General Electrical Contractors Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

General Electrical Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05862825 . The registered office is Unit 6 Optical Park Middlemore Lane, West Aldridge, Walsall, West Midlands, WS9 8EJ.

The presentation currency of the financial statements is Pound Sterling (£)

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

Company and the revenue can be reliably measured. Revenue is measured as the fair value of the

consideration received or receivable, excluding discounts, rebates, value added tax and other sales

taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are

provided in accordance with the stage of completion of the contract when all of the following

conditions are satisfied:

 the amount of revenue can be measured reliably;

 it is probable that the Company will receive the consideration due under the contract;

 the stage of completion of the contract at the end of the reporting period can be measured

reliably; and

 the costs incurred and the costs to complete the contract can be measured reliably

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	20% on reducing balance
Computer Equipment	33.3% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted

prospectively if appropriate, or if there is an indication of a significant change since the last reporting

date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount

and are recognised in profit or loss.

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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General Electrical Contractors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.6. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 12)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2024	6,850	245,050	17,431	38,065	307,396
Additions	-	46,875	-	-	46,875
Disposals	-	(20,616 )	-	-	(20,616 )

As at 30 June 2025	6,850	271,309	17,431	38,065	333,655

Depreciation
As at 1 July 2024	2,466	78,035	17,431	37,411	135,343
Provided during the period	877	47,141	-	654	48,672
Disposals	-	(14,818 )	-	-	(14,818 )

As at 30 June 2025	3,343	110,358	17,431	38,065	169,197

Net Book Value
As at 30 June 2025	3,507	160,951	-	-	164,458

As at 1 July 2024	4,384	167,015	-	654	172,053

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General Electrical Contractors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

5. Stocks

	2025	2024
	£	£
Stock	750	385
Work in progress	1,789	1,063

	2,539	1,448

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	120,475	196,064
Amounts owed by group undertakings	-	1,732
Other debtors	63,606	3,150

	184,081	200,946

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,844	16,446
Trade creditors	19,465	76,408
Other creditors	91,516	38,417
Taxation and social security	66,600	79,652

	193,425	210,923

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,377	44,271

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,844	16,446
Later than one year and not later than five years	28,377	44,271

	44,221	60,717

	44,221	60,717

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General Electrical Contractors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2024	43,013	43,013
Deferred taxation	(12,914 )	(12,914 )

Balance at 30 June 2025	30,099	30,099

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	26,200	26,200
Later than one year and not later than five years	26,200	54,200

	52,400	80,400

13. Ultimate Controlling Party

The company's ultimate controlling party is MSH Holdings Ltd .

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		164,458		172,053

			164,458		172,053
CURRENT ASSETS
Stocks	5	2,539		1,448
Debtors	6	184,081		200,946
Cash at bank and in hand		142,585		258,260

		329,205		460,654
Creditors: Amounts Falling Due Within One Year	7	(193,425 )		(210,923 )

NET CURRENT ASSETS (LIABILITIES)			135,780		249,731

TOTAL ASSETS LESS CURRENT LIABILITIES			300,238		421,784

Creditors: Amounts Falling Due After More Than One Year	8		(28,377 )		(44,271 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,099 )		(43,013 )

NET ASSETS			241,762		334,500

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			241,662		334,400

SHAREHOLDERS' FUNDS			241,762		334,500