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REGISTERED NUMBER: 02471484 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Tidey Electrical Limited

Tidey Electrical Limited (Registered number: 02471484)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tidey Electrical Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: T C Tidey
Mrs D C Tidey
C Tidey





SECRETARY: T C Tidey





REGISTERED OFFICE: Unit 7
Wedgewood Court
Stevenage
Hertfordshire
SG1 4QR





REGISTERED NUMBER: 02471484 (United Kingdom)





ACCOUNTANTS: Bracey's Accountants (Stevenage) Limited
18-20 High Street
Stevenage
Hertfordshire
SG1 3EJ

Tidey Electrical Limited (Registered number: 02471484)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 451,775 561,800

CURRENT ASSETS
Stocks 171,834 112,419
Debtors 5 141,566 119,155
Cash at bank and in hand 625,481 763,579
938,881 995,153
CREDITORS
Amounts falling due within one year 6 154,126 155,921
NET CURRENT ASSETS 784,755 839,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,236,530

1,401,032

CREDITORS
Amounts falling due after more than one year 7 (68,161 ) (72,927 )

PROVISIONS FOR LIABILITIES (18,497 ) (10,289 )
NET ASSETS 1,149,872 1,317,816

CAPITAL AND RESERVES
Called up share capital 9 6 6
Revaluation reserve 10 (50,246 ) 30,000
Retained earnings 1,200,112 1,287,810
SHAREHOLDERS' FUNDS 1,149,872 1,317,816

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 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.

Tidey Electrical Limited (Registered number: 02471484)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





T C Tidey - Director


Tidey Electrical Limited (Registered number: 02471484)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Tidey Electrical Limited is a private company, limited by shares , registered in United Kingdom. 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 as modified by the revaluation of certain assets.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.

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

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

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 Statement of Income and Retained Earnings, 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.

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.

Tidey Electrical Limited (Registered number: 02471484)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

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.

Freehold property
Freehold property is carried at fair value, derived from the current market prices for comparable real estate determined annually by either an external valuer or the director. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset are used. Changes in fair value are recognised in profit or loss.

Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of
business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on a quarterly basis and any adjustment is made accordingly in the profit and loss account.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been 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.

Trade creditors are recognised at the transaction price.

Depreciation
Asset class - Depreciation method and rate
Plant and machinery - 25% Reducing balance
Fixtures, fittings and equipment - 25% Reducing balance
Computer Equipment - 25% Reducing balance
Motor Vehicles - 25% Reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

Tidey Electrical Limited (Registered number: 02471484)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 429,497 240,504 670,001
Additions - 10,120 10,120
Revaluations (84,994 ) - (84,994 )
At 31 March 2025 344,503 250,624 595,127
DEPRECIATION
At 1 April 2024 - 108,201 108,201
Charge for year - 35,151 35,151
At 31 March 2025 - 143,352 143,352
NET BOOK VALUE
At 31 March 2025 344,503 107,272 451,775
At 31 March 2024 429,497 132,303 561,800

Included in cost or valuation of land and buildings is freehold land of £ 387,000 (2024 - £ 42,500 ) which is not depreciated.

There has been no valuation of freehold property by an independent valuer. The Directors' have
considered the market value of the property and consider the current value is representative of the market value of the freehold property at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 119,286 110,732
Other debtors 22,280 8,423
141,566 119,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 8) 20,364 21,811
Trade creditors 55,081 19,166
Taxation and social security 5,335 47,006
Other creditors 73,346 67,938
154,126 155,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans (see note 8) 68,161 72,927

Tidey Electrical Limited (Registered number: 02471484)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,364 21,811

Amounts falling due between two and five years:
Bank loans - 2-5 years 68,161 72,927

The total borrowings of £88,525 (2024 - £86,236) are secured via a fixed and floating charge over the
freehold property owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 A ORDINARY o1 1 1
1 B ORDINARY o1 1 1
1 C ORDINARY o1 1 1
1 D ODRINARY o1 1 1
2 ORDINARY o1 2 2
6 6

10. RESERVES
Revaluation
reserve
£   
At 1 April 2024 30,000
Revaluation (80,246 )

At 31 March 2025 (50,246 )

11. RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed £456,569 (2024: £50,200) to Mr T Tidey and Mrs D Tidey,
directors.

At the balance sheet date the company owed £5,358 (2024: £2,084) to Mr C Tidey, director.

At the balance sheet date the company owed £7,046 (2024: £10,000) to Mrs E Tidey, shareholder.

The loans are provided interest free and are repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is T C Tidey.

The ultimate controlling party is T C Tidey.