REGISTERED NUMBER: 10757749 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Simon James Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Tiplady

Mrs R K Symons

SECRETARY:

Mrs R K Symons

REGISTERED OFFICE:

20 Hele Close

Basingstoke

Hampshire

RG21 3JF

REGISTERED NUMBER:

10757749 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Intangible assets

5

14,005

20,005

Tangible assets

6

11,095

984

25,100

20,989

CURRENT ASSETS

Debtors

7

56,863

35,284

Cash at bank

34,727

21,393

91,590

56,677

CREDITORS

Amounts falling due within one year

8

105,455

78,733

NET CURRENT LIABILITIES

(13,865

)

(22,056

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,235

(1,067

)

PROVISIONS FOR LIABILITIES

2,442

187

NET ASSETS/(LIABILITIES)

8,793

(1,254

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,693

(1,354

)

SHAREHOLDERS' FUNDS

8,793

(1,254

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 August 2025 and were signed on its behalf by:

S J Tiplady - Director

1.	STATUTORY INFORMATION

Simon James Electrical 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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.

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% reducing balance basis

Motor vehicles

-

20% reducing balance basis

Computer equipment

-

25% on cost

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

39,995

Amortisation for year

6,000

At 31 March 2025

45,995

NET BOOK VALUE

At 31 March 2025

14,005

At 31 March 2024

20,005

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

897

-

3,509

4,406

Additions

-

13,000

111

13,111

At 31 March 2025

897

13,000

3,620

17,517

DEPRECIATION

At 1 April 2024

495

-

2,927

3,422

Charge for year

81

2,600

319

3,000

At 31 March 2025

576

2,600

3,246

6,422

NET BOOK VALUE

At 31 March 2025

321

10,400

374

11,095

At 31 March 2024

402

-

582

984

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

56,030

35,284

Other debtors

833

-

56,863

35,284

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

4,000

-

Trade creditors

1,288

321

Tax

21,318

13,575

Social security and other taxes

21,981

24,963

VAT

24,367

1,287

Pension payable

399

673

Directors' current accounts

28,822

35,564

Accrued expenses

3,280

2,350

105,455

78,733