REGISTERED NUMBER: 14466407 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ULYETT ELECTRICAL SERVICES LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

39,083

15,111

Current assets

Stocks

1,705

1,693

Debtors

5

10,532

5,395

Cash at bank

-

5,497

12,237

12,585

Creditors

Amounts falling due within one year

6

24,780

10,678

Net current (liabilities)/assets

(12,543

)

1,907

Total assets less current liabilities

26,540

17,018

Provisions for liabilities

7

5,395

164

Net assets

21,145

16,854

Capital and reserves

Called up share capital

8

100

100

Retained earnings

21,045

16,754

Shareholders' funds

21,145

16,854

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 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mr D L Ulyett - Director

1.	Statutory information

Ulyett Electrical Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14466407. The registered office is Faulkner House, 31 West Street, Wimborne, Dorset, England, BH21 1JS and business address is 2 Westfield Close, Wimborne, BH21 1ES.

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 electrical installation services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 2 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

3,000

1,000

15,000

1,148

20,148

Additions

-

-

37,000

-

37,000

At 31 March 2025

3,000

1,000

52,000

1,148

57,148

Depreciation

At 1 April 2024

750

250

3,750

287

5,037

Charge for year

563

187

12,062

216

13,028

At 31 March 2025

1,313

437

15,812

503

18,065

Net book value

At 31 March 2025

1,687

563

36,188

645

39,083

At 31 March 2024

2,250

750

11,250

861

15,111

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

5,692

1,728

Other debtors

2,450

1,928

Directors' current accounts

-

1,044

Tax

2,390

-

Prepayments

-

695

10,532

5,395

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

467

-

Trade creditors

4,401

2,869

Tax

-

4,950

VAT

-

879

Directors' current accounts

17,932

-

Accruals and deferred income

1,980

1,980

24,780

10,678

7.	Provisions for liabilities

2025

2024

£

£

Deferred tax

5,395

164

Deferred

tax

£

Balance at 1 April 2024

164

Provided during year

5,231

Balance at 31 March 2025

5,395

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	Director's advances, credits and guarantees

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

2025

2024

£

£

Mr D L Ulyett

Balance outstanding at start of year

1,044

-

Amounts advanced

-

1,044

Amounts repaid

(1,044

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,044

At the balance sheet date the Director, Mr Darren Ulyett, owed the company £nil (2024: £1,044).

10.	Ultimate controlling party

The Company is under the control of the Director, by virtue of his 100% holding of the issued voting share capital of the Company.