REGISTERED NUMBER: 05183668 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

IT ELECTRICAL (COVENTRY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I M Thompson

REGISTERED OFFICE:

5 The Quadrant

Coventry

West Midlands

CV1 2EL

REGISTERED NUMBER:

05183668 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

7,653

10,204

CURRENT ASSETS

Stocks

890

938

Debtors

5

6,821

6,772

Cash at bank

21,578

17,318

29,289

25,028

CREDITORS

Amounts falling due within one year

6

9,100

8,525

NET CURRENT ASSETS

20,189

16,503

TOTAL ASSETS LESS CURRENT LIABILITIES

27,842

26,707

PROVISIONS FOR LIABILITIES

1,454

1,939

NET ASSETS

26,388

24,768

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,288

24,668

26,388

24,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 December 2025 and were signed by:

I M Thompson - Director

1.	STATUTORY INFORMATION

IT Electrical (Coventry) Limited is a private company, limited by shares , registered in England and Wales. 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.

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

39,771

1,443

41,214

DEPRECIATION

At 1 August 2024

30,333

677

31,010

Charge for year

2,359

192

2,551

At 31 July 2025

32,692

869

33,561

NET BOOK VALUE

At 31 July 2025

7,079

574

7,653

At 31 July 2024

9,438

766

10,204

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

Motor

vehicles

£

COST

At 1 August 2024

and 31 July 2025

39,771

DEPRECIATION

At 1 August 2024

30,333

Charge for year

2,359

At 31 July 2025

32,692

NET BOOK VALUE

At 31 July 2025

7,079

At 31 July 2024

9,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,240

5,882

Other debtors

1,581

890

6,821

6,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,022

1,496

Taxation and social security

3,022

4,092

Other creditors

3,056

2,937

9,100

8,525

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

I M Thompson

Balance outstanding at start of year

(940

)

(176

)

Amounts advanced

16,655

18,784

Amounts repaid

(16,513

)

(19,548

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(798

)

(940

)