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Company No: 00660527 (England and Wales)

# PUREWELL ELECTRICAL COMPANY LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

PUREWELL ELECTRICAL COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

PUREWELL ELECTRICAL COMPANY LIMITED

## BALANCE SHEET

As at 28 February 2025
PUREWELL ELECTRICAL COMPANY LIMITED

## BALANCE SHEET (continued)

As at 28 February 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 402,726 |  | 405,738
Investments |  | 1,450 |  | 1,450
|  | 404,176 |  | 407,188
Current assets |  |  |  |
Stocks | 5 | 515,767 |  | 574,387
Debtors | 6 | 142,425 |  | 102,652
Cash at bank and in hand |  | 46,866 |  | 134,687
|  | 705,058 |  | 811,726
Creditors: amounts falling due within one year | 7 | ( 373,997) |  | ( 436,877)
Net current assets |  | 331,061 |  | 374,849
Total assets less current liabilities |  | 735,237 |  | 782,037
Creditors: amounts falling due after more than one year | 8 | ( 400,000) |  | ( 500,000)
Net assets |  | 335,237 |  | 282,037
Capital and reserves |  |  |  |
Called-up share capital | 9 | 1,624 |  | 1,624
Capital redemption reserve |  | 876 |  | 876
Profit and loss account |  | 332,737 |  | 279,537
Total shareholders' funds |  | 335,237 |  | 282,037

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Purewell Electrical Company Limited (registered number: 00660527) were approved and authorised for issue by the Board of Directors on 25 February 2026. They were signed on its behalf by:

I D F Griffiths Director |

PUREWELL ELECTRICAL COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
PUREWELL ELECTRICAL COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Purewell Electrical Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Wilverley Road, Christchurch, BH23 3RU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets | 3 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 10 - 25 years straight line
Plant and machinery | 15 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 12.5 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Depreciation is charged on Fixtures, fittings and computer equipment - 20% on cost and 12.5% on reducing balance

##### Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution value.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 16 |  | 16

#### 3. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 March 2024 | 18,233 |  | 18,233
At 28 February 2025 | 18,233 |  | 18,233
Accumulated amortisation |  |  |
At 01 March 2024 | 18,233 |  | 18,233
At 28 February 2025 | 18,233 |  | 18,233
Net book value |  |  |
At 28 February 2025 | 0 |  | 0
At 29 February 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 March 2024 | 485,592 |  | 260,928 |  | 57,495 |  | 555,968 |  | 1,359,983
Additions | 0 |  | 0 |  | 39,333 |  | 0 |  | 39,333
At 28 February 2025 | 485,592 |  | 260,928 |  | 96,828 |  | 555,968 |  | 1,399,316
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 March 2024 | 187,890 |  | 238,101 |  | 47,488 |  | 480,766 |  | 954,245
Charge for the financial year | 20,265 |  | 3,424 |  | 9,082 |  | 9,574 |  | 42,345
At 28 February 2025 | 208,155 |  | 241,525 |  | 56,570 |  | 490,340 |  | 996,590
Net book value |  |  |  |  |  |  |  |  |
At 28 February 2025 | 277,437 |  | 19,403 |  | 40,258 |  | 65,628 |  | 402,726
At 29 February 2024 | 297,702 |  | 22,827 |  | 10,007 |  | 75,202 |  | 405,738

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 408,108 |  | 423,401
Work in progress | 107,659 |  | 150,986
| 515,767 |  | 574,387

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 99,386 |  | 66,255
Other debtors | 43,039 |  | 36,397
| 142,425 |  | 102,652

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 210,546 |  | 263,577
Other taxation and social security | 70,700 |  | 111,711
Other creditors | 92,751 |  | 61,589
| 373,997 |  | 436,877

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 400,000 |  | 500,000

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
749 Ordinary shares of £ 1.00 each | 749 |  | 749
875 Ordinary A shares of £ 1.00 each | 875 |  | 875
| 1,624 |  | 1,624

#### 10. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £2,263,700 (2024 - £2,431,600).