ElectrAssure Limited - Filleted accounts

Registered number

05305052

ElectrAssure Limited

Unaudited Filleted Accounts

30 June 2025

ElectrAssure Limited
Registered number:		05305052
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		171,339			157,921
Investments	5		-			100
			171,339			158,021

Current assets
Stocks		105,200			189,606
Debtors	6	667,058			953,927
Cash at bank and in hand		353,718			1,013,078
		1,125,976			2,156,611

Creditors: amounts falling due within one year	7	(662,904)			(1,800,738)

Net current assets			463,072			355,873

Total assets less current liabilities			634,411			513,894

Creditors: amounts falling due after more than one year	8		(264,136)			(100,518)

Provisions for liabilities			(30,457)			(34,737)


Net assets			339,818			378,639

Capital and reserves
Called up share capital			70			150
Capital redemption reserve	10		80			-
Profit and loss account			339,668			378,489

Shareholders' funds			339,818			378,639

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr A Davies
Director
Approved by the board on 24 September 2025

ElectrAssure Limited
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are stated in sterling.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Right of use assets			over lease term
	Motor vehicles			over 4 years or lease term
	Plant and machinery			over 3 years
	Fixtures, fittings, tools and equipment			over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Any losses arising from impairment are recognised in the profit and loss account under administrative expenses.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					17		16


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 July 2024							23,000
	At 30 June 2025							23,000

	Amortisation
	At 1 July 2024							23,000
	At 30 June 2025							23,000

	Net book value
	At 30 June 2025							-




4	Tangible fixed assets
		Right of use assets		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	27,279		49,724		126,032		203,035
	Additions	37,500		5,488		37,109		80,097
	Disposals	-		(3,268)		-		(3,268)
	At 30 June 2025	64,779		51,944		163,141		279,864

	Depreciation
	At 1 July 2024	8,203		29,269		7,642		45,114
	Charge for the year	6,963		12,619		46,751		66,333
	On disposals	-		(2,922)		-		(2,922)
	At 30 June 2025	15,166		38,966		54,393		108,525

	Net book value
	At 30 June 2025	49,613		12,978		108,748		171,339
	At 30 June 2024	19,076		20,455		118,390		157,921


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 July 2024							100
	Disposals							(100)

	At 30 June 2025							-


6	Debtors					2025		2024
£							£

	Trade debtors					45,155		408,287
	Other debtors					621,903		545,640
						667,058		953,927


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					74,355		52,474
	Obligations under finance lease and hire purchase contracts					40,827		20,743
	Trade creditors					89,670		530,380
	Taxation and social security costs					170,281		130,044
	Other creditors					287,771		1,067,097
						662,904		1,800,738


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					150,939		18,697
	Obligations under finance lease and hire purchase contracts					113,197		81,821
						264,136		100,518


9	Called up share capital

	On 11 September 2024 the company passed a resolution to buy back 80 Ordinary A £1 Shares from existing shareholders at a consideration of £256,000. The purchase took place out of retained profits and £80 was transferred from the profit and loss account to the capital redemption reserve to maintain the capital.


10	Capital redemption reserve					2025		2024
£							£

	At 1 July 2024					-		-
	Transfer from profit and loss account to maintain capital					80		-

	At 30 June 2025					80		-


11	Events after the reporting date

	On 1 July 2025 the company bought back a further 20 Ordinary A £1 Shares from existing shareholders for £64,000.


12	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					178,526		287,300


13	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr A Davies
	Loans of £40,700 in aggregate (2024 - £2,194). £40,200 was repaid in aggregate (2024 - £2,000) . Maximum outstanding during the period was £40,578 (2024 - £2,194). Interest free, unsecured and repayable on demand.	194		40,707		(40,200)		701

		194		40,707		(40,200)		701


14	Related party transactions

	The shareholders of ElectrAssure Limited also control another company. During the year ElectrAssure Limited made loans to the other company amounting to £136,400 (2024 - £Nil) in total, which were outstanding at the balance sheet date. The loans have no fixed repayment terms and are interest free.


15	Other information

	ElectrAssure Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Exeter House
	1 Amoy Way
	Letchworth Garden City
	Hertfordshire
	SG6 1UG