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Registered number: 12290482
Electrical Estimates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Jenny Regan
Accountant
Penlon
Llanddewi Brefi
Tregaron
SY25 6RX
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 12290482
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,461 27,807
36,461 27,807
CURRENT ASSETS
Stocks 5 16,981 34,000
Debtors 6 37,040 76,770
Cash at bank and in hand 155,297 105,169
209,318 215,939
Creditors: Amounts Falling Due Within One Year 7 (93,500 ) (116,447 )
NET CURRENT ASSETS (LIABILITIES) 115,818 99,492
TOTAL ASSETS LESS CURRENT LIABILITIES 152,279 127,299
Creditors: Amounts Falling Due After More Than One Year 8 - (5,032 )
NET ASSETS 152,279 122,267
CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Profit and Loss Account 52,279 22,267
SHAREHOLDERS' FUNDS 152,279 122,267
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Matthew Klemencic
Director
17/05/2026
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2024 100,000 (16,971 ) 83,029
Profit for the year and total comprehensive income - 41,238 41,238
Dividends paid - (2,000) (2,000)
As at 31 March 2025 and 1 April 2025 100,000 22,267 122,267
Profit for the year and total comprehensive income - 40,012 40,012
Dividends paid - (10,000) (10,000)
As at 31 March 2026 100,000 52,279 152,279
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Electrical Estimates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12290482 . The registered office is 26 Alexandra Road, Aberystwyth, Ceredigion, SY23 1LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets.  They are depreciated over their useful lives.
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. 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 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 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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Page 5
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: 8 (2025: 9)
8 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2025 26,511 26,761 7,791 61,063
Additions 955 19,844 - 20,799
Disposals - (9,249 ) - (9,249 )
As at 31 March 2026 27,466 37,356 7,791 72,613
Depreciation
As at 1 April 2025 16,405 12,187 4,664 33,256
Provided during the period 2,212 6,277 625 9,114
Disposals - (6,218 ) - (6,218 )
As at 31 March 2026 18,617 12,246 5,289 36,152
Net Book Value
As at 31 March 2026 8,849 25,110 2,502 36,461
As at 1 April 2025 10,106 14,574 3,127 27,807
5. Stocks
2026 2025
£ £
Stock 3,000 3,000
Work in progress 13,981 31,000
16,981 34,000
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 33,860 69,948
Other debtors 3,180 6,822
37,040 76,770
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 13,420 30,909
Bank loans and overdrafts - 10,000
Corporation tax 7,356 8,426
Other taxes and social security 12,481 4,875
Accruals and deferred income 400 350
Director's loan account 59,843 61,887
93,500 116,447
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 5,032
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100,000 100,000
11. Ultimate Controlling Party
The company's ultimate controlling party is Matthew Klememcic by virtue of his ownership of 100% of the issued share capital in the company.
Page 6