GEC ELECTRICAL CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
Company Registration Number: 06482910

GEC ELECTRICAL CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS | PAGES
Company information | 1
Balance sheet | 2 to 3
Notes to the financial statements |  |  |  |  |  | 4 to 9

GEC ELECTRICAL CONTRACTORS LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTOR
P N Collett
SECRETARY
K Collett
REGISTERED OFFICE
Unit 114 Culham No 1 Site
Station Road
Abingdon
Oxon
OX14 3DA
COMPANY REGISTRATION NUMBER
06482910 England and Wales

GEC ELECTRICAL CONTRACTORS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
|  |  | Notes |  | 2025 |  |  |  | 2024
|  |  |  |  | £ |  |  |  | £
FIXED ASSETS
Tangible assets | 5 |  |  |  | 28,597 |  |  |  | 9,987
CURRENT ASSETS
Stock | 12,000 |  |  |  | 12,000
Debtors | 6 |  | 141,724 |  |  |  | 125,397
Cash at bank and in hand | 51,406 |  |  |  | 53,956
|  |  |  |  | 205,130 |  |  |  | 191,353
CREDITORS: Amounts falling due within one year | 7 |  | 135,526 |  |  |  | 135,844
NET CURRENT ASSETS | 69,604 |  |  |  | 55,509
TOTAL ASSETS LESS CURRENT LIABILITIES | 98,201 |  |  |  | 65,496
CREDITORS: Amounts falling due after more than one year | 8 |  |  |  | 5,366 |  |  |  | 14,567
Provisions for liabilities and charges | 7,150 |  |  |  | 2,498
NET ASSETS | 85,685 |  |  |  | 48,431
CAPITAL AND RESERVES
Called up share capital | 1,000 |  |  |  | 1,000
Distributable profit and loss account | 84,685 |  |  |  | 47,431
SHAREHOLDERS' FUNDS | 85,685 |  |  |  | 48,431

GEC ELECTRICAL CONTRACTORS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
P N Collett
Director
Date approved by the board: 20 October 2025

GEC ELECTRICAL CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 | GENERAL INFORMATION
| GEC Electrical Contractors Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
| Unit 114 Culham No 1 Site
| Station Road
| Abingdon
| Oxon
| OX14 3DA
| The financial statements are presented in Sterling, which is the functional currency of the company.
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
| Basis of preparation of financial statements
| These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
| Revenue recognition

| Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of electrical services invoiced as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
| The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

| Tangible fixed assets

| Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

| Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
| Leasehold improvements | 10% per annum straight line basis
| Plant and equipment | 25% per annum reducing balance basis
| Office equipment | 25% per annum reducing balance basis
| Motor vehicles | 25% per annum reducing balance basis
| On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

GEC ELECTRICAL CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| 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 accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
| Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

| The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

| 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 amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
| Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.
| If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.

| Stock

| Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis.
| The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

GEC ELECTRICAL CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Work in progress

| Work in progress has been valued at the lower of cost and estimated selling price less cost to complete and sell. Cost comprises the cost of materials and direct labour relevant to the stage of construction.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors
| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
| Leases
| Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.
| Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.
| Payments received under operating leases are recognised as income over the lease term on a straight-line basis.
| Taxation
| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
| Deferred tax is measured using 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.

| Current and deferred tax assets and liabilities are not discounted.

GEC ELECTRICAL CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Pensions
| The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.
| Employee benefits

| Short term employee benefits are recognised as an expense in the period in which they are incurred.

3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

| No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4 | EMPLOYEES
| The average number of persons employed by the company (including the director) during the year was:
|  |  |  |  |  |  |  |  | 2025 |  | 2024
| Average number of employees | 9 |  | 7

GEC ELECTRICAL CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
5 | TANGIBLE ASSETS
|  | Leasehold improvements | Plant and equipment |  | Office equipment |  | Motor vehicles |  | Total
|  |  | £ |  | £ |  | £ |  | £ |  | £
| Cost
| At 1 April 2024 | 6,570 |  | 10,349 |  | 5,135 |  | 24,997 |  | 47,051
| Additions | - |  | 4,255 |  | 379 |  | 20,394 |  | 25,028
| Disposals | - |  | (2,133) |  | - |  | (10,774) |  | (12,907)
| At 31 March 2025 | 6,570 |  | 12,471 |  | 5,514 |  | 34,617 |  | 59,172
| Accumulated depreciation
| At 1 April 2024 | 6,570 |  | 5,813 |  | 3,531 |  | 21,150 |  | 37,064
| Charge for year | - |  | 1,341 |  | 461 |  | 2,465 |  | 4,267
| Disposals | - |  | (768) |  | - |  | (9,988) |  | (10,756)
| At 31 March 2025 | 6,570 |  | 6,386 |  | 3,992 |  | 13,627 |  | 30,575
| Net book value
| At 1 April 2024 | - |  | 4,536 |  | 1,604 |  | 3,847 |  | 9,987
| At 31 March 2025 | - |  | 6,085 |  | 1,522 |  | 20,990 |  | 28,597
6 | DEBTORS
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Trade debtors | 126,967 |  | 100,995
| Prepayments and accrued income | 7,184 |  | 2,640
| Other debtors | 7,573 |  | 21,762
|  |  |  |  |  |  |  |  | 141,724 |  | 125,397
7 | CREDITORS: Amounts falling due within one year
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Trade creditors | 90,721 |  | 87,709
| Taxation and social security | 29,367 |  | 28,041
| Accruals and deferred income | 2,921 |  | 2,914
| Other creditors | 12,517 |  | 17,180
|  |  |  |  |  |  |  |  | 135,526 |  | 135,844

GEC ELECTRICAL CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
8 | CREDITORS: Amounts falling due after more than one year
|  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Bank loans and overdrafts | 5,366 |  | 14,567
9 | CONTINGENCIES AND COMMITMENTS
| Other Commitments
| Amounts falling due under operating leases: | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| In less than one year | 33,800 |  | 28,752
| In more than one but less than five years | 45,201 |  | 47,549
|  |  |  |  |  |  |  |  | 79,001 |  | 76,301
10 | DIRECTOR'S / SHAREHOLDERS' ADVANCES, CREDITS AND GUARANTEES
| The following director's / shareholders' advances, credits and guarantees took place during the year:
|  |  |  |  | Balance at 1 April 2024 |  | Amounts advanced |  | Amounts repaid |  | Balance at 31 March 2025
|  |  |  |  | £ |  | £ |  | £ |  | £
| P N Collett and K Collett | 4,061 |  | 18,421 |  | 22,482 |  | -

| Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.

11 | RELATED PARTY TRANSACTIONS
| During the year, the following transactions with related parties took place:
| P N Collett and K Collett
| Director / Shareholders | 2025 |  | 2024
|  |  |  |  |  |  |  |  | £ |  | £
| Advances to company |  | The director / shareholders have made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director / shareholders the following amount: |  | 412 |  | -

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