D Cresswell & Son (Electricians) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00719833 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

D CRESSWELL & SON (ELECTRICIANS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A D Cresswell

SECRETARY:

Mrs L A Cresswell

REGISTERED OFFICE:

7 Catton Road

Arnold

Nottingham

Nottinghamshire

NG5 7JD

REGISTERED NUMBER:

00719833 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

4

48,845

55,172

CURRENT ASSETS

Stocks

15,000

Debtors

5

133,504

232,421

Cash at bank and in hand

232,111

127,309

380,615

374,730

CREDITORS

Amounts falling due within one year

6

143,057

162,624

NET CURRENT ASSETS

237,558

212,106

TOTAL ASSETS LESS CURRENT
LIABILITIES

286,403

267,278

CREDITORS

Amounts falling due after more than one
year

7

(15,330

)

(33,913

)

PROVISIONS FOR LIABILITIES

(10,696

)

(12,156

)

NET ASSETS

260,377

221,209

CAPITAL AND RESERVES

Called up share capital

8

500

Capital redemption reserve

1,500

Retained earnings

258,377

219,209

SHAREHOLDERS' FUNDS

260,377

221,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7 November 2025 and were signed by:

Mr A D Cresswell - Director

1.	STATUTORY INFORMATION

D Cresswell & Son (Electricians) 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.

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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Property alterations

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Property

and

Motor

Computer

alterations

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

10,100

13,624

118,041

3,909

145,674

Additions

-

10,800

-

10,800

Disposals

-

(4,469

)

-

(4,469

)

At 31 March 2025

10,100

13,624

124,372

3,909

152,005

DEPRECIATION

At 1 April 2024

9,218

12,840

64,535

3,909

90,502

Charge for year

132

118

15,810

-

16,060

Eliminated on disposal

-

(3,402

)

-

(3,402

)

At 31 March 2025

9,350

12,958

76,943

3,909

103,160

NET BOOK VALUE

At 31 March 2025

750

666

47,429

-

48,845

At 31 March 2024

882

784

53,506

-

55,172

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

43,195

DEPRECIATION

At 1 April 2024

12,767

Charge for year

7,607

At 31 March 2025

20,374

NET BOOK VALUE

At 31 March 2025

22,821

At 31 March 2024

30,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

92,216

191,584

Other debtors

13,885

17,187

Prepayments

27,403

23,650

133,504

232,421

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,397

10,140

Hire purchase contracts

8,186

10,094

Trade creditors

79,111

93,641

Corporation tax

21,847

32,845

Social security and other taxes

13,822

13,624

Other creditors

7,286

-

Accrued expenses

2,408

2,280

143,057

162,624

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

4,409

14,806

Hire purchase contracts

10,921

19,107

15,330

33,913

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

500

Ordinary

£1

500