Intelect Electrical Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05740869 (England and Wales)

INTELECT ELECTRICAL CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Cook

M T Cook

W R Kennan

C J Willitts

SECRETARY:

J A Cook

REGISTERED OFFICE:

Unit A, Lincomb Farm

Lincomb

Stourport-on-Severn

Worcestershire

DY13 9RB

REGISTERED NUMBER:

05740869 (England and Wales)

FIXED ASSETS

Tangible assets

4

117,160

130,520

CURRENT ASSETS

Stocks

8,320

22,761

Debtors

5

117,324

168,324

Cash at bank

182,589

54,859

308,233

245,944

CREDITORS

Amounts falling due within one year

6

231,731

168,808

NET CURRENT ASSETS

76,502

77,136

TOTAL ASSETS LESS CURRENT
LIABILITIES

193,662

207,656

CREDITORS

Amounts falling due after more than one
year

7

(68,812

)

(122,532

)

PROVISIONS FOR LIABILITIES

8

(28,838

)

(30,111

)

NET ASSETS

96,012

55,013

CAPITAL AND RESERVES

Called up share capital

9

34

Retained earnings

95,978

54,979

SHAREHOLDERS' FUNDS

96,012

55,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 1st September 2025 and were signed on its behalf by:

W R Kennan - Director

1.	STATUTORY INFORMATION

Intelect Electrical Contractors 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.

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.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% per annum

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 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.

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 19 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

203,349

Additions

15,169

At 31st March 2025

218,518

DEPRECIATION

At 1st April 2024

72,829

Charge for year

28,529

At 31st March 2025

101,358

NET BOOK VALUE

At 31st March 2025

117,160

At 31st March 2024

130,520

The net book value of tangible fixed assets includes £101,603 (2024 £118,339) of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

100,447

134,702

Amounts recoverable on contract

9,382

26,127

Other debtors

7,495

117,324

168,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

39,965

38,179

Hire purchase contracts

30,496

31,370

Trade creditors

52,463

40,142

Amounts owed to group undertakings

1,483

6,483

Taxation and social security

107,319

52,629

Other creditors

5

231,731

168,808

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

7,937

47,744

Hire purchase contracts

60,875

74,788

68,812

122,532

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

28,838

30,111

Deferred tax

£

Balance at 1st April 2024

30,111

Provided during year

(1,273

)

Balance at 31st March 2025

28,838

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

34

Ordinary

£1

34

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

W R Kennan

Balance outstanding at start of year

3,995

-

Amounts advanced

-

3,995

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,995

C J Willitts

Balance outstanding at start of year

3,500

-

Amounts advanced

-

3,500

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,500

11.	RELATED PARTY DISCLOSURES

Dividends of £83,458 (2024 £130,459) were paid from Intellect Electrical Contractors Limited to its parent company, Lincomb Holdings Limited

At the year end Intelect Electrical Contractors Limited owed Lincomb Holdings Limited £1,483 (2024 £6,483 owed by Lincomb Holdings Limited).