Reset Electrical Services Limited

FINANCIAL STATEMENTS

for the year ended 30th June 2025

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Reset Electrical Services Limited

Company No. 12643344

STATEMENT OF FINANCIAL POSITION

as at 30th June 2025

| 2025 |  | 2024
| Note | £ |  | £ |  | £
FIXED ASSETS
Property, plant and equipment | 4 |  |  | 100356 |  | 80322
|  |  |  | 100356 |  | 80322
CURRENT ASSETS
Debtors | 5 | 57627 |  |  |  | 106931
Cash at bank and in hand |  | 79720 |  |  |  | 13895
|  | 137347 |  |  |  | 120826
CURRENT LIABILITIES
Creditors: amounts falling due
within one year | 6 | 143715 |  |  |  | 137324
NET CURRENT LIABILITIES |  |  |  | (6368) |  | (16498)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  | 93988 |  | 63824
Creditors: amounts falling due
after more than one year | 7 |  |  | 59679 |  | 32681
NET ASSETS |  |  |  | 34309 |  | 31143
CAPITAL AND RESERVES
Called up share capital |  |  |  | 4 |  | 4
Retained earnings |  |  |  | 34305 |  | 31139
SHAREHOLDERS FUNDS |  |  |  | 34309 |  | 31143

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th June 2025 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 11 November 2025

Wise R

Director

Company Number 12643344 (England)

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Reset Electrical Services Limited

NOTES TO THE ACCOUNTS

for the year ended 30th June 2025

1 Statutory information

Reset Electrical Services Limited is a private company limited by shares and registered under company number 12643344 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2 Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles | 25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3 Employee information

The average number of employees during the accounting period was 4 (2024 - 4).

4 Property, plant and equipment
|  |  |  |  | Plant |  | Fixtures |  |
|  |  | Motor |  | and |  | and |  |
|  |  | Vehicles |  | Machinery |  | Fittings |  | Total
|  |  | £ |  | £ |  | £ |  | £
Cost
At 1st July 2024 |  |  | 75602 |  | 25292 |  | 9767 |  | 110661
Additions |  |  | 34402 |  | 3723 |  | - |  | 38125
At 30th June 2025 |  |  | 110004 |  | 29015 |  | 9767 |  | 148786
Depreciation
At 1st July 2024 |  |  | 21977 |  | 6474 |  | 1888 |  | 30339
Charge for year |  |  | 12007 |  | 4508 |  | 1576 |  | 18091
At 30th June 2025 |  |  | 33984 |  | 10982 |  | 3464 |  | 48430
Net Book Value
At 30th June 2025 |  |  | 76020 |  | 18033 |  | 6303 |  | 100356
At 30th June 2024 |  |  | 53625 |  | 18818 |  | 7879 |  | 80322
Net book value of assets included above held
under finance leases and hire purchase contracts
At 30th June 2025 |  |  | 50312 |  | - |  | - |  | 50312
At 30th June 2024 |  |  | 32681 |  | - |  | - |  | 32681

5 Debtors | 2025 |  | 2024
| £ |  | £
Trade Debtors | 57437 |  | 56931
Other debtors | 190 |  | 50000
| 57627 |  | 106931

6 Creditors: amounts falling due within one year | 2025 |  | 2024
| £ |  | £
Obligations under finance lease and hire purchase contracts | 5890 |  | 5890
Trade Creditors | 94492 |  | 41192
Corporation tax | 4488 |  | 3163
Taxes and social security costs | 1025 |  | 1820
Other creditors | 22805 |  | 34219
Accruals and deferred income | 15015 |  | 51040
| 143715 |  | 137324

7 Creditors: amounts falling due after one year | 2025 |  | 2024
| £ |  | £
Obligations under finance lease and hire purchase contracts | 59679 |  | 32681
| 59679 |  | 32681

8 Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

| 2025 |  | 2024
| £ |  | £
Wise R | 221 |  | 11966
| 221 |  | 11966

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