Company Registration No. 10034561 (England and Wales)
Garnett Electrical (Scarborough) Ltd
Unaudited accounts
for the year ended 31 March 2025
Garnett Electrical (Scarborough) Ltd
Unaudited accounts
Contents
Garnett Electrical (Scarborough) Ltd
Company Information
for the year ended 31 March 2025
Directors
Lewis Salvatore Garnett
Hayley Suzanne Garnett
Company Number
10034561 (England and Wales)
Registered Office
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
United Kingdom
Accountants
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
Garnett Electrical (Scarborough) Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
1,000
2,000
Tangible assets
28,630
6,944
Cash at bank and in hand
28,686
5,593
Creditors: amounts falling due within one year
(66,616)
(60,755)
Net current assets
42,930
44,953
Total assets less current liabilities
72,560
53,897
Creditors: amounts falling due after more than one year
(7,098)
-
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
59,832
52,945
Shareholders' funds
59,932
53,045
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
Lewis Salvatore Garnett
Director
Company Registration No. 10034561
Garnett Electrical (Scarborough) Ltd
Notes to the Accounts
for the year ended 31 March 2025
Garnett Electrical (Scarborough) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10034561. The registered office is Europa House, 20 Esplanade, Scarborough, North Yorkshire, YO11 2AQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories and have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress is valued based on the percentage completion of work at the year end
Garnett Electrical (Scarborough) Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
3,955
31,335
2,885
38,175
Additions
-
23,750
-
23,750
At 31 March 2025
3,955
55,085
2,885
61,925
At 1 April 2024
1,867
26,645
2,719
31,231
Charge for the year
313
1,668
83
2,064
At 31 March 2025
2,180
28,313
2,802
33,295
At 31 March 2025
1,775
26,772
83
28,630
At 31 March 2024
2,088
4,690
166
6,944
Amounts falling due within one year
Trade debtors
27,918
22,455
Accrued income and prepayments
1,228
770
Other debtors
34,460
34,460
Garnett Electrical (Scarborough) Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
16,393
25,892
Obligations under finance leases and hire purchase contracts
2,902
-
Trade creditors
21,252
24,842
Taxes and social security
9,957
7,166
Loans from directors
619
961
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
7,098
-
9
Transactions with related parties
During the year the company loaned monies to Garnett Estates Ltd. The amount owed to the company at the year was £34,460 (2024 £34,460). The loan is repayable on demand and is interest free.
10
Average number of employees
During the year the average number of employees was 4 (2024: 5).