Triple Pole Electrics Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Triple Pole Electrics Limited

Company Information

Director	D Thorpe

Registered office

Unit 9 Wards Farm Greenmore Woodcote Oxon RG8 0RB

Accountants

Withers Steele Limited Chartered Accountants6 Oaklands Court Tiverton Way Tiverton Devon EX16 6TG

Triple Pole Electrics Limited

(Registration number: 03339551)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	30,621	41,955
Other financial assets	5	105,077	100,885
		135,698	142,840
Current assets
Stocks	6	4,500	4,500
Debtors	7	459,413	621,079
Cash at bank and in hand		244,754	228,071
		708,667	853,650
Creditors: Amounts falling due within one year	8	(102,281)	(192,398)
Net current assets		606,386	661,252
Total assets less current liabilities		742,084	804,092
Provisions for liabilities		(7,655)	(10,489)
Net assets		734,429	793,603
Capital and reserves
Called up share capital	9	504	504
Capital redemption reserve		250	250
Retained earnings		733,675	792,849
Shareholders' funds		734,429	793,603

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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.

Triple Pole Electrics Limited

(Registration number: 03339551)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 29 October 2025
 

......................................... D Thorpe Director

Triple Pole Electrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Unit 9 Wards Farm
Greenmore
Woodcote
Oxon
RG8 0RB

These financial statements were authorised for issue by the director on 29 October 2025.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

Triple Pole Electrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Plant & machinery	25% reducing balance method
Motor vehicles	25% reducing balance method
Office equipment	15% reducing balance method
Fixtures & fittings	15% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Triple Pole Electrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Triple Pole Electrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2024 - 10).

Triple Pole Electrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	42,510	147,355	5,403	195,268
Disposals	(2,757)	-	-	(2,757)
At 31 March 2025	39,753	147,355	5,403	192,511
Depreciation
At 1 April 2024	34,219	113,999	5,095	153,313
Charge for the year	1,244	8,339	77	9,660
Eliminated on disposal	(1,083)	-	-	(1,083)
At 31 March 2025	34,380	122,338	5,172	161,890
Carrying amount
At 31 March 2025	5,373	25,017	231	30,621
At 31 March 2024	8,291	33,356	308	41,955

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	105,077	105,077
At 31 March 2025	105,077	105,077
Impairment
Carrying amount
At 31 March 2025	105,077	105,077

6

Stocks

	2025 £	2024 £
Other inventories	4,500	4,500

Triple Pole Electrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	430,282	561,556
Prepayments	10,236	10,413
Other debtors	18,895	49,110
	459,413	621,079

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	46,432	117,014
Taxation and social security	47,629	61,923
Accruals and deferred income	2,500	2,500
Other creditors	5,720	10,961
	102,281	192,398

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary shares of £0.10 each	2,520	252	2,520	252
B Ordinary shares of £0.10 each	2	-	2	-
C Ordinary shares of £0.10 each	2,520	252	2,520	252
	5,042	504	5,042	504

On 10 March 2023, 2,520 A ordinary shares were converted to C ordinary shares.

Triple Pole Electrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £28.9683 (2024 - £30.3571) per each A Ordinary shares		73,000		76,500
Interim dividend of £15,320.00 (2024 - £14,242.00) per each B Ordinary shares		30,640		28,484
Interim dividend of £28.9683 (2024 - £30.3571) per each C Ordinary shares		73,000		76,500
		176,640		181,484

11	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	25,140	25,140
Contributions paid to money purchase schemes	56,902	82,966
	82,042	108,106