REGISTERED NUMBER: 03257553 (England and Wales)

Andrew Davy Electrical (South West) Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Davy

M A J Davy

N M J Davy

SECRETARY:

A J Davy

REGISTERED OFFICE:

Meadowbrook

Rilla Mill

Callington

Cornwall

PL17 7NT

REGISTERED NUMBER:

03257553 (England and Wales)

ACCOUNTANTS:

ATC Advisors

Chartered Accountants

Unit 2 Dunheved Court

Pennygillam Way

LAUNCESTON

Cornwall

PL15 7ED

FIXED ASSETS

Tangible assets

4

282,794

279,705

CURRENT ASSETS

Stocks

15,312

27,917

Debtors

5

60,332

81,576

Cash at bank and in hand

430,148

342,863

505,792

452,356

CREDITORS

Amounts falling due within one year

6

417,339

405,146

NET CURRENT ASSETS

88,453

47,210

TOTAL ASSETS LESS CURRENT LIABILITIES

371,247

326,915

CREDITORS

Amounts falling due after more than one year

7

-

(6,803

)

PROVISIONS FOR LIABILITIES

(10,274

)

(8,376

)

NET ASSETS

360,973

311,736

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

360,869

311,632

360,973

311,736

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

A J Davy - Director

1.	STATUTORY INFORMATION

Andrew Davy Electrical (South West) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Land and buildings - 2% on cost

Plant and Machinery - 25% on reducing balance

Motor Vehicles - 25% on reducing balance

Fixtures and Fittings - 25% on reducing balance

Government grants

Government Grants in relation to revenue are released to the profit and loss account when received. Capital grants are included as deferred Income.

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.

Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 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.

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.

Deferred

income

Deferred income relates to the capital grant received in connection with a new office, this grant is released annually at 2% to match against the annual depreciation charge. The balance of the deferred income is shown under other creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

314,947

142,654

457,601

Additions

-

18,034

18,034

Disposals

-

(12,538

)

(12,538

)

At 31 March 2025

314,947

148,150

463,097

DEPRECIATION

At 1 April 2024

68,752

109,144

177,896

Charge for year

4,499

10,198

14,697

Eliminated on disposal

-

(12,290

)

(12,290

)

At 31 March 2025

73,251

107,052

180,303

NET BOOK VALUE

At 31 March 2025

241,696

41,098

282,794

At 31 March 2024

246,195

33,510

279,705

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

55,809

77,804

Other debtors

4,523

3,772

60,332

81,576

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,831

5,345

Trade creditors

47,305

59,504

Taxation and social security

55,014

69,327

Other creditors

309,189

270,970

417,339

405,146

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

6,803