Holls Electrical Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01421429

HOLLS ELECTRICAL LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

HOLLS ELECTRICAL LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

HOLLS ELECTRICAL LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	P M Warren
	J Warren
	S Rooke

Company secretary	A Warren

Registered office	Unit C1a Mercia Way
	Foxhills Industrial Estate
	Scunthorpe
	South Humberside
	England
	DN15 8RE

Accountants	Streets LLP
	Chartered Accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

HOLLS ELECTRICAL LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		28,308	20,332

Current assets

Stocks		27,848	24,836
Debtors	6	140,434	89,995
Cash at bank and in hand		95,459	26,075
		----------	----------
		263,741	140,906

Creditors: amounts falling due within one year	7	163,644		113,035
		----------		----------
Net current assets			100,097	27,871
			----------	---------
Total assets less current liabilities			128,405	48,203

Creditors: amounts falling due after more than one year	8		2,868	12,743

Provisions

Taxation including deferred tax	6,849	4,035
	----------	---------
Net assets	118,688	31,425
	----------	---------

HOLLS ELECTRICAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	555	500
Share premium account	9,945	–
Profit and loss account	108,188	30,925
	----------	---------
Shareholders funds	118,688	31,425
	----------	---------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' 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 directors acknowledge their 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 22 December 2025 , and are signed on behalf of the board by:

P M Warren
Director

Company registration number: 01421429

HOLLS 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 Unit C1a Mercia Way, Foxhills Industrial Estate, Scunthorpe, South Humberside, DN15 8RE, England.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents the value of all goods sold during the period, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

Income tax

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.

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:

Long leasehold property	-	10% straight line
Plant and machinery	-	25% reducing balance
Freehold property improvements	-	2% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

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 13 (2024: 11 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Freehold property improvm'nts	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	57,222	38,028	13,000	53,774	162,024
Additions	–	309	–	15,200	15,509
Disposals	–	–	–	( 5,660)	( 5,660)
	---------	---------	---------	---------	----------
At 31 March 2025	57,222	38,337	13,000	63,314	171,873
	---------	---------	---------	---------	----------
Depreciation
At 1 April 2024	54,457	34,686	13,000	39,549	141,692
Charge for the year	1,953	835	–	4,426	7,214
Disposals	–	–	–	( 5,341)	( 5,341)
	---------	---------	---------	---------	----------
At 31 March 2025	56,410	35,521	13,000	38,634	143,565
	---------	---------	---------	---------	----------
Carrying amount
At 31 March 2025	812	2,816	–	24,680	28,308
	---------	---------	---------	---------	----------
At 31 March 2024	2,765	3,342	–	14,225	20,332
	---------	---------	---------	---------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	128,939	69,760
Other debtors	11,495	20,235
	----------	---------
	140,434	89,995
	----------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	82,787	60,710
Corporation tax	29,371	10,260
Social security and other taxes	33,961	28,765
Other creditors	7,525	3,300
	----------	----------
	163,644	113,035
	----------	----------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,868	12,743
	-------	---------

9. Directors' advances, credits and guarantees

At the beginning of the period, the directors loan account was overdrawn by £12,636. This balance was fully repaid by the directors during the period.

10. Controlling party

The controlling party during the year were the directors.