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REGISTERED NUMBER: 00907568 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

Harworth Electrical Limited

Harworth Electrical Limited (Registered number: 00907568)






Contents of the Financial Statements
for the year ended 31 May 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Harworth Electrical Limited

Company Information
for the year ended 31 May 2025







DIRECTORS: Mrs S Hilton
D A Parker
A J McLoughlin





SECRETARY: Mrs S Hilton





REGISTERED OFFICE: Grosvenor Road
Bircotes
Doncaster
South Yorkshire
DN11 8EY





REGISTERED NUMBER: 00907568 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
Chartered Certified Accountants
& Statutory Auditor
2 President Buildings
Sheffield
South Yorkshire
S4 7UQ

Harworth Electrical Limited (Registered number: 00907568)

Statement of Financial Position
31 May 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 152,515 103,638
Investment property 5 180,000 180,000
332,515 283,638

CURRENT ASSETS
Inventories 23,630 5,250
Debtors 6 117,862 241,197
Cash at bank and in hand 590,334 478,267
731,826 724,714
CREDITORS
Amounts falling due within one year 7 268,120 242,061
NET CURRENT ASSETS 463,706 482,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,221

766,291

CREDITORS
Amounts falling due after more than
one year

8

(45,668

)

(48,557

)

PROVISIONS FOR LIABILITIES 9 (28,624 ) (26,517 )
NET ASSETS 721,929 691,217

Harworth Electrical Limited (Registered number: 00907568)

Statement of Financial Position - continued
31 May 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 560 38,070
Share premium 41,139 -
Capital redemption reserve 2,430 2,430
Fair value reserve 10 15,309 15,309
Retained earnings 662,491 635,408
SHAREHOLDERS' FUNDS 721,929 691,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





Mrs S Hilton - Director


Harworth Electrical Limited (Registered number: 00907568)

Notes to the Financial Statements
for the year ended 31 May 2025

1. STATUTORY INFORMATION

Harworth Electrical 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.

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.

Turnover
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories 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 inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Harworth Electrical Limited (Registered number: 00907568)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

Harworth Electrical Limited (Registered number: 00907568)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2024 56,843 22,514 116,918 6,592 202,867
Additions - - 93,912 - 93,912
At 31 May 2025 56,843 22,514 210,830 6,592 296,779
DEPRECIATION
At 1 June 2024 9,785 21,843 62,335 5,266 99,229
Charge for year 2,046 381 42,166 442 45,035
At 31 May 2025 11,831 22,224 104,501 5,708 144,264
NET BOOK VALUE
At 31 May 2025 45,012 290 106,329 884 152,515
At 31 May 2024 47,058 671 54,583 1,326 103,638

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2024 116,918
Additions 93,912
At 31 May 2025 210,830
DEPRECIATION
At 1 June 2024 62,335
Charge for year 42,166
At 31 May 2025 104,501
NET BOOK VALUE
At 31 May 2025 106,329
At 31 May 2024 54,583

Harworth Electrical Limited (Registered number: 00907568)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2024
and 31 May 2025 180,000
NET BOOK VALUE
At 31 May 2025 180,000
At 31 May 2024 180,000

Fair value at 31 May 2025 is represented by:
£   
Valuation in 2021 180,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 159,588 159,588

The investment property was valued on an open market basis on 20 January 2021 by NatWest .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 113,508 216,451
Other debtors 4,354 24,746
117,862 241,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 43,806 23,237
Trade creditors 47,532 74,606
Taxation and social security 60,554 106,593
Other creditors 116,228 37,625
268,120 242,061

Harworth Electrical Limited (Registered number: 00907568)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Hire purchase contracts 45,668 48,557

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 28,624 26,517

Deferred
tax
£   
Balance at 1 June 2024 26,517
Provided during year 2,107
Balance at 31 May 2025 28,624

10. RESERVES
Fair
value
reserve
£   
At 1 June 2024
and 31 May 2025 15,309