McLarnon Electrical Contractors Limited Company accounts

COMPANY REGISTRATION NUMBER: 07291822

McLARNON ELECTRICAL CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

31 July 2025

McLARNON ELECTRICAL CONTRACTORS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	5

The following pages do not form part of the financial statements

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	12

McLARNON ELECTRICAL CONTRACTORS LIMITED

DIRECTOR'S REPORT

YEAR ENDED 31 JULY 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 July 2025 .

Principal activities

The principal activity of the company during the year was electrical installations and gas repair work.

Director

The director who served the company during the year was as follows:

J McLarnon

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 24 April 2026 and signed on behalf of the board by:

J McLarnon
Director

Registered office:

Equitable House

55 Pellon Lane

Halifax

West Yorkshire

HX1 5SP

McLARNON ELECTRICAL CONTRACTORS LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

YEAR ENDED 31 JULY 2025

	2025	2024
Note	£	£
TURNOVER	522,660	454,918

Cost of sales	197,362	157,620
	----------	----------
GROSS PROFIT	325,298	297,298

Administrative expenses		288,627	295,816
		----------	----------
OPERATING PROFIT	4	36,671	1,482

Other interest receivable and similar income	6	1,955	851
Interest payable and similar expenses	7	2,256	635
		----------	----------
PROFIT BEFORE TAXATION		36,370	1,698

Tax on profit	5,947	324
	---------	-------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME	30,423	1,374
	---------	-------

Dividends paid and payable	( 7,250)	( 10,000)

RETAINED EARNINGS AT THE START OF THE YEAR	299,804	308,430
	----------	----------
RETAINED EARNINGS AT THE END OF THE YEAR	322,977	299,804
	----------	----------

All the activities of the company are from continuing operations.

McLARNON ELECTRICAL CONTRACTORS LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	8		170,129		146,948

CURRENT ASSETS

Stocks		22,222	29,765
Debtors	9	33,642	65,094
Cash at bank and in hand		195,097	147,513
		----------	----------
		250,961	242,372

CREDITORS: amounts falling due within one year	10	38,712		58,163
		----------		----------
NET CURRENT ASSETS			212,249		184,209
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			382,378		331,157

CREDITORS: amounts falling due after more than one year	11		27,851		3,333

PROVISIONS

Taxation including deferred tax	12	31,450	27,920
		----------	----------
NET ASSETS		323,077	299,904
		----------	----------

McLARNON ELECTRICAL CONTRACTORS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	14	100	100
Profit and loss account		322,977	299,804
		----------	----------
SHAREHOLDERS FUNDS		323,077	299,904
		----------	----------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

J McLarnon
Director

Company registration number: 07291822

McLARNON ELECTRICAL CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to Leasehold Property	-	Fully amortised
Motor Vehicles	-	25% reducing balance
Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. OPERATING PROFIT

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	47,169	39,146
	---------	---------

5. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

6. OTHER INTEREST RECEIVABLE AND SIMILAR INCOME

	2025	2024
	£	£
Interest on cash and cash equivalents	1,955	851
	-------	----

7. INTEREST PAYABLE AND SIMILAR EXPENSES

	2025	2024
	£	£
Interest on banks loans and overdrafts	139	238
Interest on obligations under finance leases and hire purchase contracts	2,117	397
	-------	----
	2,256	635
	-------	----

8. TANGIBLE ASSETS

	Land and buildings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 August 2024	4,790	164,379	177,132	346,301
Additions	–	69,935	415	70,350
	-------	----------	----------	----------
At 31 July 2025	4,790	234,314	177,547	416,651
	-------	----------	----------	----------
Depreciation
At 1 August 2024	4,789	88,697	105,867	199,353
Charge for the year	–	32,873	14,296	47,169
	-------	----------	----------	----------
At 31 July 2025	4,789	121,570	120,163	246,522
	-------	----------	----------	----------
Carrying amount
At 31 July 2025	1	112,744	57,384	170,129
	-------	----------	----------	----------
At 31 July 2024	1	75,682	71,265	146,948
	-------	----------	----------	----------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 July 2025	50,710
	---------
At 31 July 2024	7,816
	---------

9. DEBTORS

	2025	2024
	£	£
Trade debtors	23,886	46,279
Prepayments and accrued income	7,488	10,987
Other debtors	2,268	7,828
	---------	---------
	33,642	65,094
	---------	---------

10. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans	3,334	4,000
Trade creditors	11,277	29,188
Accruals and deferred income	3,935	2,708
Corporation tax	3,679	5,109
Social security and other taxes	–	639
Obligations under finance leases and hire purchase contracts	8,385	2,167
Director loan accounts	263	360
Other creditors	7,839	13,992
	---------	---------
	38,712	58,163
	---------	---------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2025	2024
	£	£
Hire purchase agreements	8,385	2,167
	-------	-------

11. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	–	3,333
Obligations under finance leases and hire purchase contracts	27,851	–
	---------	-------
	27,851	3,333
	---------	-------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2025	2024
	£	£
Hire purchase agreements	27,851	Nil
	---------	----

12. PROVISIONS

	Deferred tax (note 13)
	£
At 1 August 2024	27,920
Additions	3,530
	---------
At 31 July 2025	31,450
	---------

13. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 12)	31,450	27,920
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	31,450	27,920
	---------	---------

14. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

15. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.

McLARNON ELECTRICAL CONTRACTORS LIMITED

MANAGEMENT INFORMATION

YEAR ENDED 31 JULY 2025

The following pages do not form part of the financial statements.

McLARNON ELECTRICAL CONTRACTORS LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF McLARNON ELECTRICAL CONTRACTORS LIMITED

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 financial statements of McLarnon Electrical Contractors Limited for the year ended 31 July 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of McLarnon Electrical Contractors Limited. Our work has been undertaken solely to prepare for your approval the financial statements of McLarnon Electrical Contractors Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McLarnon Electrical Contractors Limited and its director for our work or for this report.

It is your duty to ensure that McLarnon Electrical Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McLarnon Electrical Contractors Limited. You consider that McLarnon Electrical Contractors Limited 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 financial statements of McLarnon Electrical Contractors Limited. 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 financial statements.

STREETS SPENSER WILSON (YORKSHIRE) LIMITED Chartered Accountants

Equitable House 55 Pellon Lane Halifax West Yorkshire HX1 5SP

24 April 2026