| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Tidey Electrical Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve | 10 | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| Additions |
| Revaluations | ( |
) | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 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 |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans (see note 8) |
| 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 |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 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: | £ | £ |
| A ORDINARY | o1 | 1 | 1 |
| B ORDINARY | o1 | 1 | 1 |
| C ORDINARY | o1 | 1 | 1 |
| D ODRINARY | o1 | 1 | 1 |
| ORDINARY | o1 | 2 | 2 |
| 6 | 6 |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| Revaluation | (80,246 | ) |
| At 31 March 2025 | ( |
) |
| 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 |