Reader Electrical Engineering Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04644809 (England and Wales)

Reader Electrical Engineering Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

Notes to the financial statements

5

Director:

Mr J Reader

Registered office:

Sunrise

Back Road

Murrow

Wisbech

Cambridgeshire

PE13 4JW

Registered number:

04644809 (England and Wales)

Accountants:

Moore Thompson

Monica House

St Augustines Road

Wisbech

Cambridgeshire

PE13 3AD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reader Electrical Engineering Ltd for the year ended 31 January 2025 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Reader Electrical Engineering Ltd in accordance with the terms of our engagement letter dated 23 July 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Reader Electrical Engineering Ltd and state those matters that we have agreed to state to the director of Reader Electrical Engineering Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reader Electrical Engineering Ltd and its director for our work or for this report.

It is your duty to ensure that Reader Electrical Engineering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reader Electrical Engineering Ltd. You consider that Reader Electrical Engineering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reader Electrical Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Monica House

St Augustines Road

Wisbech

Cambridgeshire

PE13 3AD

3 September 2025

Fixed assets

Tangible assets

5

21,656

27,084

Current assets

Stocks

3,000

4,000

Debtors

6

26,082

15,530

Cash at bank and in hand

4,609

18,864

33,691

38,394

Creditors

Amounts falling due within one year

7

27,418

29,956

Net current assets

6,273

8,438

Total assets less current liabilities

27,929

35,522

Creditors

Amounts falling due after more than one
year

8

(3,033

)

(8,233

)

Provisions for liabilities

(4,114

)

(6,771

)

Net assets

20,782

20,518

Capital and reserves

Called up share capital

100

Retained earnings

20,682

20,418

20,782

20,518

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 director acknowledges his 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 director and authorised for issue on 16 August 2025 and were signed by:

Mr J Reader - Director

1.	Statutory information

Reader Electrical Engineering Ltd 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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, 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks 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 stocks 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.

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.

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.

4.	Employees and directors

The average number of employees during the year was 5 (2024 - 4 ) .

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

Cost

At 1 February 2024

47,416

344

9,000

1,591

58,351

Additions

707

-

707

Disposals

(1,965

)

-

(1,965

)

At 31 January 2025

46,158

344

9,000

1,591

57,093

Depreciation

At 1 February 2024

27,005

336

2,393

1,533

31,267

Charge for year

4,068

1

1,652

11

5,732

Eliminated on disposal

(1,562

)

-

(1,562

)

At 31 January 2025

29,511

337

4,045

1,544

35,437

Net book value

At 31 January 2025

16,647

7

4,955

47

21,656

At 31 January 2024

20,411

8

6,607

58

27,084

6.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

25,145

14,640

Prepayments

937

890

26,082

15,530

7.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

5,200

Trade creditors

9,984

11,467

Tax

1,427

593

Social security and other taxes

1,156

1,122

VAT

4,514

5,534

Other creditors

-

2,000

Directors' loan accounts

1,874

1,165

Accrued expenses

3,263

2,875

27,418

29,956

8.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans - 1-2 years

3,033

5,200

Bank loans - 2-5 years

-

3,033

8,233