REGISTERED NUMBER: 06285720 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Hallowell Electrical Engineers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C C Hallowell

Mrs L N Hallowell

Mr J P Hallowell

SECRETARY:

Mrs L N Hallowell

REGISTERED OFFICE:

61 Preston Road

Leytonstone

London

E11 1NL

REGISTERED NUMBER:

06285720 (England and Wales)

ACCOUNTANTS:

Methven Accountancy Services Limited

76 Waltham Way

Chingford

London

E4 8HE

FIXED ASSETS

Tangible assets

4

122,600

96,554

CURRENT ASSETS

Debtors

5

87,777

174,941

Cash at bank and in hand

384,257

262,409

472,034

437,350

CREDITORS

Amounts falling due within one year

6

143,327

136,015

NET CURRENT ASSETS

328,707

301,335

TOTAL ASSETS LESS CURRENT LIABILITIES

451,307

397,889

CREDITORS

Amounts falling due after more than one year

7

(10,410

)

(12,294

)

PROVISIONS FOR LIABILITIES

(16,781

)

(11,618

)

NET ASSETS

424,116

373,977

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

424,016

373,877

SHAREHOLDERS' FUNDS

424,116

373,977

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

Mr C C Hallowell - Director

1.	STATUTORY INFORMATION

Hallowell Electrical Engineers 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.

Transition to Financial Reporting Standard 102

The date of the transition for the Reporting Standard 102 purposes was 1st April 2015. As part of the transition process, there have been no changes to accounting policies.

In addition, there have been no transitional adjustments necessary to reconcile equity determined in accordance with previous financial reporting frameworks to equity determined in accordance with the Financial Reporting Standard 102, as at the date of transition and at the end of the latest period presented in the company's most recent financial statements, determined in accordance with it's previous financial reporting framework.

In addition, no additional adjustments have been required, to reconcile the profit or loss determined in accordance with the company's previous financial reporting framework for the latest period in the company's most recent annual financial statements to it's profit or loss determined in accordance with the Financial Reporting Standard 102 for the same period.

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.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

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

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

3,299

4,313

192,498

45,620

245,730

Additions

-

1,917

64,668

4,058

70,643

Disposals

-

-

(29,105

)

-

(29,105

)

At 31 March 2025

3,299

6,230

228,061

49,678

287,268

DEPRECIATION

At 1 April 2024

1,855

431

117,116

29,774

149,176

Charge for year

144

580

33,717

4,976

39,417

Eliminated on disposal

-

-

(23,925

)

-

(23,925

)

At 31 March 2025

1,999

1,011

126,908

34,750

164,668

NET BOOK VALUE

At 31 March 2025

1,300

5,219

101,153

14,928

122,600

At 31 March 2024

1,444

3,882

75,382

15,846

96,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

58,994

157,387

Other debtors

28,783

17,554

87,777

174,941

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

17,538

16,537

Trade creditors

40,873

46,994

Taxation and social security

19,459

28,489

Other creditors

65,457

43,995

143,327

136,015

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

10,410

12,294