FRIERN ELECTRICAL SERVICES LIMITED


Directors	Franco MALENA,
	Giuseppe MALENA


Registered Address	Unit 6 / 7 East Lodge Village
	East Lodge Lane
	Enfield
	EN2 8AS


Registered Number	07137961 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		60,618		74,474
			60,618		74,474
Current assets
Debtors	5	379,964		314,514
Cash at bank and on hand		128,214		126,790
		508,178		441,304
Creditors amounts falling due within one year	6	(204,095)		(212,414)
Net current assets (liabilities)			304,083		228,890
Total assets less current liabilities			364,701		303,364
Creditors amounts falling due after one year	7		(6,227)		(11,565)
Provisions for liabilities			(15,154)		(18,031)
Net assets			343,320		273,768
Capital and reserves
Called up share capital			200		200
Profit and loss account			343,120		273,568
Shareholders' funds			343,320		273,768

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 5 December 2025, and are signed on its behalf by:

Franco MALENA,
Director
Registered Company No. 07137961

FRIERN ELECTRICAL SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in pound sterling and this is the functional currency of the company.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		8

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	26,604
	At 31 March 25	26,604
	Amortisation and impairment
	At 01 April 24	26,604
	At 31 March 25	26,604
	Net book value
	At 31 March 25	-
	At 31 March 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	121,053
	Additions	6,361
	Disposals	(2,407)
	At 31 March 25	125,007
	Depreciation and impairment
	At 01 April 24	46,580
	Charge for year	20,216
	On disposals	(2,407)
	At 31 March 25	64,389
	Net book value
	At 31 March 25	60,618
	At 31 March 24	74,474

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	319,499	294,147
Other debtors	58,941	18,064
Prepayments and accrued income	1,524	2,303
Total	379,964	314,514

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	81,781	87,079
Bank borrowings and overdrafts	4,209	-
Taxation and social security	79,869	99,430
Finance lease and HP contracts	5,338	4,982
Other creditors	12,898	2,924
Accrued liabilities and deferred income	20,000	17,999
Total	204,095	212,414

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	6,227	11,565
Total	6,227	11,565

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	11,565		16,547

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Franco MALENA,	0	43,569	0	43,569
	0	43,569	0	43,569


	Interest was charged on the borrowings at the prescribed rate applied by HMRC. The amount charged was £461 (2024: £526).