Registered number
13891455
Unphased Electrical Services Limited
Unaudited Filleted Accounts
28 February 2025
Unphased Electrical Services Limited
Registered number: 13891455
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 11,968 16,834
Current assets
Debtors 4 9,529 11,310
Cash at bank and in hand 1,685 6,271
11,214 17,581
Creditors: amounts falling due within one year 5 (9,705) (19,575)
Net current assets/(liabilities) 1,509 (1,994)
Total assets less current liabilities 13,477 14,840
Creditors: amounts falling due after more than one year 6 (4,564) (6,905)
Provisions for liabilities (2,274) (3,199)
Net assets 6,639 4,736
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,539 4,636
Shareholders' funds 6,639 4,736
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Peter Wood
Director
Approved by the board on 15 July 2025
Unphased Electrical Services Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% straight line
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 3,820 26,900 30,720
Additions 200 - 200
At 28 February 2025 4,020 26,900 30,920
Depreciation
At 1 March 2024 2,117 11,769 13,886
Charge for the year 1,283 3,783 5,066
At 28 February 2025 3,400 15,552 18,952
Net book value
At 28 February 2025 620 11,348 11,968
At 29 February 2024 1,703 15,131 16,834
4 Debtors 2025 2024
£ £
Trade debtors 2,565 1,475
Other debtors 6,964 9,835
9,529 11,310
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 2,385 2,385
Trade creditors 716 476
Directors Account 877 10,615
Taxation and social security costs 5,727 6,099
9,705 19,575
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 4,564 6,905
7 Other information
Unphased Electrical Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A, Farriers Courtyard
Spelmonden Farm, Spelmonden Road,
Goudhurst
Kent
TN17 1HE
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