REGISTERED NUMBER: 07464116

Financial Statements for the Year Ended 31 March 2025

for

TSL Electrical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Lomas

J B T H Hanlon

REGISTERED OFFICE:

Dorney House

46-48a High Street

Burnham

Berkshire

SL1 7JP

REGISTERED NUMBER:

07464116

ACCOUNTANTS:

Veracity Accountants Limited

Dorney House

46-48a High Street

Burnham

Berkshire

SL1 7JP

FIXED ASSETS

Tangible assets

4

155,428

161,196

CURRENT ASSETS

Stocks

5

105,750

155,000

Debtors

6

497,470

197,687

Cash at bank

55,903

121,709

659,123

474,396

CREDITORS

Amounts falling due within one year

7

517,356

338,819

NET CURRENT ASSETS

141,767

135,577

TOTAL ASSETS LESS CURRENT LIABILITIES

297,195

296,773

CREDITORS

Amounts falling due after more than one year

8

145,196

169,240

NET ASSETS

151,999

127,533

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

151,899

127,433

151,999

127,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 9 December 2025 and were signed on its behalf by:

T Lomas - Director

J B T H Hanlon - Director

1.	STATUTORY INFORMATION

TSL Electrical Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

236,768

Additions

53,951

Disposals

(35,489

)

At 31 March 2025

255,230

DEPRECIATION

At 1 April 2024

75,572

Charge for year

42,694

Eliminated on disposal

(18,464

)

At 31 March 2025

99,802

NET BOOK VALUE

At 31 March 2025

155,428

At 31 March 2024

161,196

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

112,459

Additions

51,734

At 31 March 2025

164,193

DEPRECIATION

At 1 April 2024

15,286

Charge for year

30,760

At 31 March 2025

46,046

NET BOOK VALUE

At 31 March 2025

118,147

At 31 March 2024

97,173

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

17,500

17,500

Work-in-progress

88,250

137,500

105,750

155,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

394,115

130,421

Other debtors

103,355

67,266

497,470

197,687

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

42,931

45,052

Hire purchase contracts

31,939

25,674

Trade creditors

227,952

115,421

Taxation and social security

79,655

99,431

Other creditors

134,879

53,241

517,356

338,819

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

71,402

109,189

Hire purchase contracts

73,794

60,051

145,196

169,240