IRIS Accounts Production v25.2.0.378 04525080 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045250802024-01-31045250802025-01-31045250802024-02-012025-01-31045250802023-01-31045250802023-02-012024-01-31045250802024-01-3104525080ns15:EnglandWales2024-02-012025-01-3104525080ns14:PoundSterling2024-02-012025-01-3104525080ns10:Director12024-02-012025-01-3104525080ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3104525080ns10:SmallEntities2024-02-012025-01-3104525080ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3104525080ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3104525080ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3104525080ns10:FullAccounts2024-02-012025-01-3104525080ns10:OrdinaryShareClass12024-02-012025-01-3104525080ns10:Director22024-02-012025-01-3104525080ns10:CompanySecretary12024-02-012025-01-3104525080ns10:RegisteredOffice2024-02-012025-01-3104525080ns5:CurrentFinancialInstruments2025-01-3104525080ns5:CurrentFinancialInstruments2024-01-3104525080ns5:Non-currentFinancialInstruments2025-01-3104525080ns5:Non-currentFinancialInstruments2024-01-3104525080ns5:ShareCapital2025-01-3104525080ns5:ShareCapital2024-01-3104525080ns5:RetainedEarningsAccumulatedLosses2025-01-3104525080ns5:RetainedEarningsAccumulatedLosses2024-01-3104525080ns5:PlantMachinery2024-02-012025-01-3104525080ns5:FurnitureFittings2024-02-012025-01-3104525080ns5:MotorVehicles2024-02-012025-01-3104525080ns5:PlantMachinery2024-01-3104525080ns5:FurnitureFittings2024-01-3104525080ns5:MotorVehicles2024-01-3104525080ns5:PlantMachinery2025-01-3104525080ns5:FurnitureFittings2025-01-3104525080ns5:MotorVehicles2025-01-3104525080ns5:PlantMachinery2024-01-3104525080ns5:FurnitureFittings2024-01-3104525080ns5:MotorVehicles2024-01-3104525080ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3104525080ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3104525080ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-01-3104525080ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3104525080ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-01-3104525080ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3104525080ns10:OrdinaryShareClass12025-01-31
REGISTERED NUMBER: 04525080 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED

DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 04525080)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: David Andrew Pearce
Fiona Elizabeth Pearce





SECRETARY: Fiona Elizabeth Pearce





REGISTERED OFFICE: The Courtyard
Fields Farm Business Centre
Hinckley Road
Sapcote
Leicestershire
LE9 4LH





REGISTERED NUMBER: 04525080 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 04525080)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 281,358 340,824

CURRENT ASSETS
Stocks 7,476 4,306
Debtors 5 487,034 459,063
Cash at bank and in hand 541,565 353,786
1,036,075 817,155
CREDITORS
Amounts falling due within one year 6 249,053 142,946
NET CURRENT ASSETS 787,022 674,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,380

1,015,033

CREDITORS
Amounts falling due after more than one
year

7

(4,409

)

(14,806

)

PROVISIONS FOR LIABILITIES (66,969 ) (67,108 )
NET ASSETS 997,002 933,119

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 996,902 933,019
SHAREHOLDERS' FUNDS 997,002 933,119

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

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

DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 04525080)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





David Andrew Pearce - Director


DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 04525080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

David Pearce (Electrical Contractors) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of electrical installations is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of the works carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 15% on reducing balance
Fixtures, fittings and office equipment - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 balance sheet date.


DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 04525080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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 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.

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 14 (2024 - 15 ) .

DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 04525080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Tools and office Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 February 2024 51,333 97,993 514,779 664,105
Additions 2,035 8,018 33,074 43,127
Disposals (185 ) - (83,977 ) (84,162 )
At 31 January 2025 53,183 106,011 463,876 623,070
DEPRECIATION
At 1 February 2024 26,052 72,832 224,397 323,281
Charge for year 4,096 7,644 58,154 69,894
Eliminated on disposal (175 ) - (51,288 ) (51,463 )
At 31 January 2025 29,973 80,476 231,263 341,712
NET BOOK VALUE
At 31 January 2025 23,210 25,535 232,613 281,358
At 31 January 2024 25,281 25,161 290,382 340,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 188,965 162,054
Other debtors 298,069 297,009
487,034 459,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,397 10,140
Trade creditors 143,645 74,497
Corporation tax 38,484 17,869
Social security and other taxes 7,365 11,058
VAT 30,380 15,956
Other creditors 7,109 1,533
Directors' loan account 3,073 3,073
Accruals and deferred income 8,600 8,820
249,053 142,946

DAVID PEARCE
(ELECTRICAL CONTRACTORS) LIMITED (REGISTERED NUMBER: 04525080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 4,409 10,397
Bank loans - 2-5 years - 4,409
4,409 14,806

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is David Andrew Pearce.

David Andrew Pearce is a director and majority shareholder.