Registration number: 01114330

Nomico Electrical Company Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Nomico Electrical Company Limited

Company Information

Directors

R P R Dunkley R J Jones

Registered office

Units 4 & 5 Saxon House Warley Street Upminster Essex RM14 3PJ

Bankers

National Westminster Bank Plc 120-122 High Street Hornchurch Essex RM12 4UL

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Nomico Electrical Company Limited

(Registration number: 01114330)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	31,529	44,618
Current assets
Debtors	5	2,320,079	2,133,365
Cash at bank and in hand		1,192,990	1,177,282
		3,513,069	3,310,647
Creditors: Amounts falling due within one year	6	(1,114,602)	(1,031,827)
Net current assets		2,398,467	2,278,820
Total assets less current liabilities		2,429,996	2,323,438
Provisions for liabilities		(7,883)	(11,155)
Net assets		2,422,113	2,312,283
Capital and reserves
Called up share capital	7	1,500	1,500
Capital redemption reserve		85	85
Retained earnings		2,420,528	2,310,698
Shareholders' funds		2,422,113	2,312,283

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

R P R Dunkley
Director

R J Jones
Director

Nomico Electrical Company Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1	General information

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

The address of its registered office is: Units 4 & 5, Saxon House, Warley Street, Upminster, Essex, RM14 3PJ.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of electrical contractor services to customers on an accruals basis.

Work completed but not invoiced at the year end is included within amounts recoverable on long term contracts under debtors. To the extent that progress payments are ahead of the work completed then this amount is included under creditors as payments on account.

Tax

Current Tax is recognised in the profit and loss account, 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 on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Nomico Electrical Company Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	20% Reducing balance method
Office equipment	33% Reducing balance method
Motor vehicles	25% Reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

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. 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.

Borrowings

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.

Share capital

Ordinary shares are classified as equity.

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.

Nomico Electrical Company Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

3	Tangible assets

	Office equipment  £	Motor vehicles  £	Plant and Machinery £	Total £
Cost or valuation
At 1 July 2024	70,040	48,953	23,481	142,474
Additions	1,731	-	-	1,731
Disposals	-	(18,084)	-	(18,084)
At 30 June 2025	71,771	30,869	23,481	126,121
Depreciation
At 1 July 2024	45,308	34,240	18,308	97,856
Charge for the year	7,105	2,756	1,035	10,896
Eliminated on disposal	-	(14,160)	-	(14,160)
At 30 June 2025	52,413	22,836	19,343	94,592
Carrying amount
At 30 June 2025	19,358	8,033	4,138	31,529
At 30 June 2024	24,732	14,713	5,173	44,618

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 23).

5

Debtors

	Note	2025 £	2024 £
Trade debtors		1,386,042	1,401,061
Amounts recoverable on long term contracts		224,675	41,039
Amounts owed by group undertakings	9	383,083	351,460
Prepayments		49,852	78,938
Other debtors		276,427	260,867
		2,320,079	2,133,365

Nomico Electrical Company Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	896,516	682,861
Social security and other taxes	29,036	21,428
Directors loan	-	624
Other creditors	6,989	4,484
Corporation tax	161,262	245,931
Accruals and deferred income	20,799	76,499
	1,114,602	1,031,827

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	800	800	800	800
Ordinary B shares of £1 each	700	700	700	700
	1,500	1,500	1,500	1,500

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £174,425 (2024 - £192,951).

Nomico Electrical Company Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

9	Related party transactions

Transactions with directors

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
Directors loan account	42	5,625	(624)	5,043

2024	At 1 July 2023 £	Advances to director £	Repayments by director £	At 30 June 2024 £
Directors loan account	-	585	(543)	42

10	Parent and ultimate parent undertaking

The company's immediate parent is Nomico Group Limited, incorporated in England and Wales.