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Company No: 11654733 (England and Wales)

# HOLMES CR ELECTRICS LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

HOLMES CR ELECTRICS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

HOLMES CR ELECTRICS LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
HOLMES CR ELECTRICS LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

DIRECTOR | C Holmes

SECRETARY | K J Holmes

REGISTERED OFFICE | Salatin House
| 19 Cedar Road
| Sutton
| SM2 5DA
| United Kingdom

COMPANY NUMBER | 11654733 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Salatin House
| 19 Cedar Road
| Sutton
| SM2 5DA

HOLMES CR ELECTRICS LIMITED

## STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025
HOLMES CR ELECTRICS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 MARCH 2025

| Note | 31.03.2025 |  | 31.03.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 7,180 |  | 9,101
|  | 7,180 |  | 9,101
Current assets |  |  |  |
Debtors | 4 | 44,726 |  | 44,634
Cash at bank and in hand | 5 | 829 |  | 872
|  | 45,555 |  | 45,506
Creditors: amounts falling due within one year | 6 | ( 39,966) |  | ( 38,547)
Net current assets |  | 5,589 |  | 6,959
Total assets less current liabilities |  | 12,769 |  | 16,060
Creditors: amounts falling due after more than one year | 7 | ( 12,621) |  | ( 15,969)
Net assets |  | 148 |  | 91
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | 48 |  | ( 9 )
Total shareholders' funds |  | 148 |  | 91

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Income Statement has not been delivered.

The financial statements of Holmes CR Electrics Limited (registered number: 11654733) were approved and authorised for issue by the Director on 20 March 2026. They were signed on its behalf by:

C Holmes Director |

HOLMES CR ELECTRICS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
HOLMES CR ELECTRICS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 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

Holmes CR Electrics 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 Salatin House, 19 Cedar Road, Sutton, SM2 5DA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
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.

##### 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:

Plant and machinery etc. | 10 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest 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 cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

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 creditors: amounts falling due within one year.

##### 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 cost.

##### 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 31.03.2025 |  | 31.03.2024
| Number |  | Number
Average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 21,593 |  | 21,593
At 31 March 2025 | 21,593 |  | 21,593
Accumulated depreciation |  |  |
At 01 April 2024 | 12,492 |  | 12,492
Charge for the financial year | 1,921 |  | 1,921
At 31 March 2025 | 14,413 |  | 14,413
Net book value |  |  |
At 31 March 2025 | 7,180 |  | 7,180
At 31 March 2024 | 9,101 |  | 9,101

#### 4. Debtors

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Trade debtors | 715 |  | 10,605
Other debtors | 44,011 |  | 34,029
| 44,726 |  | 44,634

Included in other debtors is an amount of £37,447 (2024: £29,985) owed by the director C Holmes. Interest of £862 was charged on the overdrawn loan account at the HMRC approved rate of 2.25% .

#### 5. Cash and cash equivalents

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Cash at bank and in hand | 829 |  | 872

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

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Bank loans | 3,522 |  | 3,251
Accruals | 1,500 |  | 4,199
Taxation and social security | 16,161 |  | 12,652
Other creditors | 18,783 |  | 18,445
| 39,966 |  | 38,547

Bank loans disclosed as falling due within one year is unsecured with interest charged at 2.5%.

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

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Bank loans | 12,621 |  | 15,969

Bank loans disclosed as falling due after more than one year is unsecured with interest charged at 2.5%.

#### 8. Called-up share capital

| 31.03.2025 |  | 31.03.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
80 A shares ordinary shares of £ 1.00 each | 80 |  | 80
20 B shares ordinary shares of £ 1.00 each | 20 |  | 20
| 100 |  | 100