REGISTERED NUMBER: 08931782 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

T & K ELECTRICALS LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

426,329

525,201

426,329

525,201

Current assets

Stocks

45,000

45,000

Debtors

6

3,211,185

2,247,502

Cash at bank

111,013

598,659

3,367,198

2,891,161

Creditors

Amounts falling due within one year

7

2,983,329

2,561,788

Net current assets

383,869

329,373

Total assets less current liabilities

810,198

854,574

Creditors

Amounts falling due after more than one year

8

(89,138

)

(192,473

)

Provisions for liabilities

10

(55,186

)

(73,740

)

Net assets

665,874

588,361

Capital and reserves

Called up share capital

11

100

100

Fair value reserve

12

61,415

61,415

Retained earnings

604,359

526,846

Shareholders' funds

665,874

588,361

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 Statement of comprehensive income 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:

Mr J M Tollerfield - Director

Mr M E King - Director

1.	Statutory information

T & K Electricals Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08931782. The registered office is 31 West Street, Wimborne, Dorset, BH21 1JS and business address is Unit 5 Chantry Park, 2 Cowley Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0UJ.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents income receivable for the provision of services of electricians, net of discounts and value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3.	Employees and directors

The average number of employees during the year was 30 (2024 - 38 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

250,000

Amortisation

At 1 April 2024

and 31 March 2025

250,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost or valuation

At 1 April 2024

250,000

22,474

70,526

474,310

817,310

Additions

-

-

-

24,740

24,740

Disposals

-

(5,675

)

(11,572

)

(197,386

)

(214,633

)

At 31 March 2025

250,000

16,799

58,954

301,664

627,417

Depreciation

At 1 April 2024

-

9,914

41,802

240,393

292,109

Charge for year

-

1,552

4,309

58,101

63,962

Eliminated on disposal

-

(2,903

)

(7,104

)

(144,976

)

(154,983

)

At 31 March 2025

-

8,563

39,007

153,518

201,088

Net book value

At 31 March 2025

250,000

8,236

19,947

148,146

426,329

At 31 March 2024

250,000

12,560

28,724

233,917

525,201

The directors confirm the fair value of the freehold property remains unchanged as at 31 March 2025.

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2018

31,886

-

-

-

31,886

Valuation in 2021

50,000

-

-

-

50,000

Cost

168,114

16,799

58,954

301,664

545,531

250,000

16,799

58,954

301,664

627,417

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

Motor

vehicles

£

Cost or valuation

At 1 April 2024

287,697

Disposals

(71,120

)

Transfer to ownership

(13,760

)

At 31 March 2025

202,817

Depreciation

At 1 April 2024

82,426

Charge for year

46,976

Eliminated on disposal

(29,975

)

Transfer to ownership

(10,495

)

At 31 March 2025

88,932

Net book value

At 31 March 2025

113,885

At 31 March 2024

205,271

All hire purchase liabilities are secured against the assets to which they relate.

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

3,009,154

2,063,080

Amounts owed by group undertakings

66,431

98,638

Other debtors

4,922

-

Tax

100,674

74,523

VAT

30,004

11,261

3,211,185

2,247,502

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

65,481

88,883

Hire purchase contracts

30,121

57,731

Trade creditors

1,070,722

884,647

Amounts owed to group undertakings

766,241

518,703

Tax

80,735

29,805

Social security and other taxes

149,621

259,731

Wages

1,618

79,303

Pensions

3,648

5,295

Other creditors

227,979

103,564

Accruals and deferred income

587,163

534,126

2,983,329

2,561,788

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

8,898

37,562

Bank loans - 2-5 years

26,693

40,186

Bank loans more 5 yr by instal

25,523

39,990

Hire purchase contracts

28,024

74,735

89,138

192,473

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

25,523

39,990

9.	Secured debts

All monies owed to Barclays Security Trustee Limited is secured by way of a floating charge over all the property and undertaking of the company dated 23 September 2020.

All monies owed to Barclays Bank PLC in relation to the mortgage of the freehold property at 5 Chantry Park Cowley Road, Poole BH17 OUJ (land registry title number DT64004) are secured over the same property in a charge dated 19 December 2016.

10.	Provisions for liabilities

2025

2024

£

£

Deferred tax

55,186

73,740

Deferred

tax

£

Balance at 1 April 2024

73,740

Credit to Income statement during year

(18,554

)

Balance at 31 March 2025

55,186

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

Reserves

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

61,415

13.	Ultimate controlling party

The company is controlled by the directors and their wives Mr & Mrs Tollerfield and Mr & Mrs King by who between them own 100% of the issued voting share capital of its parent company T & K Services Group Ltd.