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COMPANY REGISTRATION NUMBER: 12672254

GMW Electrical Services Ltd

Filleted Unaudited Financial Statements

30 June 2025

GMW Electrical Services Ltd

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 30,000 | 36,000
Tangible assets | 6 | 60,876 | 58,981
| -------- | --------
| 90,876 | 94,981

Current assets

Debtors | 7 | 96,661 | 228,936
Cash at bank and in hand | 644,098 | 390,507
| --------- | ---------
| 740,759 | 619,443

Creditors: amounts falling due within one year | 8 | 327,668 | 291,395
| --------- | ---------
Net current assets | 413,091 | 328,048
| --------- | ---------
Total assets less current liabilities | 503,967 | 423,029

Provisions

Taxation including deferred tax | 15,219 | 14,596
| --------- | ---------
Net assets | 488,748 | 408,433
| --------- | ---------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 488,648 | 408,333
| --------- | ---------
Shareholders funds | 488,748 | 408,433
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GMW Electrical Services Ltd

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 13 March 2026 , and are signed on behalf of the board by:

Mr G Walklate | Mrs R E Walklate
Director | Director

Company registration number: 12672254

GMW Electrical Services Ltd

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 26, Newcastle Enterprise Centre, Knutton, Newcastle, Staffs, ST5 6 BX, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% reducing balance
| Fixtures and fittings | - | 20% reducing balance
| Motor vehicles | - | 25% reducing balance
| Equipment | - | 33% straight line

Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 5 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 July 2024 and 30 June 2025 | 60,000
| --------
Amortisation |
At 1 July 2024 | 24,000
Charge for the year | 6,000
| --------
At 30 June 2025 | 30,000
| --------
Carrying amount |
At 30 June 2025 | 30,000
| --------
At 30 June 2024 | 36,000
| --------

6. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 July 2024 | 9,709 | 1,994 | 98,012 | 3,535 | 113,250
Additions | 6,672 | – | 54,568 | – | 61,240
Disposals | – | – | ( 71,551) | – | ( 71,551)
| -------- | ------- | -------- | ------- | ---------
At 30 June 2025 | 16,381 | 1,994 | 81,029 | 3,535 | 102,939
| -------- | ------- | -------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 July 2024 | 3,409 | 493 | 46,601 | 3,016 | 53,519
Charge for the year | 2,595 | 300 | 16,433 | 519 | 19,847
Disposals | – | – | ( 31,303) | – | ( 31,303)
| -------- | ------- | -------- | ------- | ---------
At 30 June 2025 | 6,004 | 793 | 31,731 | 3,535 | 42,063
| -------- | ------- | -------- | ------- | ---------
Carrying amount |  |  |  |  |
At 30 June 2025 | 10,377 | 1,201 | 49,298 | – | 60,876
| -------- | ------- | -------- | ------- | ---------
At 30 June 2024 | 6,300 | 1,501 | 51,411 | 519 | 59,731
| -------- | ------- | -------- | ------- | ---------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 35,264 | 192,195
Other debtors | 61,397 | 36,741
| -------- | ---------
| 96,661 | 228,936
| -------- | ---------

The debtors above include the following amounts falling due after more than one year:

| 2025 | 2024
| £ | £
Other debtors | 40,000 | –
| -------- | ----

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 41,281
Trade creditors | 233,291 | 190,339
Social security and other taxes | 81,594 | 53,488
Other creditors | 12,783 | 6,287
| --------- | ---------
| 327,668 | 291,395
| --------- | ---------

9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 8,722 | 12,405
Later than 1 year and not later than 5 years | 15,265 | –
| -------- | --------
| 23,987 | 12,405
| -------- | --------

10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr G Walklate | ( 1,136) | 80,250 | ( 87,900) | ( 8,786)
| Mrs R E Walklate | ( 2,000) | 67,504 | ( 66,000) | ( 496)
|  | ------- | --------- | --------- | -------
|  | ( 3,136) | 147,754 | ( 153,900) | ( 9,282)
|  | ------- | --------- | --------- | -------

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr G Walklate | ( 7,595) | 109,341 | ( 102,882) | ( 1,136)
| Mrs R E Walklate | – | 54,000 | ( 56,000) | ( 2,000)
|  | ------- | --------- | --------- | -------
|  | ( 7,595) | 163,341 | ( 158,882) | ( 3,136)
|  | ------- | --------- | --------- | -------

11. Related party transactions
Throughout the current period the company was under control of Mr G M Walklate. The directors' loan accounts are interest free and repayable on demand. Other debtors due in more than 12 months is an interest free loan to another company under the control of Mr G Walklate .