Coleman's Electrical Limited Company accounts

COMPANY REGISTRATION NUMBER: 05378124

Coleman's Electrical Limited

Unaudited Financial Statements

31 March 2025

Coleman's Electrical Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountants and business advisers report to the director on the preparation of the unaudited statutory financial statements	8

Coleman's Electrical Limited

Director's Report

Year ended 31 March 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Director

The director who served the company during the year was as follows:

Mr W A Coleman

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 9 December 2025 and signed on behalf of the board by:

Mr W A Coleman
Director

Registered office:

12 Cil Y Coed

Ruabon

Wrexham

LL14 6TA

Coleman's Electrical Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

		Period from
	Year to	1 Mar 23 to
	31 Mar 25	31 Mar 24
Note	£	£
Turnover	259,894	271,333

Cost of sales	177,210	181,627
	---------	---------
Gross profit	82,684	89,706

Administrative expenses	58,288	55,016
Other operating income	1	3
	--------	--------
Operating profit	24,397	34,693

Other interest receivable and similar income		169	291
Interest payable and similar expenses		–	397
		--------	--------
Profit before taxation	5	24,566	34,587

Tax on profit	2,714	3,445
	--------	--------
Profit for the financial year and total comprehensive income	21,852	31,142
	--------	--------

Dividends paid and payable	( 10,000)	( 3,000)

Retained earnings at the start of the year	87,181	59,039
	--------	--------
Retained earnings at the end of the year	99,033	87,181
	--------	--------

All the activities of the company are from continuing operations.

Coleman's Electrical Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		19,410	11,769

Current assets

Debtors	7	28,945	76,889
Cash at bank and in hand		143,947	73,270
		---------	---------
		172,892	150,159

Creditors: amounts falling due within one year	8	93,267		74,745
		---------		---------
Net current assets			79,625	75,414
			--------	--------
Total assets less current liabilities			99,035	87,183
			--------	--------
Net assets			99,035	87,183
			--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	99,033	87,181
	--------	--------
Shareholders funds	99,035	87,183
	--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mr W A Coleman
Director

Company registration number: 05378124

Coleman's Electrical Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Cil Y Coed, Ruabon, Wrexham, LL14 6TA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Profit before taxation

Profit before taxation is stated after charging:

		Period from
	Year to	1 Mar 23 to
	31 Mar 25	31 Mar 24
	£	£
Depreciation of tangible assets	6,470	3,924
	-------	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	3,960	34,194	38,154
Additions	666	14,495	15,161
Disposals	–	( 13,994)	( 13,994)
	-------	--------	--------
At 31 March 2025	4,626	34,695	39,321
	-------	--------	--------
Depreciation
At 1 April 2024	3,062	23,323	26,385
Charge for the year	391	6,079	6,470
Disposals	–	( 12,944)	( 12,944)
	-------	--------	--------
At 31 March 2025	3,453	16,458	19,911
	-------	--------	--------
Carrying amount
At 31 March 2025	1,173	18,237	19,410
	-------	--------	--------
At 31 March 2024	898	10,871	11,769
	-------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	25,650	57,109
Other debtors	3,295	19,780
	--------	--------
	28,945	76,889
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	10,344	19,331
Social security and other taxes	33,851	13,413
Other creditors	49,072	42,001
	--------	--------
	93,267	74,745
	--------	--------

9. Director's advances, credits and guarantees

The director operated a director's current account. At the start of the period the balance owed to the director by the company was £32,818 (2024 £29,382), with movement of £9,341 and the closing balance owed to the director was £42,159 (2024 £32,818). The loan is interest free and repayable upon demand.

Coleman's Electrical Limited

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

Coleman's Electrical Limited

Chartered Accountants and Business Advisers Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Coleman's Electrical Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coleman's Electrical Limited for the year ended 31 March 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Coleman's Electrical Limited in accordance with the terms of our engagement letter dated 9 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Coleman's Electrical Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coleman's Electrical Limited and its director for our work or for this report.

It is your duty to ensure that Coleman's Electrical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coleman's Electrical Limited. You consider that Coleman's Electrical Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Coleman's Electrical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BRUCE ROBERTS & CO LIMITED Chartered Accountants and Business Advisers

Unit 10, Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT

9 December 2025