SSL Electrical Limited - Filleted accounts

Registered number

07898788

SSL Electrical Limited

Filleted Accounts

31 March 2025

SSL Electrical Limited
Registered number:		07898788
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		98,090			118,738

Current assets
Stocks		13,600			81,539
Debtors	4	163,590			301,550
Cash at bank and in hand		168			49,076
		177,358			432,165

Creditors: amounts falling due within one year	5	(175,403)			(338,284)

Net current assets			1,955			93,881

Total assets less current liabilities			100,045			212,619

Creditors: amounts falling due after more than one year	6		(74,896)			(97,724)

Provisions for liabilities			(23,691)			(27,920)


Net assets			1,458			86,975

Capital and reserves
Called up and fully paid share capital			100			100
Profit and loss account			1,358			86,875

Shareholder's funds			1,458			86,975

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 member has 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.




L Cantelow
Director
Approved by the board and authorised for issue on 20 August 2025

SSL Electrical Limited
Notes to the Accounts
for the year ended 31 March 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 rendering of services. 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:

	Leasehold land and buildings			over the lease term
	Plant and machinery			20% / 25% / 33% reducing balance
	Motor vehicles			20% reducing balance

	Stocks and work in progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Work in progress is valued at the lower of cost and net realisable value.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					12		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	6,800		32,457		159,762		199,019
	Additions	-		1,050		42,399		43,449
	Disposals	-		-		(58,721)		(58,721)
	At 31 March 2025	6,800		33,507		143,440		183,747

	Depreciation
	At 1 April 2024	816		18,575		60,890		80,281
	Charge for the year	2,660		3,118		20,738		26,516
	On disposals	-		-		(21,140)		(21,140)
	At 31 March 2025	3,476		21,693		60,488		85,657

	Net book value
	At 31 March 2025	3,324		11,814		82,952		98,090
	At 31 March 2024	5,984		13,882		98,872		118,738


4	Debtors					2025		2024
£							£

	Trade debtors					127,050		297,547
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					32,537		-
	Other debtors					4,003		4,003
						163,590		301,550


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					29,305		24,215
	Obligations under finance lease and hire purchase contracts					22,299		-
	Trade creditors					43,046		111,406
	Taxation and social security costs					57,701		100,785
	Other creditors					23,052		101,878
						175,403		338,284


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,500		17,500
	Obligations under finance lease and hire purchase contracts					72,396		80,224
						74,896		97,724


7	Secured creditors					2025		2024
£							£
	Creditors include:

	Obligations under finance lease and hire purchase contracts					94,695		80,224

	Amounts owed under finance leases and hire purchase contracts are secured by the assets to which they relate.


8	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					20,000		36,000


9	Other information

	SSL Electrical Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	Unit 11 Templars Way Industrial Estate
	Royal Wootton Bassett
	Wiltshire
	SN4 7SR