Walden & Fletcher Electrical Contractors - Accounts to registrar (filleted)

REGISTERED NUMBER: 08349673 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Walden & Fletcher Electrical Contractors

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J B Fletcher

M P Walden

SECRETARY:

Mrs K M Walden

REGISTERED OFFICE:

2 St Oswalds Road

Gloucester

Gloucestershire

GL1 2SF

REGISTERED NUMBER:

08349673 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

188,552

126,418

188,552

126,418

CURRENT ASSETS

Stocks

5,000

Debtors

6

761,713

804,562

Cash at bank

231,812

166,414

998,525

975,976

CREDITORS

Amounts falling due within one year

7

319,245

347,706

NET CURRENT ASSETS

679,280

628,270

TOTAL ASSETS LESS CURRENT
LIABILITIES

867,832

754,688

CREDITORS

Amounts falling due after more than one
year

8

(3,333

)

(22,326

)

PROVISIONS FOR LIABILITIES

(40,638

)

(30,178

)

NET ASSETS

823,861

702,184

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

823,761

702,084

823,861

702,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

S J B Fletcher - Director

M P Walden - Director

1.	STATUTORY INFORMATION

Walden & Fletcher 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.

Turnover

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 and after eliminating sales within the company.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Purchased goodwill is capitalised and written off in equal annual instalments over ten years. The directors believe this is a reasonable estimate of its useful economic life.

Tangible fixed 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:

Leasehold improvements - Straight line over fifty years

Plant and machinery - 15% of written down value

Motor vehicles - 15% of written down value

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

28,000

AMORTISATION

At 1 February 2024

and 31 January 2025

28,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Improvements

machinery

vehicles

Totals

£

COST

At 1 February 2024

6,150

13,619

207,234

227,003

Additions

62,825

24,442

7,090

94,357

Disposals

-

(13,393

)

(13,393

)

At 31 January 2025

68,975

38,061

200,931

307,967

DEPRECIATION

At 1 February 2024

354

8,937

91,294

100,585

Charge for year

1,380

4,369

17,039

22,788

Eliminated on disposal

-

(3,958

)

(3,958

)

At 31 January 2025

1,734

13,306

104,375

119,415

NET BOOK VALUE

At 31 January 2025

67,241

24,755

96,556

188,552

At 31 January 2024

5,796

4,682

115,940

126,418

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

127,181

278,952

Amounts owed by group undertakings

591,819

481,665

Other debtors

-

750

Directors' current accounts

-

2,638

VAT

12,554

25,567

Accrued income

30,159

14,990

761,713

804,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,000

Hire purchase contracts

6,438

17,474

Trade creditors

208,240

246,560

Tax

84,097

50,884

Social security and other taxes

4,448

13,564

Other creditors

-

1,562

Directors' current accounts

847

-

Accrued expenses

5,175

7,662

319,245

347,706

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

3,333

13,333

Hire purchase contracts

-

8,993

3,333

22,326

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

S J B Fletcher

Balance outstanding at start of year

994

(2,369

)

Amounts advanced

11,324

8,232

Amounts repaid

(12,741

)

(4,869

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(423

)

994

M P Walden

Balance outstanding at start of year

1,644

(2,585

)

Amounts advanced

6,920

9,043

Amounts repaid

(8,987

)

(4,814

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(423

)

1,644

10.	RELATED PARTY TRANSACTIONS

During the year the company loaned £110,154 to Walden & Fletcher Property Ltd (2024 - loaned £269,415 to Walden & Fletcher Property Ltd).

At the balance sheet date the amount due from Walden & Fletcher Property Ltd was £591,819 (2024 - £481,665). The amount is interest free and repayable on demand.