REGISTERED NUMBER: 01070574 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Phonelec (Electrical Contractors)

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B E O'Toole

SECRETARY:

Mrs B E O'Toole

REGISTERED OFFICE:

232 Park Road

Ilkeston

Derbyshire

DE7 5DQ

REGISTERED NUMBER:

01070574 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Property, plant and equipment

4

1,534

1,805

Investment property

5

800,000

800,000

801,534

801,805

CURRENT ASSETS

Debtors

3,444

5,120

Cash at bank

32,288

18,731

35,732

23,851

CREDITORS

Amounts falling due within one year

19,808

14,377

NET CURRENT ASSETS

15,924

9,474

TOTAL ASSETS LESS CURRENT LIABILITIES

817,458

811,279

PROVISIONS FOR LIABILITIES

74,195

74,246

NET ASSETS

743,263

737,033

CAPITAL AND RESERVES

Called up share capital

500

500

Non distributable profit reserve

481,032

481,032

Retained earnings

261,731

255,501

SHAREHOLDERS' FUNDS

743,263

737,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2026 and were signed by:

Mrs B E O'Toole - Director

1.	STATUTORY INFORMATION

Phonelec (Electrical Contractors) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 December 2024

and 30 November 2025

13,995

DEPRECIATION

At 1 December 2024

12,190

Charge for year

271

At 30 November 2025

12,461

NET BOOK VALUE

At 30 November 2025

1,534

At 30 November 2024

1,805

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

800,000

NET BOOK VALUE

At 30 November 2025

800,000

At 30 November 2024

800,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2000

26,192

Valuation in 2003

134,694

Valuation in 2007

100,000

Valuation in 2021

298,986

Cost

240,128

800,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

240,128

240,128

The investment property was valued on an open market basis on 30 November 2025 by the Director .