REGISTERED NUMBER: 03302078 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

HOBBS ELECTRICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Hobbs

I Henshaw

A Carvell

REGISTERED OFFICE:

7a St Pauls Court

Stony Stratford

Buckinghamshire

MK11 1LJ

REGISTERED NUMBER:

03302078 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Intangible assets

4

2,400,000

2,600,000

Tangible assets

5

98,584

154,493

2,498,584

2,754,493

CURRENT ASSETS

Stocks

6

10,000

10,000

Debtors

7

1,463,509

1,285,578

Cash at bank

556,690

550,133

2,030,199

1,845,711

CREDITORS

Amounts falling due within one year

8

1,121,923

907,821

NET CURRENT ASSETS

908,276

937,890

TOTAL ASSETS LESS CURRENT LIABILITIES

3,406,860

3,692,383

CREDITORS

Amounts falling due after more than one year

9

(3,619

)

(746,524

)

PROVISIONS FOR LIABILITIES

10

(23,625

)

(38,624

)

ACCRUALS AND DEFERRED INCOME

(94,194

)

(109,670

)

NET ASSETS

3,285,422

2,797,565

CAPITAL AND RESERVES

Called up share capital

11

91

91

Capital redemption reserve

12

10

10

Retained earnings

12

3,285,321

2,797,464

SHAREHOLDERS' FUNDS

3,285,422

2,797,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2026 and were signed on its behalf by:

J S Hobbs - Director

1.	STATUTORY INFORMATION

Hobbs Electrical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Significant judgements and estimates

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.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance and 15% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

3,000,000

AMORTISATION

At 1 February 2025

400,000

Amortisation for year

200,000

At 31 January 2026

600,000

NET BOOK VALUE

At 31 January 2026

2,400,000

At 31 January 2025

2,600,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

194,093

6,741

72,100

43,510

316,444

Additions

18,542

-

-

8,965

27,507

Disposals

(176,377

)

(6,741

)

-

(15,475

)

(198,593

)

At 31 January 2026

36,258

-

72,100

37,000

145,358

DEPRECIATION

At 1 February 2025

128,630

3,166

10,317

19,834

161,947

Charge for year

11,209

536

15,446

5,654

32,845

Eliminated on disposal

(132,601

)

(3,702

)

-

(11,715

)

(148,018

)

At 31 January 2026

7,238

-

25,763

13,773

46,774

NET BOOK VALUE

At 31 January 2026

29,020

-

46,337

23,227

98,584

At 31 January 2025

65,463

3,575

61,783

23,676

154,497

6.

STOCKS

2026

2025

£

£

Stocks

10,000

10,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

846,508

764,070

Other debtors

-

67

Hobbs Electrical Property Ltd

403,606

403,036

St Paul's Court Services Ltd

4,800

-

VAT

124,774

56,734

Prepayments

83,821

61,671

1,463,509

1,285,578

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

768,818

475,786

Corporation tax

78,571

183,509

Social security and other taxes

150,650

118,988

Hobbs Capital Ltd

24,409

30,133

Pension control account

4,085

5,020

NW Credit Card

944

621

Capital on Tap

94,446

93,764

1,121,923

907,821

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Deferred Consideration

-

745,295

Other Creditors

3,619

1,229

3,619

746,524

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

23,625

38,624

Deferred

tax

£

Balance at 1 February 2025

38,624

Provided during year

(14,999

)

Balance at 31 January 2026

23,625

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

90

Ordinary 'A'

£1

90

90

1

Ordinary 'B'

£1

1

1

91

91

12.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 February 2025

2,797,464

10

2,797,474

Profit for the year

1,587,857

1,587,857

Dividends

(1,100,000

)

(1,100,000

)

At 31 January 2026

3,285,321

10

3,285,331

13.	RELATED PARTY DISCLOSURES

Included in other debtors is a loan of £403,606 given by the company to Hobbs Electrical Property Ltd. This loan is interest free and payable on demand.

Included in other debtors is a loan of £4,800 given by the company to St Paul's Court Services Limited. This loan is interest free and payable on demand.

Included in other creditors is a loan of £24,409 given by Hobbs Capital Ltd to the company. This loan is interest free and payable on demand.

14.	ULTIMATE CONTROLLING PARTY

Hobbs Capital Limited has a 100% controlling interest in the company by virtue of their shareholding.