Unaudited Financial Statements for the Year Ended 30 September 2025

for

Industrial Electrical Networks Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Galeotti

SECRETARY:

REGISTERED OFFICE:

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

REGISTERED NUMBER:

05518128 (England and Wales)

ACCOUNTANTS:

Peter Upton

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

FIXED ASSETS

Tangible assets

4

879

3,484

CURRENT ASSETS

Stocks

5

13,281

14,882

Debtors

6

37,328

55,936

Cash at bank

137,018

138,572

187,627

209,390

CREDITORS

Amounts falling due within one year

7

116,300

109,825

NET CURRENT ASSETS

71,327

99,565

TOTAL ASSETS LESS CURRENT LIABILITIES

72,206

103,049

CREDITORS

Amounts falling due after more than one year

8

-

(7,009

)

PROVISIONS FOR LIABILITIES

9

(167

)

(662

)

NET ASSETS

72,039

95,378

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

71,939

95,278

SHAREHOLDERS' FUNDS

72,039

95,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2026 and were signed by:

J Galeotti - Director

1.	STATUTORY INFORMATION

Industrial Electrical Networks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transitions value and subsequently measured at their settlement value.

Exchange rates

Foreign currency transactions are translated into pounds sterling using the exchange rate in operation at the date at which the transaction occurred. Foreign currency assets and liabilities at the balance sheet dates are translated into pounds sterling at the exchange rate in operation at that date. Foreign exchange differences arising on translation are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office &

Plant and

and

Motor

sundry

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

18,925

3,319

17,169

6,311

45,724

Exchange differences

247

43

224

82

596

At 30 September 2025

19,172

3,362

17,393

6,393

46,320

DEPRECIATION

At 1 October 2024

16,356

3,319

17,169

5,396

42,240

Charge for year

2,060

-

-

529

2,589

Exchange differences

262

43

224

83

612

At 30 September 2025

18,678

3,362

17,393

6,008

45,441

NET BOOK VALUE

At 30 September 2025

494

-

-

385

879

At 30 September 2024

2,569

-

-

915

3,484

5.

STOCKS

30.9.25

30.9.24

£

£

Stocks

13,281

14,882

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

29,397

49,467

Other debtors

4,994

3,590

Prepayments

2,937

2,879

37,328

55,936

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

1,978

6,890

Social security and other taxes

16,283

14,639

VAT

5,428

8,386

Other creditors

41,435

28,867

Directors' current accounts

48,284

48,178

Accrued expenses

2,892

2,865

116,300

109,825

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Deferred income

-

7,009

9.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

167

662

Deferred

tax

£

Balance at 1 October 2024

662

Provided during year

(495

)

Balance at 30 September 2025

167

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 October 2024

95,278

Deficit for the year

(15,504

)

Dividends

(7,835

)

At 30 September 2025

71,939