| Sam Norbron Electrical Services Ltd |
| Registered Number:08798733 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Sam Norbron Electrical Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Sam Norbron Electrical Services Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
35,087
44,149
2
35,087
44,149
| Trade and other receivables |
322,557
272,063
3
26,041
| Cash and cash equivalents |
-
272,063
348,598
| Trade and other payables: amounts falling due within one |
| year |
(60,072)
(58,656)
4
288,526
213,407
Net current assets
| Total assets less current liabilities |
248,494
332,675
| Trade and other payables: amounts falling due after more |
| than one year |
(10,624)
(2,803)
5
(6,600)
(8,300)
| Provisions for liabilities |
239,091
Net assets
313,751
100
100
238,991
313,651
239,091
313,751
Shareholders' funds
| For the year ended 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 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 proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
Sam Norbron Electrical Services Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 30 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Sam Norbron Electrical Services Ltd
Notes to the Financial Statements
Statutory Information
| Sam Norbron Electrical Services Ltd is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 08798733. |
35 Ecclesall Road South
Sheffield
S11 9BP
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
| the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Office equipment
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
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For the year ended 31 March 2025
Sam Norbron Electrical Services Ltd
Notes to the Financial Statements Continued
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits. |
| 2. Property, plant and equipment |
Motor vehicles
112,170
69,306
28,292
14,572
500
-
-
500
15,072
28,292
69,306
112,670
| Provision for depreciation and impairment |
68,021
45,867
10,610
11,544
Charge for year
9,562
4,688
4,420
454
77,583
50,555
15,030
11,998
3,074
13,262
18,751
35,087
3,028
17,682
23,439
44,149
| 3. Trade and other receivables |
2024
2025
11,965
69,787
260,098
252,770
322,557
272,063
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For the year ended 31 March 2025
Sam Norbron Electrical Services Ltd
Notes to the Financial Statements Continued
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
9,569
-
2,744
5,470
| Taxation and social security |
23,300
33,580
23,043
21,022
58,656
60,072
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
2,803
10,624
| 6. Related party transactions |
| The director is also a shareholder of the company. Dividends paid to Mr.S.W.Norbron, as director and |
| shareholder of the company, during the year (with the previous year shown in brackets) were £34,000 |
| (£41,000). |
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 2)
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