Southwell Electrical Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12487197

SOUTHWELL ELECTRICAL SERVICES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

SOUTHWELL ELECTRICAL SERVICES LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	100,438	110,460

Current assets

Debtors	6	51,899	285,025
Cash at bank and in hand		165,764	123,128
		----------	----------
		217,663	408,153

Creditors: amounts falling due within one year	7	( 151,173)	( 287,932)
		----------	----------
Net current assets		66,490	120,221
		----------	----------
Total assets less current liabilities		166,928	230,681

Creditors: amounts falling due after more than one year	8	( 11,862)	( 29,834)

Provisions	( 25,063)	( 27,614)
	----------	----------
Net assets	130,003	173,233
	----------	----------

Capital and reserves

Called up share capital	1	1
Profit and loss account	130,002	173,232
	----------	----------
Shareholders funds	130,003	173,233
	----------	----------

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 income and retained earnings 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 .

SOUTHWELL ELECTRICAL SERVICES LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

D A Leigh

Director

Company registration number: 12487197

SOUTHWELL ELECTRICAL SERVICES LTD

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 2a Birch House, Ransom Wood Business Park, Mansfield, Notts, NG21 0HJ, 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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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:

Plant and machinery	-	20% reducing balance
Motor vehicles	-	20% reducing balance
Equipment	-	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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

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 10 (2024: 9 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	31,312	115,626	8,610	155,548
Additions	306	9,599	4,750	14,655
	---------	----------	---------	----------
At 31 March 2025	31,618	125,225	13,360	170,203
	---------	----------	---------	----------
Depreciation
At 1 April 2024	7,796	35,454	1,838	45,088
Charge for the year	5,943	16,674	2,060	24,677
	---------	----------	---------	----------
At 31 March 2025	13,739	52,128	3,898	69,765
	---------	----------	---------	----------
Carrying amount
At 31 March 2025	17,879	73,097	9,462	100,438
	---------	----------	---------	----------
At 31 March 2024	23,516	80,172	6,772	110,460
	---------	----------	---------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	49,437	268,168
Other debtors	2,462	16,857
	---------	----------
	51,899	285,025
	---------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	106,035	124,812
Corporation tax	11,030	40,463
Social security and other taxes	6,454	18,731
Other creditors	27,654	103,926
	----------	----------
	151,173	287,932
	----------	----------

Included within other creditors is £11,862 (2024 - £8,843) in relation to hire purchase liabilities. These liabilities are secure on the assets to which the agreements relate.

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

	2025	2024
	£	£
Other creditors	11,862	29,834
	---------	---------

Included within other creditors is £17,973 (2024 - £29,834) in relation to hire purchase liabilities. These liabilities are secure on the assets to which the agreements relate.

9. Controlling party

The parent company is L & H Investments Limited and is under the control of the directors.