REGISTERED NUMBER: 04698934 (England and Wales)

HADFIELD ELECTRICAL & SECURITY SUPPLIES

LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J McDermott

P A Smith

SECRETARY:

Mrs S J McDermott

REGISTERED OFFICE:

632 Abbeydale Road

Sheffield

South Yorkshire

S7 2BA

REGISTERED NUMBER:

04698934 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

4

4,350

7,885

CURRENT ASSETS

Stocks

11,399

11,629

Debtors

5

3,325

4,339

Cash at bank and in hand

15,049

18,739

29,773

34,707

CREDITORS

Amounts falling due within one year

6

33,901

34,508

NET CURRENT (LIABILITIES)/ASSETS

(4,128

)

199

TOTAL ASSETS LESS CURRENT LIABILITIES

222

8,084

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

220

8,082

SHAREHOLDERS' FUNDS

222

8,084

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 20 June 2025 and were signed on its behalf by:

Mrs S J McDermott - Director

P A Smith - Director

1.	STATUTORY INFORMATION

Hadfield Electrical & Security Supplies 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.	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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

21,750

366

22,116

Disposals

(5,750

)

-

(5,750

)

At 31 March 2025

16,000

366

16,366

DEPRECIATION

At 1 April 2024

13,865

366

14,231

Charge for year

1,972

-

1,972

Eliminated on disposal

(4,187

)

-

(4,187

)

At 31 March 2025

11,650

366

12,016

NET BOOK VALUE

At 31 March 2025

4,350

-

4,350

At 31 March 2024

7,885

-

7,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,463

2,085

Other debtors

1,862

2,254

3,325

4,339

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Social security and other taxes

297

717

VAT

890

-

Directors' loan accounts

30,713

32,277

Accrued expenses

2,001

1,514

33,901

34,508