Registration number: 06076724

WARE POWER & LIGHTING LIMITED

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

WARE POWER & LIGHTING LIMITED

Company Information

Director

MR PHILIP JOHN FARRAR

Company secretary

MISS MICHELLE TURNER

Registered office

64 CHELMSFORD ROAD HOLLAND ON SEA ESSEX CO15 5DJ

Bankers

HSBC 72 HIGH STREET WARE Hertfordshire SG12 9AH

Accountants

Jacques and Associates Ltd ICPA 64 CHELMSFORD ROAD HOLLAND ON SEA ESSEX CO15 5DJ

WARE POWER & LIGHTING LIMITED

(Registration number: 06076724)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	20,782	27,314
Current assets
Debtors	5	64,062	88,373
Cash at bank and in hand		87,620	133,985
		151,682	222,358
Creditors: Amounts falling due within one year	6	(22,762)	(84,057)
Net current assets		128,920	138,301
Total assets less current liabilities		149,702	165,615
Creditors: Amounts falling due after more than one year	6	(19,844)	(29,844)
Net assets		129,858	135,771
Capital and reserves
Called up share capital	7	10	10
Retained earnings		129,848	135,761
Shareholders' funds		129,858	135,771

For the financial year ending 28 February 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 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2025
 

......................................... MR PHILIP JOHN FARRAR Director

WARE POWER & LIGHTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

The principal place of business is:
134 KING GEORGE ROAD
WARE
Hertfordshire
SG12 7DP

These financial statements were authorised for issue by the director on 28 November 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 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.

WARE POWER & LIGHTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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.

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 & machinery	25% Reducing balance
Fixtures & fittings	25% Reducing balance
Motor vehicles	25% Reducing balance
I.T. equipment	25% Reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

WARE POWER & LIGHTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 the director) during the year, was 3 (2024 - 3).

WARE POWER & LIGHTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	24,865	39,308	64,173
At 28 February 2025	24,865	39,308	64,173
Depreciation
At 1 March 2024	20,133	16,726	36,859
Charge for the year	886	5,646	6,532
At 28 February 2025	21,019	22,372	43,391
Carrying amount
At 28 February 2025	3,846	16,936	20,782
At 29 February 2024	4,732	22,582	27,314

5

Debtors

Current	2025 £	2024 £
Trade debtors	64,062	88,373
	64,062	88,373

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	2,274	4,131
Trade creditors		10,377	23,156
Taxation and social security		8,772	19,165
Accruals and deferred income		250	340
Other creditors		1,089	37,265
		22,762	84,057

Creditors: amounts falling due after more than one year

WARE POWER & LIGHTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	19,844	29,844

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	10	10	10	10

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	19,844	29,844

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	2,274	4,131

9

Dividends

		2025		2024
		£		£
Interim dividend of £500.00 (2024 - £2,500.00) per ordinary share		5,000		25,000

10	Related party transactions

WARE POWER & LIGHTING LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	17,713	16,135
Contributions paid to money purchase schemes	344	297
	18,057	16,432