Company No: 02282629 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	13,851		9,348
		13,851		9,348
Current assets
Stocks	5	10,000		10,000
Debtors	6	39,847		69,305
Cash at bank and in hand		13,812		2,641
		63,659		81,946
Creditors: amounts falling due within one year	7	( 124,543)		( 126,868)
Net current liabilities		(60,884)		(44,922)
Total assets less current liabilities		(47,033)		(35,574)
Creditors: amounts falling due after more than one year	8	( 18,769)		( 16,631)
Net liabilities		( 65,802)		( 52,205)
Capital and reserves
Called-up share capital	9	7,500		7,500
Profit and loss account		( 73,302 )		( 59,705 )
Total shareholder's deficit		( 65,802)		( 52,205)

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Technical Electrical Engineering Limited (registered number: 02282629) were approved and authorised for issue by the Board of Directors on 29 May 2026. They were signed on its behalf by:

S J Barlow Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Technical Electrical Engineering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £65,802. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Other property, plant and equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		10

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 September 2024	67,375		67,375
At 31 August 2025	67,375		67,375
Accumulated amortisation
At 01 September 2024	67,375		67,375
At 31 August 2025	67,375		67,375
Net book value
At 31 August 2025	0		0
At 31 August 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 September 2024	31,422		32,060		16,414		8,063		87,959
Additions	0		7,700		0		0		7,700
At 31 August 2025	31,422		39,760		16,414		8,063		95,659
Accumulated depreciation
At 01 September 2024	25,170		31,301		14,077		8,063		78,611
Charge for the financial year	1,256		1,473		468		0		3,197
At 31 August 2025	26,426		32,774		14,545		8,063		81,808
Net book value
At 31 August 2025	4,996		6,986		1,869		0		13,851
At 31 August 2024	6,252		759		2,337		0		9,348

5. Stocks

	2025		2024
	£		£
Stocks	10,000		10,000

6. Debtors

	2025		2024
	£		£
Trade debtors	37,847		67,071
Other debtors	2,000		2,234
	39,847		69,305

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	10,000		11,739
Trade creditors	39,816		48,079
Other taxation and social security	15,010		10,229
Obligations under finance leases and hire purchase contracts	2,594		0
Other creditors	57,123		56,821
	124,543		126,868

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	15,117		16,631
Obligations under finance leases and hire purchase contracts	3,652		0
	18,769		16,631

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
7,500 ORDINARY shares of £ 1.00 each	7,500		7,500

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	8,992		9,452
between one and five years	13,487		22,480
Total future minimum lease payments under non-cancellable operating leases	22,479		31,932