2024-02-01 2025-01-31 08854207 Stefan Electrical Contractors Ltd false 08854207 2024-02-01 2025-01-31 08854207 uk-bus:Director1 2024-02-01 2025-01-31 08854207 uk-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 08854207 uk-bus:SmallEntities 2024-02-01 2025-01-31 08854207 uk-bus:FullAccounts 2024-02-01 2025-01-31 08854207 uk-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08854207 2024-02-01 08854207 2025-01-31 08854207 2024-01-31 xbrli:pure iso4217:GBP 08854207 2023-02-01 2024-01-31
Company Registration Number : 08854207 (England and Wales)
08854207
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-01-31
false
Stefan Electrical Contractors Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-02-01
Stefan Electrical Contractors Ltd
Unaudited Financial Statements
For the year ended 31 January 2025
Stefan Electrical Contractors Ltd
Contents
For the year ended 31 January 2025

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 7


Stefan Electrical Contractors Ltd
Company Information
For the year ended 31 January 2025

Company registration number 08854207 (England and Wales)
Director Madalin Stefan Radaescu
Registered office address 9 Dover Close
Romford
England
RM5 3AX
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
Stefan Electrical Contractors Ltd
Statement of Financial Position
For the year ended 31 January 2025

2025 2024
Notes £ £
Fixed assets
Property, plant and equipment 540,977 361,359
6 540,977 361,359
Current assets
Debtors 1,142,179 645,752
Corporation tax receivable - 2,095
Cash and cash equivalents 102 100
1,142,281 647,948
Current liabilities
Creditors: Amounts falling due within one year (993,055) (651,265)
Corporation tax payable (100,721) -
(1,093,776) (651,265)
Net current assets/(liabilities) 48,505 (3,318)
Total assets less current liabilities 589,482 358,041
Non-current liabilities
Creditors: Amounts falling due after more than one year (390,468) (230,574)
Net assets/(liabilities) 199,014 127,467
Capital and reserves
Called up share capital 100 100
Retained earnings 198,914 127,367
Shareholders' funds 199,014 127,467
For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 June 2025
.............................
Madalin Stefan Radaescu (Director)
Company registration number: 08854207
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2025-01-31 31 January 2025
2025 2024
£ £
Fixed Assets 540,977 361,359
Current Assets 1,097,823 470,148
Prepayments and accrued income 44,457 177,800
Creditors: amounts falling due within one year (1,093,776) (651,265)
Net current assets/(liabilities) 48,505 (3,318)
Total assets less current liabilities 589,482 358,041
CREDITORS: Amounts falling due more than one year (390,468) (230,574)
Net Assets/(liabilities) 199,014 127,467
Capital and Reserves 199,014 127,467
For the year ending 31/01/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-01-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 20 June 2025 2025-06-20 and signed on behalf of the board,
.............................
Madalin Stefan Radaescu
Director
Company registration number: 08854207
Stefan Electrical Contractors Ltd
Notes to the Financial Statements
For the year ended 31 January 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 9 Dover Close, Romford, England, RM5 3AX.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Foreign currency
Transactions in foreign currencies other than its functional currency are recorded at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year-end date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement within financial income or expense, as appropriate. Non-monetary assets that are measured in terms of historical cost in foreign currency are translated using the exchange rate at the date of the transaction.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery20% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles25% reducing balance
Fixtures and Fittings
Equipment33% straight line
Motor Cars20% reducing balance
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 9 (2024 : 9).

(5) Directors advances, credit and guarantees
Overdrawn
At the year-end, the director owed £234,997 to the company. Interest and s455 tax are charged as per HMRC's official rate.

(6) Fixed assets
Tangible

£
Cost
As at 01 February 2024611,166
Additions306,213
Disposals(18,500)
As at 31 January 2025898,879
Depreciation/Amortisation
As at 01 February 2024249,807
For the year108,094
As at 31 January 2025357,901
Net book value
As at 31 January 2025540,978
As at 31 January 2024361,359