Shearing Electrical Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04285264

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,982		19,930

			15,982		19,930
CURRENT ASSETS
Debtors	5	27,665		32,696
Cash at bank and in hand		26,995		27,749

		54,660		60,445
Creditors: Amounts Falling Due Within One Year	6	(47,767 )		(46,992 )

NET CURRENT ASSETS (LIABILITIES)			6,893		13,453

TOTAL ASSETS LESS CURRENT LIABILITIES			22,875		33,383

Creditors: Amounts Falling Due After More Than One Year	7		(22,329 )		(28,695 )

NET ASSETS			546		4,688

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			446		4,588

SHAREHOLDERS' FUNDS			546		4,688

Page 1

Page 2

Shearing Electrical Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Elaine Shearing

Director

23 April 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Shearing Electrical Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 04285264 . The registered office is 54 De Lisle Road, Bournemouth, Dorset, BH3 7NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles	25% straight line
Office and computer equipment	20% reducing balance method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and 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 the 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 as incurred.

2.5. Financial Instruments

Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.

Page 3

Page 4

Shearing Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.6. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Page 4

Page 5

Shearing Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

3. Average Number of Employees

	2025	2024
Average number of employees, including directors, during the year	2	2

	2	2

4. Tangible Assets

	Motor vehicles	Office and computer equipment	Total
	£	£	£
Cost
As at 1 October 2024	30,442	3,944	34,386
Additions	-	1,582	1,582

As at 30 September 2025	30,442	5,526	35,968

Depreciation
As at 1 October 2024	11,192	3,264	14,456
Provided during the period	5,250	280	5,530

As at 30 September 2025	16,442	3,544	19,986

Net Book Value
As at 30 September 2025	14,000	1,982	15,982

As at 1 October 2024	19,250	680	19,930

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor vehicles	14,000	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,524	10,992
Other debtors	26,141	21,704

	27,665	32,696

Page 5

Page 6

Shearing Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,588	3,217
Trade creditors	-	6,347
Bank loans and overdrafts	2,778	2,778
Other creditors	34,996	27,371
Taxation and social security	6,405	7,279

	47,767	46,992

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,144	15,732
Bank loans	10,185	12,963

	22,329	28,695

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,588	3,217
Later than one year and not later than five years	12,144	15,732

	15,732	18,949

	15,732	18,949

Page 6