| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2025 |
| for |
| Integral Electrical Solutions Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2025 |
| for |
| Integral Electrical Solutions Limited |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Contents of the Financial Statements |
| for the year ended 30 April 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 9 |
| Integral Electrical Solutions Limited |
| Company Information |
| for the year ended 30 April 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Pacioli House |
| 9 Brookfield |
| Duncan Close |
| Northampton |
| Northamptonshire |
| NN3 6WL |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Balance Sheet |
| 30 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Balance Sheet - continued |
| 30 April 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Notes to the Financial Statements |
| for the year ended 30 April 2025 |
| 1. | STATUTORY INFORMATION |
| Integral Electrical Solutions Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 Section 1A") and with the Companies Act 2006. The financial statements have been prepared under the historical cost basis. |
| The financial statements are presented in Sterling (£) and cover the period to the 30th April each year. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover represents the installation of electrical systems. |
| Tangible fixed assets |
| Freehold property | - |
| Freehold improvements | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Work in progress |
| Work in progress is based on applications for payment that have been made but have yet to be agreed, paid and invoiced. These are ascertained in a manner appropriate to the stage of completion of the contract, and credit taken for profit earned where the outcome of work under contract can be assessed with reasonable certainty. Stage of completion is measured by completing surveys of work done. All foreseeable losses are provided for in full. |
| Trade and other debtors |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate 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 undiscounted cost less impairment losses for bad and doubtful debts. |
| 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 undiscounted cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Freehold | Plant and |
| property | improvements | machinery |
| £ | £ | £ |
| COST |
| At 1 May 2024 |
| Additions |
| Disposals | ( |
) |
| At 30 April 2025 |
| DEPRECIATION |
| At 1 May 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 April 2025 |
| DEPRECIATION |
| At 1 May 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 May 2024 |
| Additions |
| At 30 April 2025 |
| DEPRECIATION |
| At 1 May 2024 |
| Charge for year |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 30 April 2024 |
| 5. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Work-in-progress |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Debentures | 148,694 | 160,454 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Debentures |
| Other loans |
| Hire purchase contracts | 217,848 | 134,669 |
| The hire purchase contracts are secured on the assets they finance. The contracts bear interest from 0.00% to 5.61%. |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 10. | FINANCIAL INSTRUMENTS |
| The company does not have significant exposure to foreign currency, liquidity and cash flow risks due to the nature of its trade. Exposure to interest rate, credit and market risks arise in the normal course of the company's business. These risks are limited by the company's financial management policies and practices described below. |
| Interest rate risk |
| The company is exposed to interest rate risk on its hire purchase contracts and bank borrowings. This risk is limited by negotiating the best fixed rate terms achievable, crystallising the risk and removing the sensitivity to a change in rates. |
| Credit risk |
| The company has exposure to credit risks predominately emanating from its customers. The company's exposure and its customers credit worthiness is monitored so that any potential problems are detected at an early stage. Regular billing helps to ensure that the exposure to credit risk is minimised. |
| Market risk |
| There is a market risk associated with the fluctuation in demand for the services provided by the company. Most of this is mitigated by monitoring the markets to ensure that overheads and costs are tailored to the demand for the services offered. |
| The company holds no derivative financial instruments at the year end. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 85,425 | 76,341 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2024 |
| Provided during year |
| Balance at 30 April 2025 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary A | £1 | 120 | 120 |
| Ordinary B | £1 | 2 | 2 |
| 122 | 122 |
| 13. | PENSION COMMITMENTS |
| The company operates a defined contribution, auto enrolment, pension scheme for all its qualifying employees. The total expense charged to the profit and loss account in the period ended 30th April, 2025 was £13,738 (2024: £8,397). The amount outstanding as at the year end was £2,819 (2024: £2,430). |
| Integral Electrical Solutions Limited (Registered number: 10139821) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 14. | CONTINGENT LIABILITIES |
| There is a contingent liability in respect of a debenture in favour of HSBC UK Bank plc dated 6th April 2021, incorporating a fixed and floating charge over all current and future assets of the company and a negative pledge. |
| There is a second contingent liability in respect of a debenture in favour of HSBC UK Bank plc dated 18th June 2021, incorporating a legal mortgage over the freehold property known as Church of St Anselm, Churchill Road, Earls Barton, Northampton and containing a negative pledge. |
| 15. | RELATED PARTY DISCLOSURES |
| All material related party transactions with owners holding a participating interest were concluded under normal market conditions. |