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Registration number: 13618636

K A Electrical Services Limited trading as K A Electrical Services Ltd

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Company Information

Director

Mr KR Aves

Registered office

2 Llys Puw
Velindre
Llandysul
SA44 5UL
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

(Registration number: 13618636)
Balance Sheet as at 31 March 2025

Note

31 March
2025
£

31 March
2024
£

Fixed assets

 

Tangible assets

4

148,841

140,111

Current assets

 

Stocks

5

132,936

26,500

Debtors

6

13,892

12,640

Cash at bank and in hand

 

15,445

22,942

 

162,273

62,082

Creditors: Amounts falling due within one year

7

(207,374)

(108,663)

Net current liabilities

 

(45,101)

(46,581)

Total assets less current liabilities

 

103,740

93,530

Creditors: Amounts falling due after more than one year

7

(91,611)

(87,451)

Net assets

 

12,129

6,079

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

12,128

6,078

Shareholders' funds

 

12,129

6,079

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

(Registration number: 13618636)
Balance Sheet as at 31 March 2025

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 May 2025
 

.........................................
Mr KR Aves
Director

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Llys Puw
Velindre
Llandysul
SA44 5UL
Wales

These financial statements were authorised for issue by the director on 28 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% Reducing Balance

Motor Vehicles

25% Reducing Balance

Office Equipment

33% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2024 - 5).

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

12,880

118,754

51,247

182,881

Additions

8,207

68,707

4,946

81,860

Disposals

-

(39,889)

-

(39,889)

At 31 March 2025

21,087

147,572

56,193

224,852

Depreciation

At 1 April 2024

5,575

25,104

12,089

42,768

Charge for the year

5,367

29,511

6,398

41,276

Eliminated on disposal

-

(8,033)

-

(8,033)

At 31 March 2025

10,942

46,582

18,487

76,011

Carrying amount

At 31 March 2025

10,145

100,990

37,706

148,841

At 31 March 2024

7,303

93,650

39,158

140,111

5

Stocks

31 March
2025
£

31 March
2024
£

Work in progress

58,150

17,000

Other inventories

74,786

9,500

132,936

26,500

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

6

Debtors

Current

31 March
2025
£

31 March
2024
£

Trade debtors

1,663

1,529

Prepayments

2,581

2,088

Other debtors

9,648

9,023

 

13,892

12,640

 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

31 March
2025
£

31 March
2024
£

Due within one year

 

Bank loans and overdrafts

9

53,430

62,344

Trade creditors

 

102,771

35,959

Accruals and deferred income

 

17,378

10,096

Other creditors

 

33,795

264

 

207,374

108,663

Creditors: amounts falling due after more than one year

Note

31 March
2025
£

31 March
2024
£

Due after one year

 

Loans and borrowings

9

91,611

87,451

8

Share capital

Allotted, called up and fully paid shares

31 March
2025

31 March
2024

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       
 

K A Electrical Services Limited

trading as K A Electrical Services Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

9

Loans and borrowings

Non-current loans and borrowings

31 March
2025
£

31 March
2024
£

Hire purchase contracts

91,611

87,451

Current loans and borrowings

31 March
2025
£

31 March
2024
£

Bank overdrafts

30,158

42,370

Hire purchase contracts

23,272

19,974

53,430

62,344

10

Dividends

Interim dividends paid

31 March
2025
£

31 March
2024
£

Interim dividend of £40,000.00 (2024 - £30,000.00) per each Ordinary shares

40,000

30,000

 

 

11

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

9,100

9,100