REGISTERED NUMBER: 05642960 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2024

for

ATD Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr F J Kiernan

Mr L F Kiernan

SECRETARY:

Mr F J Kiernan

REGISTERED OFFICE:

276 Preston Road

Harrow

Middlesex

HA3 0QA

REGISTERED NUMBER:

05642960 (England and Wales)

ACCOUNTANTS:

RNS Business Solutions Limited

Chartered Accountants

276 Preston Road

Harrow

Middlesex

HA3 0QA

FIXED ASSETS

Tangible assets

4

1,364,274

713,633

CURRENT ASSETS

Stocks

5

90,359

216,911

Debtors

6

918,255

848,983

Cash at bank and in hand

3,936,624

2,471,818

4,945,238

3,537,712

CREDITORS

Amounts falling due within one year

7

(1,916,522

)

(1,408,309

)

NET CURRENT ASSETS

3,028,716

2,129,403

TOTAL ASSETS LESS CURRENT LIABILITIES

4,392,990

2,843,036

CREDITORS

Amounts falling due after more than one year

8

-

(35,252

)

PROVISIONS FOR LIABILITIES

(341,040

)

(178,373

)

NET ASSETS

4,051,950

2,629,411

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss account

4,051,850

2,629,311

SHAREHOLDERS' FUNDS

4,051,950

2,629,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr F J Kiernan - Director

Mr L F Kiernan - Director

1.	STATUTORY INFORMATION

ATD Electrical Limited 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 (£).

The principal place of business is Unit 93, Greenway Business Centre, Harlow, Essex, CM19 5QE.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

54,383

1,722,951

190,556

14,722

1,982,612

Additions

16,078

973,337

-

2,296

991,711

At 31 December 2024

70,461

2,696,288

190,556

17,018

2,974,323

DEPRECIATION

At 1 January 2024

34,719

1,120,057

105,605

8,598

1,268,979

Charge for year

7,149

315,248

16,989

1,684

341,070

At 31 December 2024

41,868

1,435,305

122,594

10,282

1,610,049

NET BOOK VALUE

At 31 December 2024

28,593

1,260,983

67,962

6,736

1,364,274

At 31 December 2023

19,664

602,894

84,951

6,124

713,633

5.

STOCKS

31/12/24

31/12/23

£

£

Stocks

40,810

36,480

Work-in-progress

49,549

180,431

90,359

216,911

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

607,387

488,315

Other debtors

310,868

360,668

918,255

848,983

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Hire purchase contracts (see note 9)

35,252

17,428

Trade creditors

520,571

900,790

Taxation and social security

701,694

426,230

Other creditors

659,005

63,861

1,916,522

1,408,309

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Hire purchase contracts (see note 9)

-

35,252

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/24

31/12/23

£

£

Gross obligations repayable:

Within one year

35,252

17,933

Between one and five years

-

35,252

35,252

53,185

Finance charges repayable:

Within one year

-

505

Net obligations repayable:

Within one year

35,252

17,428

Between one and five years

-

35,252

35,252

52,680

Non-cancellable

operating leases

31/12/24

31/12/23

£

£

Within one year

3,991

1,280

Between one and five years

665

-

4,656

1,280

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

£

Balance outstanding at start of year

215,050

118,608

Amounts advanced

-

96,442

Amounts repaid

(52,625

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

162,425

215,050

The interest payable on advances paid to a director is calculated at 2.25% per annum. The advances are repayable on demand.

11.	RELATED PARTY DISCLOSURES

Included in creditors is an amount due to a director and shareholder of £80,929 (2023: £25,377). The outstanding loan due is interest free and payable on demand.

Included in debtors is an amount due from a director and shareholder of £162,425 (2023: £215,050) as detailed in note 10.