S R Waite Electrical Contractors Ltd

S R Waite Electrical Contractors Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	57,642	42,664
		57,642	42,664
Current assets
Debtors		211,176	128,686
Cash at bank and in hand		67,060	204,858
		278,236	333,544
Creditors: amount falling due within one year		(92,351)	(100,208)
Net current assets		185,885	233,336

Total assets less current liabilities		243,527	276,000
Creditors: amount falling due after more than one year		(6,252)	(10,414)
Provisions for liabilities		(701)	(822)
Net assets		236,574	264,764

Capital and reserves
Called up share capital		102	102
Profit and loss account		236,472	264,662
Shareholders' funds		236,574	264,764

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 by the board of directors on 12 December 2025 and were signed on its behalf by:

-------------------------------
Andrew Mazey
Director

S R Waite Electrical Contractors Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

S R Waite Electrical Contractors Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 03152575, registration address Unit 7C Welch Hill Mill, Arthur Street, Leigh, Greater Manchester, WN7 4DJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	33 Reducing Balance
Motor Vehicles	25 Reducing Balance
Fixtures and Fittings	15 Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 6 (2024 : 14).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2024	30,107	46,538	978	1,290	78,913
Additions	121	28,795	-	-	28,916
Disposals	-	-	-	-	-
At 31 March 2025	30,228	75,333	978	1,290	107,829
Depreciation
At 01 April 2024	27,629	7,638	643	339	36,249
Charge for year	738	12,866	79	255	13,938
On disposals	-	-	-	-	-
At 31 March 2025	28,367	20,504	722	594	50,187
Net book values
Closing balance as at 31 March 2025	1,861	54,829	256	696	57,642
Opening balance as at 01 April 2024	2,478	38,900	335	951	42,664

Registered Number: 03152575
England & Northern Ireland
S R WAITE ELECTRICAL CONTRACTORS LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025