Hurley Electrical Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06389639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HURLEY ELECTRICAL CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T B Hurley

M J Hurley

SECRETARY:

Mrs W M Hurley

REGISTERED OFFICE:

Ground Floor, Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

REGISTERED NUMBER:

06389639 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

228,430

229,591

Investment property

5

589,068

817,498

818,659

CURRENT ASSETS

Debtors

6

406,193

834,588

Cash at bank and in hand

1,321,557

811,419

1,727,750

1,646,007

CREDITORS

Amounts falling due within one year

7

739,040

809,426

NET CURRENT ASSETS

988,710

836,581

TOTAL ASSETS LESS CURRENT LIABILITIES

1,806,208

1,655,240

PROVISIONS FOR LIABILITIES

53,568

52,952

NET ASSETS

1,752,640

1,602,288

CAPITAL AND RESERVES

Called up share capital

8

300

Non-distributable reserve

9

33,836

Retained earnings

9

1,718,504

1,568,152

SHAREHOLDERS' FUNDS

1,752,640

1,602,288

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 21 October 2025 and were signed on its behalf by:

T B Hurley - Director

1.	STATUTORY INFORMATION

Hurley Electrical Contractors 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.

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 as modified by the revaluation of certain assets.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

10,605

62,399

592,296

665,300

Additions

-

866

128,865

129,731

Disposals

-

(154,014

)

(154,014

)

At 31 March 2025

10,605

63,265

567,147

641,017

DEPRECIATION

At 1 April 2024

9,982

54,944

370,783

435,709

Charge for year

623

8,321

76,143

85,087

Eliminated on disposal

-

(108,209

)

(108,209

)

At 31 March 2025

10,605

63,265

338,717

412,587

NET BOOK VALUE

At 31 March 2025

-

228,430

At 31 March 2024

623

7,455

221,513

229,591

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

589,068

NET BOOK VALUE

At 31 March 2025

589,068

At 31 March 2024

589,068

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

42,589

Cost

546,479

589,068

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

356,552

653,631

Amounts recoverable on contract

21,605

86,532

Other debtors

9,430

8,679

Directors' current accounts

-

64,770

Prepayments

18,606

20,976

406,193

834,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

213,482

196,603

Taxation and social security

428,736

367,902

Other creditors

96,822

244,921

739,040

809,426

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

198

Ordinary A

£1

198

100

Ordinary B

£1

100

2

Ordinary C

£1

2

300

9.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

At 1 April 2024

1,568,152

33,836

1,601,988

Profit for the year

317,601

Dividends

(167,249

)

(167,249

)

At 31 March 2025

1,718,504

33,836

1,752,340

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

T B Hurley

Balance outstanding at start of year

-

111,581

Amounts repaid

-

(111,581

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

M J Hurley

Balance outstanding at start of year

64,770

(397

)

Amounts advanced

-

219,891

Amounts repaid

(64,770

)

(154,724

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

64,770

As at the year end, the company owed £29,378 to the directors (2024 - £64,770 debit).