Company Registration No. NI650796 (Northern Ireland)
Foglish Electrical Limited
Companies House accounts
for the year ended 28 February 2026
Foglish Electrical Limited
Companies House accounts
Contents
Foglish Electrical Limited
Company Information
for the year ended 28 February 2026
Directors
Stephen R McClelland
Anne E McClelland
Secretary
Anne E McClelland
Company Number
NI650796 (Northern Ireland)
Registered Office
21 Foglish Road
Fivemiletown
Co Tyrone
BT75 0NG
N Ireland
Accountants
Allan Montgomery & Co
100 Main Street
Fivemiletown
Co Tyrone
BT75 0PW
Foglish Electrical Limited
Statement of financial position
as at 28 February 2026
Intangible assets
10,000
15,000
Tangible assets
10,557
4,428
Cash at bank and in hand
23,921
39,500
Creditors: amounts falling due within one year
(18,826)
(24,030)
Net current assets
53,298
68,993
Total assets less current liabilities
73,855
88,421
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
72,814
87,380
Shareholders' funds
73,014
87,580
For the year ending 28 February 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by
Stephen R McClelland
Director
Company Registration No. NI650796
Foglish Electrical Limited
Notes to the Accounts
for the year ended 28 February 2026
Foglish Electrical Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI650796. The registered office is 21 Foglish Road, Fivemiletown, Co Tyrone, BT75 0NG, N Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Foglish Electrical Limited
Notes to the Accounts
for the year ended 28 February 2026
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its directors. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Goodwill
At 28 February 2026
50,000
At 28 February 2026
40,000
At 28 February 2026
10,000
At 28 February 2025
15,000
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2025
9,600
10,089
19,689
At 28 February 2026
9,600
18,858
28,458
At 1 March 2025
8,311
6,950
15,261
Charge for the year
258
2,382
2,640
At 28 February 2026
8,569
9,332
17,901
At 28 February 2026
1,031
9,526
10,557
At 28 February 2025
1,289
3,139
4,428
Amounts falling due within one year
Foglish Electrical Limited
Notes to the Accounts
for the year ended 28 February 2026
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Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
2,800
4,072
Trade creditors
10,386
13,998
Loans from directors
193
193
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Deferred taxation
2026
2025
Accelerated capital allowances
841
841
Provision at start of year
841
873
Credited to the profit and loss account
-
(32)
Provision at end of year
841
841
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
10
Transactions with related parties
Dividends paid to directors during the year - £1,000 (2025: £1,000).
Rent paid by the company to directors during the year - £5,160 (2025: £5,160).
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Average number of employees
During the year the average number of employees was 3 (2025: 3).