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Registered number: 11912800
Surge Electrical Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Petra Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11912800
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,267 19,411
15,267 19,411
CURRENT ASSETS
Stocks 5 117,194 55,834
Debtors 6 555,212 723,327
Cash at bank and in hand 25,582 12,678
697,988 791,839
Creditors: Amounts Falling Due Within One Year 7 (594,674 ) (660,770 )
NET CURRENT ASSETS (LIABILITIES) 103,314 131,069
TOTAL ASSETS LESS CURRENT LIABILITIES 118,581 150,480
Creditors: Amounts Falling Due After More Than One Year 8 (90,000 ) (114,000 )
NET ASSETS 28,581 36,480
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 28,481 36,380
SHAREHOLDERS' FUNDS 28,581 36,480
Page 1
Page 2
For the year ending 31 March 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ben Beeson
Director
21/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Surge Electrical Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11912800 . The registered office is 36 Eagles Road, Greenhithe, Dartford, Kent, DA9 9QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33%
Motor Vehicles 33%
Fixtures & Fittings 33%
Computer Equipment 33%
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 334 138 30,754 2,469 33,695
Additions - - 6,976 1,477 8,453
As at 31 March 2025 334 138 37,730 3,946 42,148
Depreciation
As at 1 April 2024 220 138 14,167 (241 ) 14,284
Provided during the period 114 - 11,414 1,069 12,597
As at 31 March 2025 334 138 25,581 828 26,881
Net Book Value
As at 31 March 2025 - - 12,149 3,118 15,267
As at 1 April 2024 114 - 16,587 2,710 19,411
5. Stocks
2025 2024
£ £
Stock 61,360 -
Materials 55,834 55,834
117,194 55,834
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 521,062 723,327
Other debtors 34,150 -
555,212 723,327
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Bank loans and overdrafts - 22,439
Other loans 131,538 4,419
Other creditors 439,698 616,698
Taxation and social security 23,437 17,214
594,674 660,770
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 90,000 114,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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