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REGISTERED NUMBER: 02766143 (England and Wales)



















O'CONNOR ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


O'CONNOR ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Mr T J O'Connor
Mr L T O'Connor
Mr J Donnelly
Mr S J Bell





SECRETARY: Mrs M E O'Connor





REGISTERED OFFICE: Badger Farm Business Park
Willowpit Lane
Hilton
Derby
DE65 5FN





REGISTERED NUMBER: 02766143 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 114,997 86,706
114,997 86,706

CURRENT ASSETS
Stocks 6 4,197 5,460
Debtors 7 158,091 137,510
Cash at bank and in hand 197,653 196,268
359,941 339,238
CREDITORS
Amounts falling due within one year 8 181,506 170,425
NET CURRENT ASSETS 178,435 168,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,432

255,519

CREDITORS
Amounts falling due after more than one year 9 (41,857 ) (56,133 )

PROVISIONS FOR LIABILITIES (30,011 ) (22,977 )
NET ASSETS 221,564 176,409

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 221,464 176,309
SHAREHOLDERS' FUNDS 221,564 176,409

O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

BALANCE SHEET - continued
28 FEBRUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 15 August 2025 and were signed on its behalf by:





Mr T J O'Connor - Director


O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

O'Connor 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.

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 from electrical contracting is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other taxes.
Turnover from Service contracts is recognised when the company obtains the rights to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2015 and 2018, is being amortised evenly over there estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 March 2024
and 28 February 2025 82,475 4,365 86,840
AMORTISATION
At 1 March 2024
and 28 February 2025 82,475 4,365 86,840
NET BOOK VALUE
At 28 February 2025 - - -
At 29 February 2024 - - -

O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2024 17,862 40,615 170,314 228,791
Additions 1,378 1,367 63,382 66,127
Disposals - - (150 ) (150 )
At 28 February 2025 19,240 41,982 233,546 294,768
DEPRECIATION
At 1 March 2024 12,352 33,386 96,347 142,085
Charge for year 1,319 3,485 33,005 37,809
Eliminated on disposal - - (123 ) (123 )
At 28 February 2025 13,671 36,871 129,229 179,771
NET BOOK VALUE
At 28 February 2025 5,569 5,111 104,317 114,997
At 29 February 2024 5,510 7,229 73,967 86,706


6. STOCKS
2025 2024
£    £   
Stocks 4,070 4,931
Other 127 529
4,197 5,460

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 139,126 120,277
Other debtors 652 92
Directors' current accounts - 11
Prepayments and accrued income 18,313 17,130
158,091 137,510

O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,510 5,374
Hire purchase contracts 19,046 15,799
Payments on account - 23,444
Trade creditors 100,202 59,156
Corporation tax 7,298 13,167
Social security and other taxes 12,652 10,745
VAT 320 5,627
Other creditors 3,755 123
Directors' current accounts 65 159
Accruals and deferred income 32,658 36,831
181,506 170,425

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 23,467 22,888
Bank loans >5 yr (instalments) 1,546 7,634
Hire purchase contracts 16,844 25,611
41,857 56,133

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr (instalments) 1,546 7,634

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 35,890 41,410

11. CALLED UP SHARE CAPITAL

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

12. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £2,210 (2024 - £Nil).

O'CONNOR ELECTRICAL LIMITED (REGISTERED NUMBER: 02766143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
Mr L T O'Connor
Balance outstanding at start of year 11 -
Amounts advanced - 11
Amounts repaid (11 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11

The amount is interest free, and have no formal repayment terms.

14. RELATED PARTY DISCLOSURES

2025 2024
£ £
Amount due to the directors at the balance sheet date 65 159

The amounts are interest free, and have no formal repayment terms.
2025 2024
£ £
Amount due to an owner holding a participating interest at the balance sheet date 1,274 123

The amounts are interest free, and have no formal repayment terms.

15. GOVERNMENT GRANTS

The company has received Government grants amounting to:

2025 2024
£ £
Training Grant 1,000 1,000
1,000 1,000