Company No: 04209666 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	12,765		22,078
		12,765		22,078
Current assets
Debtors	4	988,895		949,297
Cash at bank and in hand		9,515		13,234
		998,410		962,531
Creditors: amounts falling due within one year	5	( 950,745)		( 910,834)
Net current assets		47,665		51,697
Total assets less current liabilities		60,430		73,775
Creditors: amounts falling due after more than one year	6	( 27,770)		( 38,194)
Net assets		32,660		35,581
Capital and reserves
Called-up share capital	7	100		100
Share premium account		12,560		12,560
Capital redemption reserve		40		40
Profit and loss account		19,960		22,881
Total shareholder's funds		32,660		35,581

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Elect Services Limited (registered number: 04209666) were approved and authorised for issue by the Director on 31 October 2025. They were signed on its behalf by:

Mr M P Harding Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elect Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
22 Church Street
Rickmansworth
WD3 1DD
United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable from the provision of services in the ordinary course of the company's activities. turnover is shown net of value added tax.

The company recognises revenue when value of services provided to date can be reliably measured.

Employee benefits

Defined contribution schemes
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 recognised as employee benefit expense when they are due. If contribution paymenst exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current 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 corporation 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 fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
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 charges to profit ot loss on a straight line basis over the period of the lease.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	94		94

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2024	93,917		93,917
Additions	2,604		2,604
At 31 January 2025	96,521		96,521
Accumulated depreciation
At 01 February 2024	71,839		71,839
Charge for the financial year	11,917		11,917
At 31 January 2025	83,756		83,756
Net book value
At 31 January 2025	12,765		12,765
At 31 January 2024	22,078		22,078

4. Debtors

	2025		2024
	£		£
Trade debtors	305		0
Amounts owed by Parent undertakings	824,166		803,901
Other debtors	164,424		145,396
	988,895		949,297

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,977		6,071
Trade creditors	249		1,559
Amounts owed to Group undertakings	361,574		399,846
Taxation and social security	119,248		38,949
Other creditors	463,697		464,409
	950,745		910,834

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	27,770		32,976
Other creditors	0		5,218
	27,770		38,194

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 £1 A ordinary shares of £ 1.00 each	100		100