V.C. Dominey Electrical Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02883631 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

V.C. DOMINEY ELECTRICAL SERVICES LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

-

1

Tangible assets

5

40,563

19,958

40,563

19,959

Current assets

Debtors

6

156,696

73,442

Cash at bank and in hand

584,195

558,724

740,891

632,166

Creditors

Amounts falling due within one year

7

362,011

311,889

Net current assets

378,880

320,277

Total assets less current liabilities

419,443

340,236

Creditors

Amounts falling due after more than one year

8

(4,167

)

(14,167

)

Provisions for liabilities

10

(10,141

)

-

Net assets

405,135

326,069

Capital and reserves

Called up share capital

11

3,300

Retained earnings

401,835

322,769

Shareholders' funds

405,135

326,069

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 23 December 2025 and were signed on its behalf by:

Mr M S Dominey - Director

Mr V C Dominey - Director

1.	Statutory information

V.C. Dominey Electrical Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02883631. The registered office and business address is 26 Victoria Road, Poole, Dorset, England, BH12 3BB.

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 represents amounts receivable in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

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.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

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.

3.	Employees and directors

The average number of employees during the year was 13 (2024 - 11 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

1

Disposals

(1

)

At 31 March 2025

-

Net book value

At 31 March 2025

-

At 31 March 2024

1

5.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

Cost

At 1 April 2024

-

19,719

-

Additions

10,000

-

14,167

Disposals

-

At 31 March 2025

10,000

19,719

14,167

Depreciation

At 1 April 2024

-

17,690

-

Charge for year

2,000

507

3,542

Eliminated on disposal

-

At 31 March 2025

2,000

18,197

3,542

Net book value

At 31 March 2025

8,000

1,522

10,625

At 31 March 2024

-

2,029

-

Motor

Computer

vehicles

equipment

Totals

£

Cost

At 1 April 2024

77,726

34,536

131,981

Additions

8,665

1,230

34,062

Disposals

(2,689

)

-

(2,689

)

At 31 March 2025

83,702

35,766

163,354

Depreciation

At 1 April 2024

60,302

34,031

112,023

Charge for year

6,372

434

12,855

Eliminated on disposal

(2,087

)

-

(2,087

)

At 31 March 2025

64,587

34,465

122,791

Net book value

At 31 March 2025

19,115

1,301

40,563

At 31 March 2024

17,424

505

19,958

6.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

91,822

6,286

Retentions control account

52,653

42,212

VAT

7,612

24,572

Prepayments

4,609

372

156,696

73,442

7.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

10,000

Trade creditors

183,145

139,656

Tax

92,518

73,274

Social security and other taxes

5,528

6,818

Pension

972

-

Other creditors

2,025

9,140

Wages control account

18,969

15,937

Directors' current accounts

44,859

51,417

Accrued expenses

3,995

5,647

362,011

311,889

8.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans - 1-2 years

4,167

10,000

Bank loans - 2-5 years

-

4,167

14,167

9.	Secured debts

All monies due to or to become due to Lloyds Bank PLC are secured by way of a fixed and floating charge over all the assets of the company, dated 15 June 2016.

10.	Provisions for liabilities

2025

2024

£

Deferred tax

10,141

-

Deferred

tax

£

Provided during year

10,141

Balance at 31 March 2025

10,141

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2,000

Ordinary A

£1

2,000

100

B Ordinary

£1

100

C Ordinary

£1

100

D Ordinary

£1

100

1,000

Ordinary E

£1

1,000

3,300

12.	Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.

13.	First year adoption

These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 April 2023.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.