SV Electrics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10021275

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		74,169		54,561
Investment Properties	5		348,783		-
Investments	6		8,000		-

			430,952		54,561
CURRENT ASSETS
Stocks	7	4,022		4,636
Debtors	8	80,038		429,913
Cash at bank and in hand		13,854		1,093

		97,914		435,642
Creditors: Amounts Falling Due Within One Year	9	(146,343 )		(193,447 )

NET CURRENT ASSETS (LIABILITIES)			(48,429 )		242,195

TOTAL ASSETS LESS CURRENT LIABILITIES			382,523		296,756

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,469 )		(11,023 )

NET ASSETS			367,054		285,733

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			366,954		285,633

SHAREHOLDERS' FUNDS			367,054		285,733

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SV Electrics Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Charles Powell

Director

26th August 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

SV Electrics Limited Registered number 10021275 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Oxley Hill, Tolleshunt D'Arcy, Maldon, CM9 8ES.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.4. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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SV Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 16)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	93,097	12,387	5,543	111,027
Additions	57,000	-	-	57,000
Disposals	(35,795 )	-	-	(35,795 )

As at 31 January 2025	114,302	12,387	5,543	132,232

Depreciation
As at 1 February 2024	47,742	6,273	2,451	56,466
Provided during the period	16,701	1,223	618	18,542
Disposals	(16,945 )	-	-	(16,945 )

As at 31 January 2025	47,498	7,496	3,069	58,063

Net Book Value
As at 31 January 2025	66,804	4,891	2,474	74,169

As at 1 February 2024	45,355	6,114	3,092	54,561

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SV Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 February 2024	-
Additions	348,783

As at 31 January 2025	348,783

6. Investments

	Unlisted
	£
Cost
As at 1 February 2024	-
Additions	8,000

As at 31 January 2025	8,000

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	8,000

As at 1 February 2024	-

7. Stocks

	2025	2024
	£	£
Stock	4,022	4,636

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	167,508	325,579
Prepayments and accrued income	14,641	10,161
CIS Debtor	43,879	95,550
SVCP Limited Loan Account	(149,240 )	(2,461 )
Charlie Powell Limited Loan Account	460	439
Shane Verrall Limited Loan Account	(894 )	(905 )
Rental Deposit	3,684	1,550

	80,038	429,913

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SV Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	1,767
Trade creditors	20,039	30,772
Corporation tax	47,526	103,921
Other taxes and social security	16,111	9,012
VAT	46,447	45,608
8 Maldon Road Rent Deposit	2,134	-
Accruals and deferred income	1,636	1,530
Directors' loan accounts	12,450	837

	146,343	193,447

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	1,767
Later than one year and not later than five years	-	-

	-	1,767

	-	1,767

11. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	69,000	220,000

13. Ultimate Controlling Party

The company's ultimate controlling party is jointly held by Mr C Powell & Mr S Verrall by virtue of their ownership of 100% of the issued share capital in the company.