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REGISTERED NUMBER: 01793021 (England and Wales)















David Fear Electrical Contractors
Limited

Unaudited Financial Statements

for the Period 1 April 2023 to 30 September 2024






David Fear Electrical Contractors
Limited (Registered number: 01793021)






Contents of the Financial Statements
for the period 1 April 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


David Fear Electrical Contractors
Limited

Company Information
for the period 1 April 2023 to 30 September 2024







DIRECTORS: J C Hawkins
D J Tainton





SECRETARY: J C Hawkins





REGISTERED OFFICE: 523 Gloucester Road
Horfield
Bristol
BS7 8UG





REGISTERED NUMBER: 01793021 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

David Fear Electrical Contractors
Limited (Registered number: 01793021)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,253 21,613

CURRENT ASSETS
Stocks 5 40,572 18,443
Debtors 6 359,204 245,986
Cash at bank 218,905 79,339
618,681 343,768
CREDITORS
Amounts falling due within one year 7 419,341 186,044
NET CURRENT ASSETS 199,340 157,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,593

179,337

PROVISIONS FOR LIABILITIES 4,325 4,325
NET ASSETS 211,268 175,012

CAPITAL AND RESERVES
Called up share capital 8 105 105
Share premium 149,955 149,955
Capital redemption reserve 45 45
Retained earnings 61,163 24,907
SHAREHOLDERS' FUNDS 211,268 175,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

David Fear Electrical Contractors
Limited (Registered number: 01793021)

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





J C Hawkins - Director


David Fear Electrical Contractors
Limited (Registered number: 01793021)

Notes to the Financial Statements
for the period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

David Fear Electrical Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Summary of significant judgements and estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented..

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Fixtures, fittings & equipment 15% or 25% reducing balance
Motor vehicles 33% reducing balance

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.


David Fear Electrical Contractors
Limited (Registered number: 01793021)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Trade debtors
Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods and services acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non-current liabilities.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 7 ) .

David Fear Electrical Contractors
Limited (Registered number: 01793021)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 28,148 42,088 70,236
Additions 5,562 - 5,562
Disposals (3,584 ) (13,088 ) (16,672 )
At 30 September 2024 30,126 29,000 59,126
DEPRECIATION
At 1 April 2023 23,330 25,293 48,623
Charge for period 3,954 5,794 9,748
Eliminated on disposal (3,584 ) (11,914 ) (15,498 )
At 30 September 2024 23,700 19,173 42,873
NET BOOK VALUE
At 30 September 2024 6,426 9,827 16,253
At 31 March 2023 4,818 16,795 21,613

5. STOCKS
2024 2023
£    £   
Stocks - 1,000
Work-in-progress 40,572 17,443
40,572 18,443

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 206,138 47,644
Amounts owed by group undertakings 103,538 114,006
Amounts owed by participating interests - 49,000
Other debtors 49,528 35,336
359,204 245,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 255,183 121,263
Taxation and social security 5,303 3,960
Other creditors 158,855 60,821
419,341 186,044

David Fear Electrical Contractors
Limited (Registered number: 01793021)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
105 Ordinary shares £1.00 105 105

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent is T.I. Holdings Limited, incorporated in the United Kingdom.

The ultimate parents are JCH Holdings Limited and DT Holdings (Bristol) Limited, incorporated in the United Kingdom.

The ultimate controlling parties are Ms J C Hawkins and Mr D J Tainton by virtue of their respective shareholdings in JCH Holdings Limited and DT Holdings (Bristol) Limited.