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Registration number: 08626492

Coly Electrical Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 July 2025

Coly Electrical Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Abridged Balance Sheet | 4 to 5
Notes to the Unaudited Abridged Financial Statements | 6 to 10

Coly Electrical Ltd

Company Information

Directors | Mrs Karen Eyre Mr Jonathan Eyre Mr Thomas William Chown

Registered office | Elwy Cownhayne Lane Colyton Devon EX24 6HD

Accountants | CRW Accountants Ltd The Mews Queen Street Colyton Devon EX24 6JU

Coly Electrical Ltd

Directors' Report for the Year Ended 31 July 2025

The directors present their report and the abridged financial statements for the year ended 31 July 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs Karen Eyre

Mr Jonathan Eyre

Mr Thomas William Chown

Principal activity

The principal activity of the company is provision of electrical contractor services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 7 April 2026 and signed on its behalf by:

Mr Jonathan Eyre Director |  |

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Coly Electrical Ltd
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Coly Electrical Ltd for the year ended 31 July 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Coly Electrical Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Coly Electrical Ltd and state those matters that we have agreed to state to the Board of Directors of Coly Electrical Ltd, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coly Electrical Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Coly Electrical Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Coly Electrical Ltd. You consider that Coly Electrical Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Coly Electrical Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

7 April 2026

Coly Electrical Ltd

(Registration number: 08626492)
Abridged Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 23,728 | 20,890
Current assets |  |  |
Stocks | 5 | 32,589 | 27,415
Debtors | 6 | 82,464 | 24,040
Cash at bank and in hand |  | 60,045 | 94,899
|  | 175,098 | 146,354
Creditors: Amounts falling due within one year |  | (178,713) | (119,099)
Net current (liabilities)/assets |  | (3,615) | 27,255
Total assets less current liabilities |  | 20,113 | 48,145
Accruals and deferred income |  | (2,781) | (2,730)
Net assets |  | 17,332 | 45,415
Capital and reserves |  |  |
Called up share capital | 7 | 120 | 115
Retained earnings |  | 17,212 | 45,300
Shareholders' funds |  | 17,332 | 45,415

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Coly Electrical Ltd

(Registration number: 08626492)
Abridged Balance Sheet as at 31 July 2025

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 7 April 2026 and signed on its behalf by:

Mr Jonathan Eyre Director |  |

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Coly Electrical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Elwy
Cownhayne Lane
Colyton
Devon
EX24 6HD
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis as the directors will continue to support from the date of approval of these finacial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Coly Electrical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 20% straight line basis
Motor vehicles | 25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Coly Electrical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 12).

Coly Electrical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Office equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 812 | 59,334 | 3,231 | 63,377
Additions | 7,623 | 8,690 | - | 16,313
At 31 July 2025 | 8,435 | 68,024 | 3,231 | 79,690
Depreciation
At 1 August 2024 | 698 | 38,557 | 3,232 | 42,487
Charge for the year | 1,688 | 11,631 | 156 | 13,475
At 31 July 2025 | 2,386 | 50,188 | 3,388 | 55,962
Carrying amount
At 31 July 2025 | 6,049 | 17,836 | (157) | 23,728
At 31 July 2024 | 114 | 20,777 | (1) | 20,890

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 23,303 | 23,303
Other inventories | 9,286 | 4,112
| 32,589 | 27,415

6 | Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

Coly Electrical Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100
Ordinary A of £1 each | 20 | 20 | 15 | 15
| 120 | 120 | 115 | 115

8 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £1.00 per each Ordinary |  | 84,275 |  | 85,900
Interim dividend of £1.00 per each Ordinary A |  | 11,000 |  | 12,500
|  | 95,275 |  | 98,400

9 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 65,006 | 66,838