Registration number: 06614293

Carter Electrical Installation Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Carter Electrical Installation Limited

Company Information

Directors

J M Carter M J Carter

Registered office

Victoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Accountants

Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Carter Electrical Installation Limited

(Registration number: 06614293)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	114,496	137,976
Investment property	5	204,000	204,000
		318,496	341,976
Current assets
Stocks	6	112,044	127,489
Debtors	7	112,932	211,367
Cash at bank and in hand		61,462	66,363
		286,438	405,219
Creditors: Amounts falling due within one year	8	(262,255)	(315,979)
Net current assets		24,183	89,240
Total assets less current liabilities		342,679	431,216
Creditors: Amounts falling due after more than one year	8	(150,135)	(234,193)
Provisions for liabilities		(12,834)	(18,420)
Net assets		179,710	178,603
Capital and reserves
Called up share capital		100	100
Revaluation reserve		104,948	104,948
Retained earnings		74,662	73,555
Shareholders' funds		179,710	178,603

For the financial year ending 31 December 2024 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.

Carter Electrical Installation Limited

(Registration number: 06614293)
Balance Sheet as at 31 December 2024 (continued)

Approved and authorised by the Board on 27 October 2025 and signed on its behalf by:
 

......................................... J M Carter Director

Carter Electrical Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The address of its registered office is:
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG

These financial statements were authorised for issue by the Board on 27 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.

Carter Electrical Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

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 and machinery	20% reducing balance
Fixtures and fittings	20% reducing balance
Motor vehicles	25% reducing balance or over lease term
Computer Equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.


 

Carter Electrical Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 15).

Carter Electrical Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	66,033	4,551	751	23,386	161,248	255,969
Additions	-	-	-	1,696	-	1,696
At 31 December 2024	66,033	4,551	751	25,082	161,248	257,665
Depreciation
At 1 January 2024	9,905	3,711	699	12,717	90,963	117,995
Charge for the year	-	168	10	4,855	20,141	25,174
At 31 December 2024	9,905	3,879	709	17,572	111,104	143,169
Carrying amount
At 31 December 2024	56,128	672	42	7,510	50,144	114,496
At 31 December 2023	56,128	840	52	10,671	70,285	137,976

Included within the net book value of land and buildings above is £56,128 (2023 - £56,128) in respect of freehold land and buildings.
 

5	Investment properties

	2024 £
At 1 January	204,000
At 31 December	204,000

6

Stocks

	2024 £	2023 £
Work in progress	63,000	69,420
Other inventories	49,044	58,069
	112,044	127,489

Page 7

Carter Electrical Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Debtors

Current	2024 £	2023 £
Trade debtors	77,385	124,136
Prepayments	4,063	7,737
Other debtors	31,484	79,494
	112,932	211,367

Carter Electrical Installation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	93,893	91,212
Trade creditors		85,870	118,244
Taxation and social security		35,670	33,273
Other creditors		46,822	73,250
		262,255	315,979

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	150,135	234,193

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	118,546	187,495
Hire purchase contracts	31,589	46,698
	150,135	234,193

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	78,784	76,075
Hire purchase contracts	15,109	15,137
	93,893	91,212

10	Related party transactions

Summary of transactions with key management

At the year end date, key management personnel owed the company £15,465 (2023: £36,728) and £16,019 (2023: £42,766).