025 and were signed by:

Mr R J Newsam - Director

1.	STATUTORY INFORMATION

R Newsam Electrical 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

1,225

2,245

18,651

2,116

24,237

Additions

110

-

26,327

-

26,437

Disposals

-

-

(18,651

)

-

(18,651

)

At 31 March 2025

1,335

2,245

26,327

2,116

32,023

DEPRECIATION

At 1 April 2024

546

1,504

4,663

1,743

8,456

Charge for year

198

247

6,582

141

7,168

Eliminated on disposal

-

-

(4,663

)

-

(4,663

)

At 31 March 2025

744

1,751

6,582

1,884

10,961

NET BOOK VALUE

At 31 March 2025

591

494

19,745

232

21,062

At 31 March 2024

679

741

13,988

373

15,781

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

26,327

At 31 March 2025

26,327

DEPRECIATION

Charge for year

6,582

At 31 March 2025

6,582

NET BOOK VALUE

At 31 March 2025

19,745

5.

STOCKS

2025

2024

£

£

Stocks

1,462

1,150

Work-in-progress

4,209

500

5,671

1,650

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,570

11,466

Other debtors

-

355

VAT

1,262

2,874

Prepayments

1,028

569

5,860

15,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,808

-

Trade creditors

2,365

1,531

Directors' current accounts

8,636

17,841

Accruals

1,214

1,100

15,023

20,472

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,588

-