Hi-Spec Electrical Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07335426

Hi-Spec Electrical Solutions Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

Hi-Spec Electrical Solutions Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Hi-Spec Electrical Solutions Limited

Officers and Professional Advisers

DIRECTOR	Mr S Sapiano

REGISTERED OFFICE	Unit H
	Oldfield Farm
	Henlow
	Beds
	United Kingdom
	SG16 6EJ

ACCOUNTANTS	Streets
	Chartered accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

Hi-Spec Electrical Solutions Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	70,335	82,229

Current assets

Debtors	6	213,379	151,548
Cash at bank and in hand		77,947	54,732
		----------	----------
		291,326	206,280

Creditors: amounts falling due within one year	7	199,242	77,416
		----------	----------
Net current assets		92,084	128,864
		----------	----------
Total assets less current liabilities		162,419	211,093

Creditors: amounts falling due after more than one year	8	35,176	52,474

Provisions	17,583	20,557
	----------	----------
Net assets	109,660	138,062
	----------	----------

Capital and reserves

Called up share capital	2	2
Profit and loss account	109,658	138,060
	----------	----------
Shareholders funds	109,660	138,062
	----------	----------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

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 .

Hi-Spec Electrical Solutions Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Mr S Sapiano
Director

Company registration number: 07335426

Hi-Spec Electrical Solutions Limited

Notes to the Financial Statements

Year ended 31 August 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 Unit H, Oldfield Farm, Henlow, Beds, SG16 6EJ, United Kingdom.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

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.

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:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	33% straight line

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.

Defined contribution pension plans

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

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

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 September 2024	26,311	144,971	3,301	174,583
Additions	–	8,690	–	8,690
	--------	----------	-------	----------
At 31 August 2025	26,311	153,661	3,301	183,273
	--------	----------	-------	----------
Depreciation
At 1 September 2024	10,980	78,223	3,151	92,354
Charge for the year	2,299	18,135	150	20,584
	--------	----------	-------	----------
At 31 August 2025	13,279	96,358	3,301	112,938
	--------	----------	-------	----------
Carrying amount
At 31 August 2025	13,032	57,303	–	70,335
	--------	----------	-------	----------
At 31 August 2024	15,331	66,748	150	82,229
	--------	----------	-------	----------

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 August 2025	36,325
	--------
At 31 August 2024	52,860
	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	101,630	58,355
Other debtors	111,749	93,193
	----------	----------
	213,379	151,548
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	96,685	56,373
Corporation tax	22,486	9,092
Other creditors	80,071	11,951
	----------	--------
	199,242	77,416
	----------	--------

All hire purchases agreements are secured against the applicable assets.

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

	2025	2024
	£	£
Bank loans and overdrafts	6,212	15,471
Other creditors	28,964	37,003
	--------	--------
	35,176	52,474
	--------	--------

All hire purchases agreements are secured against the applicable assets.

9. Deferred tax

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

	2025	2024
	£	£
Included in provisions	17,583	20,557
	--------	--------

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

	2025	2024
	£	£
Accelerated capital allowances	17,583	20,557
	--------	--------