Garrett Electrical Services Ltd

Registered number

09777596

Unaudited Filleted Accounts

31 August 2025

Garrett Electrical Services Ltd
Registered number:		09777596
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		44,430			35,897

Current assets
Stocks		18,365			109,033
Debtors	4	149,309			149,914
Cash at bank and in hand		136,707			87,435
		304,381			346,382

Creditors: amounts falling due within one year	5	(92,804)			(128,866)

Net current assets			211,577			217,516

Total assets less current liabilities			256,007			253,413


Provisions for liabilities			(11,108)			(8,974)


Net assets			244,899			244,439

Capital and reserves
Called up share capital			100			100
Profit and loss account			244,799			244,339

Shareholders' funds			244,899			244,439

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N Brady
Director
Approved by the board on 3 December 2025

Garrett Electrical Services Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	The directors have assessed and concluded that the group have adequate resources to meet its debts as they fall due for the period of 12 months after the approval of these financial statements. In light of the statement above, the directors have therefore prepared the financial statements on a going concern basis.

	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 4 years
	Plant and machinery			over 4 years
	Motor vehicles			over 4 years

	Stocks
	Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks and work in progress to their present location and condition.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	3,925		9,645		88,069		101,639
	Additions	-		1,418		20,444		21,862
	Disposals	-		-		(7,000)		(7,000)
	At 31 August 2025	3,925		11,063		101,513		116,501

	Depreciation
	At 1 September 2024	3,925		7,969		53,848		65,742
	Charge for the year	-		1,400		9,399		10,799
	On disposals	-		-		(4,470)		(4,470)
	At 31 August 2025	3,925		9,369		58,777		72,071

	Net book value
	At 31 August 2025	-		1,694		42,736		44,430
	At 31 August 2024	-		1,676		34,221		35,897


4	Debtors					2025		2024
£							£

	Trade debtors					99,594		122,720
	Other debtors					49,715		27,194
						149,309		149,914


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					52,261		72,801
	Taxation and social security costs					37,196		50,280
	Other creditors					3,347		5,785
						92,804		128,866


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Loan 1	21,658		40,560		(21,658)		40,560

		21,658		40,560		(21,658)		40,560

	Included within other debtors is the above loan that was made to the directors during the year. The loan is unsecured and is repayable on demand. Interest was not required to be charged on the loan.

7	Other information

	Garrett Electrical Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Bloxham Mill
	Barford Road
	Bloxham
	Oxfordshire
	OX15 4FF