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COMPANY REGISTRATION NUMBER: 10117311

Great Waltham Electrical Limited

Filleted Unaudited Financial Statements

31 March 2025

Great Waltham Electrical Limited

Financial Statements

Year ended 31 March 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Great Waltham Electrical Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 12,427 |  | 6,483

Current assets

Stocks | 1,000 |  | 1,500 |
Debtors | 6 | 8,529 |  | 4,977 |
Cash at bank and in hand | 12,425 |  | 17,769 |
| -------- |  | -------- |
| 21,954 |  | 24,246 |

Creditors: amounts falling due within one year | 7 | 2,177 |  | 5,353 |
| -------- |  | -------- |
Net current assets |  | 19,777 |  | 18,893
|  | -------- |  | --------
Total assets less current liabilities |  | 32,204 |  | 25,376
|  | -------- |  | --------
Net assets |  | 32,204 |  | 25,376
|  | -------- |  | --------

Capital and reserves

Called up share capital | 8 |  | 2 |  | 2
Profit and loss account |  | 32,202 |  | 25,374
|  | -------- |  | --------
Shareholders funds |  | 32,204 |  | 25,376
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Great Waltham Electrical Limited

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 17 October 2025 , and are signed on behalf of the board by:

Mr K Bennion |
Director |

Company registration number: 10117311

Great Waltham Electrical Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Police House, 20 Barrack Lane, Gt Waltham, Chelmsford, CM3 1ER.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 25% reducing balance
| Equipment | - | 25 % reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

| Motor vehicles | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 | 16,080 | 9,756 | 25,836
Additions | 12,500 | – | 12,500
Disposals | ( 16,080) | – | ( 16,080)
| -------- | ------- | --------
At 31 March 2025 | 12,500 | 9,756 | 22,256
| -------- | ------- | --------
Depreciation |  |  |
At 1 April 2024 | 13,516 | 5,837 | 19,353
Charge for the year | 3,125 | 867 | 3,992
Disposals | ( 13,516) | – | ( 13,516)
| -------- | ------- | --------
At 31 March 2025 | 3,125 | 6,704 | 9,829
| -------- | ------- | --------
Carrying amount |  |  |
At 31 March 2025 | 9,375 | 3,052 | 12,427
| -------- | ------- | --------
At 31 March 2024 | 2,564 | 3,919 | 6,483
| -------- | ------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 194 | 34
Prepayments and accrued income | 353 | 304
Directors loan account | 5,682 | –
Other debtors | 2,300 | 4,639
| ------- | -------
| 8,529 | 4,977
| ------- | -------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Accruals and deferred income | 1,380 | 1,314
Corporation tax | 797 | 766
Directors Loan Account | – | 3,273
| ------- | -------
| 2,177 | 5,353
| ------- | -------

8. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 2 | 2 | 2 | 2
| ---- | ---- | ---- | ----

9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | – | 3,495
Later than 1 year and not later than 5 years | – | 1,165
| ---- | -------
| – | 4,660
| ---- | -------

10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr K Bennion | – | 5,682 | 5,682
|  | ---- | ------- | -------

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr K Bennion | – | ( 3,273) | ( 3,273)
|  | ---- | ------- | -------