Registration number: 07485118

The Electrical Compliance Collective Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

The Electrical Compliance Collective Ltd

Company Information

Directors

Mr Peter Laurence McCallum Mrs Maria Helen McCallum

Registered office

Unit 17 Dorcan Business Village Murdock Road Dorcan Swindon Wiltshire SN3 5HY

The Electrical Compliance Collective Ltd

(Registration number: 07485118)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	179,001	206,468
Current assets
Stocks		32,200	29,097
Debtors	5	137,774	118,571
Cash at bank and in hand		96,201	57,407
		266,175	205,075
Creditors: Amounts falling due within one year	6	(148,789)	(120,730)
Net current assets		117,386	84,345
Total assets less current liabilities		296,387	290,813
Creditors: Amounts falling due after more than one year	6	(254,347)	(294,524)
Net assets/(liabilities)		42,040	(3,711)
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		41,040	(4,711)
Shareholders' funds/(deficit)		42,040	(3,711)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 22 October 2025 and signed on its behalf by:
 

The Electrical Compliance Collective Ltd

(Registration number: 07485118)
Balance Sheet as at 31 January 2025 (continued)

......................................... Mr Peter Laurence McCallum Director

......................................... Mrs Maria Helen McCallum Director

The Electrical Compliance Collective Ltd

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

1	General information

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

The address of its registered office is:
Unit 17 Dorcan Business Village Murdock Road
Dorcan
Swindon
Wiltshire
SN3 5HY
England

These financial statements were authorised for issue by the Board on 22 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.

Tax

The tax expense for the period comprises 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.

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.

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.

The Electrical Compliance Collective Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2	Accounting policies (continued)

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

The Electrical Compliance Collective Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2024 - 21).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	117,016	67,247	124,469	308,732
Additions	-	6,724	-	6,724
Disposals	-	(8,786)	-	(8,786)
At 31 January 2025	117,016	65,185	124,469	306,670
Depreciation
At 1 February 2024	28,084	53,933	20,247	102,264
Charge for the year	4,680	9,187	20,174	34,041
Eliminated on disposal	-	(8,636)	-	(8,636)
At 31 January 2025	32,764	54,484	40,421	127,669
Carrying amount
At 31 January 2025	84,252	10,701	84,048	179,001
At 31 January 2024	88,932	13,314	104,222	206,468

5

Debtors

Current	2025 £	2024 £
Trade debtors	108,258	81,505
Prepayments	-	7,000
Other debtors	29,516	30,066
	137,774	118,571

The Electrical Compliance Collective Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	10,726	10,935
Trade creditors		10,275	204
Taxation and social security		62,724	49,825
Accruals and deferred income		849	1,002
Other creditors		64,215	58,764
		148,789	120,730

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	254,347	294,524

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,726	10,727
Other borrowings	-	208
	10,726	10,935