Company registration number 04411165 (England and Wales)
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
44,390
45,624
Current assets
Stocks
61,276
85,847
Debtors
5
127,165
249,129
Investments
6
-
0
295,542
Cash at bank and in hand
90,293
460,388
278,734
1,090,906
Creditors: amounts falling due within one year
7
(173,234)
(181,377)
Net current assets
105,500
909,529
Total assets less current liabilities
149,890
955,153
Provisions for liabilities
(10,151)
(21,059)
Net assets
139,739
934,094
Capital and reserves
Called up share capital
8
-
0
2
Capital redemption reserve
2
-
0
Profit and loss reserves
139,737
934,092
Total equity
139,739
934,094
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 March 2026 and are signed on its behalf by:
Mr D G Bushell
Director
Company registration number 04411165 (England and Wales)
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
As restated for the period ended 30 June 2024:
Balance at 1 July 2023
2
-
0
796,539
796,541
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
200,123
200,123
Dividends
-
-
(62,570)
(62,570)
Balance at 30 June 2024
2
-
0
934,092
934,094
Year ended 30 June 2025:
Profit and total comprehensive income
-
-
211,092
211,092
Dividends
-
-
(34,447)
(34,447)
Own shares acquired
-
-
(971,000)
(971,000)
Redemption of shares
8
-
0
2
-
0
2
Reduction of shares
8
(2)
-
-
0
(2)
Balance at 30 June 2025
-
0
2
139,737
139,739
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

David G Bushell (Electrical Contractors) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kirkhead View, 104 Main Street, Flookburgh, Grange over Sands, LA11 7LB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation charged
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
9
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
40,000
Amortisation and impairment
At 1 July 2024 and 30 June 2025
40,000
Carrying amount
At 30 June 2025
-
0
At 30 June 2024
-
0
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2024
3,359
130,274
133,633
Additions
-
0
10,390
10,390
At 30 June 2025
3,359
140,664
144,023
Depreciation and impairment
At 1 July 2024
-
0
88,009
88,009
Depreciation charged in the year
-
0
11,624
11,624
At 30 June 2025
-
0
99,633
99,633
Carrying amount
At 30 June 2025
3,359
41,031
44,390
At 30 June 2024
3,359
42,265
45,624
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
122,200
222,894
Other debtors
4,965
26,235
127,165
249,129
DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
6
Current asset investments
2025
2024
£
£
Other investments
-
0
295,542
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
60,282
70,529
Taxation and social security
107,660
103,317
Other creditors
5,292
7,531
173,234
181,377
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
85 Ordinary 'A' share of 1p each
-
0.85
85 Ordinary 'B' share of 1p each
-
0.85
10 Ordinary 'C' share of 1p each
0.10
0.10
10 Ordinary 'D' share of 1p each
0.10
0.10
10 Ordinary 'E' share of 1p each
0.10
0.10
0.30
2.00

All classes of ordinary shares rank pari passu in all respects save that the directors may declare a dividend on one class of share and not on another class.

On 23 October 2024, £1.70 of 'A' and 'B' shares were cancelled and removed from the company's share capital.

9
Prior period adjustment

P rior period adjustment to correct the dividends paid in line with the associated dividend paperwork.

DAVID G BUSHELL (ELECTRICAL CONTRACTORS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
9
Prior period adjustment
(Continued)
- 9 -
Reconciliation of changes in equity
1 July
30 June
2023
2024
£
£
Adjustments to prior year
Directors loan balance
-
(30,000)
Equity as previously reported
796,541
964,094
Equity as adjusted
796,541
934,094
Analysis of the effect upon equity
Profit and loss reserves
-
(30,000)
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