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Company Registration No. 12320443 (England and Wales)
K Jennings Electrical Limited Unaudited accounts for the year ended 31 March 2026
K Jennings Electrical Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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K Jennings Electrical Limited Company Information for the year ended 31 March 2026
Directors
Elaine Jennings Kevin Jennings
Company Number
12320443 (England and Wales)
Registered Office
223 Tuffley Lane Tuffley Gloucester GL4 0NY United Kingdom
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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K Jennings Electrical Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
10,135
13,513
Current assets
Debtors
5
7,191
10,350
Cash at bank and in hand
214,132
157,986
221,323
168,336
Creditors: amounts falling due within one year
6
(104,836)
(33,832)
Net current assets
116,487
134,504
Total assets less current liabilities
126,622
148,017
Creditors: amounts falling due after more than one year
7
-
(667)
Provisions for liabilities
Deferred tax
(2,534)
(2,568)
Net assets
124,088
144,782
Capital and reserves
Called up share capital
100
100
Profit and loss account
123,988
144,682
Shareholders' funds
124,088
144,782
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by
Kevin Jennings Director Company Registration No. 12320443
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K Jennings Electrical Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
K Jennings Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 12320443. The registered office is 223 Tuffley Lane, Tuffley, Gloucester, GL4 0NY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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K Jennings Electrical Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2025
30,999
At 31 March 2026
30,999
Depreciation
At 1 April 2025
17,486
Charge for the year
3,378
At 31 March 2026
20,864
Net book value
At 31 March 2026
10,135
At 31 March 2025
13,513
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
-
596
Trade debtors
7,191
9,754
7,191
10,350
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
1,173
12,774
VAT
359
-
Trade creditors
352
-
Taxes and social security
16,370
4,007
Loans from directors
86,582
17,051
104,836
33,832
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
667
8
Average number of employees
During the year the average number of employees was 2 (2025: 3).
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