Boulter Electrical Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09136071

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		20,000		20,000
Tangible Assets	5		2,387		2,743

			22,387		22,743
CURRENT ASSETS
Stocks	6	5,000		5,000
Debtors	7	14,135		12,463
Cash at bank and in hand		1,413		3,107

		20,548		20,570
Creditors: Amounts Falling Due Within One Year	8	(42,808 )		(33,581 )

NET CURRENT ASSETS (LIABILITIES)			(22,260 )		(13,011 )

TOTAL ASSETS LESS CURRENT LIABILITIES			127		9,732

Creditors: Amounts Falling Due After More Than One Year	9		-		(9,600 )

NET ASSETS			127		132

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			27		32

SHAREHOLDERS' FUNDS			127		132

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Boulter Electrical Limited

Balance Sheet (continued)

As At 31 July 2025

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.

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

Mr Richard Boulter

Director

28/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Boulter Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09136071 . The registered office is 39 Cavendish Road, Ilkeston, Derbyshire, DE7 4LS.

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 or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Plant & Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Computer Equipment	33% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Boulter Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1
Sales, marketing and distribution	1	1

	2	2

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	20,000

As at 31 July 2025	20,000

Net Book Value
As at 31 July 2025	20,000

As at 1 August 2024	20,000

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	7,387	4,132	11,519
Additions	1,142	-	1,142

As at 31 July 2025	8,529	4,132	12,661

Depreciation
As at 1 August 2024	8,035	741	8,776
Provided during the period	1,498	-	1,498

As at 31 July 2025	9,533	741	10,274

Net Book Value
As at 31 July 2025	(1,004 )	3,391	2,387

As at 1 August 2024	(648 )	3,391	2,743

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Boulter Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Stocks

	2025	2024
	£	£
Stock	5,000	5,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,824	1,068
Prepayments and accrued income	161	40
Other debtors	-	23
Directors' loan accounts	8,150	11,332

	14,135	12,463

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,480	5,053
Bank loans and overdrafts	5,512	13,166
Other loans	12,388	1,092
Corporation tax	8,369	9,314
Other taxes and social security	1,664	-
VAT	4,395	2,332
Other creditors	-	1,664
Accruals and deferred income	1,000	960

	42,808	33,581

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

	2025	2024
	£	£
Bank loans	-	9,600

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

The above loan is unsecured, interest free and repayable on demand.

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