Registration number: 12195814

SRE Cabling & Jointing UK Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

SRE Cabling & Jointing UK Ltd

Company Information

Director

Mr C Metcalfe

Registered office

3 The Office Village Roman Way Bath Business Park Peasedown St John Bath BA2 8SG

Accountants

Delphi Accounting Ltd Chartered Tax Advisor3 The Office Village Roman Way Bath Business Park Peasedown St John Bath BA2 8SG

SRE Cabling & Jointing UK Ltd

(Registration number: 12195814)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	524,688	182,972
Current assets
Debtors	5	1,873,431	1,211,575
Investments	6	1,708,918	1,598,918
Cash at bank and in hand		466,303	103,797
		4,048,652	2,914,290
Creditors: Amounts falling due within one year	7	(898,893)	(639,672)
Net current assets		3,149,759	2,274,618
Total assets less current liabilities		3,674,447	2,457,590
Creditors: Amounts falling due after more than one year	7	(1,850,581)	(2,015,078)
Provisions for liabilities		(34,483)	(15,757)
Net assets		1,789,383	426,755
Capital and reserves
Called up share capital		1	1
Retained earnings		1,789,382	426,754
Shareholders' funds		1,789,383	426,755

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

......................................... Mr C Metcalfe Director

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 The Office Village
Roman Way
Bath Business Park
Peasedown St John
Bath
BA2 8SG

These financial statements were authorised for issue by the director on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	Not depreciated
Improvements to property	20% on reducing balance
Plant and machinery	20% on reducing balance
Motor vehicles	20% on reducing balance
Computer equipment	25% on cost

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2023 - 35).

4	Tangible assets

	Land and buildings £	Improvements to property £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 October 2023	105,232	29,167	66,000	-
Additions	-	62,473	108,465	8,764
At 31 December 2024	105,232	91,640	174,465	8,764
Depreciation
At 1 October 2023	-	5,833	20,688	-
Charge for the period	-	21,452	27,215	1,461
At 31 December 2024	-	27,285	47,903	1,461
Carrying amount
At 31 December 2024	105,232	64,355	126,562	7,303
At 30 September 2023	105,232	23,334	45,312	-

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2023	22,203	222,602
Additions	285,888	465,590
At 31 December 2024	308,091	688,192
Depreciation
At 1 October 2023	13,109	39,630
Charge for the period	73,746	123,874
At 31 December 2024	86,855	163,504
Carrying amount
At 31 December 2024	221,236	524,688
At 30 September 2023	9,094	182,972

Included within the net book value of land and buildings above is £105,232 (2023 - £105,232) in respect of freehold land and buildings and £64,355 (2023 - £23,334) in respect of short leasehold land and buildings.
 

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		507,341	498,351
Amounts owed by related parties	10	392,040	269,157
Prepayments		267,326	345,465
Other debtors		706,724	98,602
		1,873,431	1,211,575

6	Current asset investments

	2024 £	2023 £
Shares in group undertakings	1,708,918	1,598,918

The company's investment at the Balance sheet date is the investment in the following company:

Lotus Electrical & Mechanical Limited
Registered office: Bath House, 6-8 Bath Street, Bristol, United Kingdom, BS1 6HL
Nature of business: Electrical installation

	%
Class of shares:	Holding
Ordinary	100

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	184,283	145,800
Trade creditors		346,165	256,081
Taxation and social security		289,526	102,215
Accruals and deferred income		7,500	3,575
Other creditors		71,419	132,001
		898,893	639,672

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	48,682	103,283
Other financial liabilities		1,801,899	1,911,795
		1,850,581	2,015,078

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	48,682	103,283

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	44,312	145,800
Hire purchase contracts	139,971	-
	184,283	145,800

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2024 £	2023 £
Not later than one year	10,412	20,668
Later than one year and not later than five years	2,051	18,734
	12,463	39,402

The amount of non-cancellable operating lease payments recognised as an expense during the period was £20,668 (2023 - £20,668).

10	Related party transactions

SRE Cabling & Jointing UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Summary of transactions with associates

SRE Cabling & Jointing GmbH a company with directors in common
At the period end the company was owed £392,040 (2023 - £269,157) by SRE Cabling & Jointing GmbH. The amount is interest free and repayable on demand.