Company No: 04042557 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	13,697		16,717
		13,697		16,717
Current assets
Stocks	4	2,300		7,000
Debtors	5	33,850		30,593
Cash at bank and in hand	6	27,537		42,244
		63,687		79,837
Creditors: amounts falling due within one year	7	( 73,937)		( 71,734)
Net current (liabilities)/assets		(10,250)		8,103
Total assets less current liabilities		3,447		24,820
Creditors: amounts falling due after more than one year	8	( 2,903)		( 10,919)
Provision for liabilities		( 2,712)		( 4,180)
Net (liabilities)/assets		( 2,168)		9,721
Capital and reserves
Called-up share capital		200		200
Profit and loss account		( 2,368 )		9,521
Total shareholders' (deficit)/funds		( 2,168)		9,721

For the financial year ending 31 July 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pye Hill Electrical Ltd (registered number: 04042557) were approved and authorised for issue by the Board of Directors on 17 December 2025. They were signed on its behalf by:

Mr S Coward Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pye Hill Electrical Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	20 % reducing balance
Computer equipment	20 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Tangible assets

	Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£
Cost
At 01 August 2024	2,601		36,020		5,546		44,167
Additions	0		0		370		370
At 31 July 2025	2,601		36,020		5,916		44,537
Accumulated depreciation
At 01 August 2024	2,528		20,524		4,398		27,450
Charge for the financial year	18		3,099		273		3,390
At 31 July 2025	2,546		23,623		4,671		30,840
Net book value
At 31 July 2025	55		12,397		1,245		13,697
At 31 July 2024	73		15,496		1,148		16,717

4. Stocks

	2025		2024
	£		£
Stocks	2,300		7,000

5. Debtors

	2025		2024
	£		£
Trade debtors	32,197		25,819
Corporation tax	553		0
Other debtors	1,100		4,774
	33,850		30,593

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	20,537		32,999
Short-term deposits	7,000		9,245
	27,537		42,244

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	4,000		4,779
Trade creditors	25,878		25,335
CIS withheld	1,410		1,234
Taxation and social security	16,251		18,922
Obligations under finance leases and hire purchase contracts (secured)	2,597		2,597
Other creditors	23,801		18,867
	73,937		71,734

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

	2025		2024
	£		£
Bank loans	0		5,419
Obligations under finance leases and hire purchase contracts (secured)	2,903		5,500
	2,903		10,919

Obligations under finance leases and hire purchase contracts are secured by a fixed charge over the assets to which they relate.